April 18, 2005

Verizon Signs NBC Universal and Starz for its FiOS TV

Verizion is getting battered by the cable companies and upstarts like Vonage, who are taking huge share of the local and long distance telephone business because of VOIP. So what is Verizon doing? It's taking the game to the cable companies by starting its TV video on demand service later this year with its fiber to the home strategy.

People in Japan get thousands of movies on demand, phone, and super high speed internet service for like $60 a month. God I love competition. Verizon is vowing that eventually half the states it covers will have access to fiber to home services. I can't wait for megabits of download speed and tons of HD programming. Even though I hated Verizon for most of my life, if they can do this, all is forgiven. Note to Verizon, please think of a better name that FiOS TV. It sounds retarded.

Verizon FiOS TV will offer customers a competitive alternative to cable or satellite. In addition to the NBC Cable and Broadcast channels, FiOS TV will also deliver hundreds of other digital video channels, high-definition programming, video-on-demand content, music channels, an interactive programming guide and other customer-friendly features via the company's fiber-to-the-premises (FTTP) broadband network. Verizon is already constructing FTTP networks in half the states where it offers landline communications service. Customers will be able to buy FiOS TV as a stand-alone service or packaged with voice and FiOS high-speed data services, which are already available in some areas.