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Verizon ends plans for own OTT service

Verizon Communications Inc. nixed plans to launch its own over-the-top service, CEO Lowell McAdam said in a recent interview cited by Multichannel News.

The company will instead work with a partner "in the linear game" and add digital content from Oath, McAdam said, adding that a fourth-quarter launch is expected. He also clarified that the company will focus on Yahoo properties and some "limited entertainment."

A report earlier this year indicated that Verizon's planned OTT content service could be delayed until at least this spring.