T-Mobile Us Inc. (NASDAQ: TMUS) Calls It Quit On Streaming Shuts Down TVision Service

T Mobile is shelving its streaming services ambitions. The wireless career has confirmed that its TVision streaming service will no longer be available. The three bundles already available will shut down at the end of April.

TVision Shutdown

The shutdown comes barely a  year after the company expanded its operations into the streaming game. It launched two streaming services TVision Live with three-tier services and TVision Vibe, a slimmed-down and cheaper option. As it stands, all the streaming services will go dark on April 29, 2021.

The shutdown follows the inking of a strategic partnership with Alphabet Inc. (NASDAQ: GOOGL) and YouTube. Under the terms of the deal, T-Mobile offers its customers $10 discounts to view content on YouTube TV or Philo. The career will also offer a free month of YouTube to customers that had signed up for  TVision Live packages

In defense of ending the streaming services, T-Mobile insists its TVision initiative was launched to give customers new choices and help millions cut the cord. The company had also hoped to use the opportunity to expand the appeal of its upcoming wireless internet service.

Stiff Competition

T-Mobile also insists that its  TV software provider encountered some financial challenges that made it difficult to continue with the offering. With a   strategic partnership with Google and YouTube, the company says it saw an opportunity to deliver unique value to customers.

However, that was not to be as it appears the company’s streaming services capitulated amid stiff competition in the segment. The streaming industry is extremely fragmented, with new streaming services cropping up by the day.

The streaming business is all about content. Companies that can produce their content and are backed by a massive library stand to be the biggest winners. It appears T-Mobile struggled on this front leading to the collapse of its streaming service.

T-Mobile also experienced some legal challenges with its streaming service. Discovery NBCUniversal  and ViacomCBS have already lodged legal proceedings against the career  over the way their networks were distributed on TVision, which violated their contracts

By reading our website you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook or chat. We do not advise any reader to take any specific action. Our releases are for informational and educational purposes only. Never invest purely based on our articles. Gains mentioned on our website, twitter, Facebook, and on our website may be based on EOD or intraday data. We may be compensated for the production, release, and awareness of this article. We will disclose any and all compensation on the article page. This publication and its owner never hold positions in the securities mentioned in our articles. Our information may contain Forward-Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site. The information in our disclaimers is subject to change at any time without notice. We are not held liable or responsible for the information in press releases issued by the companies discussed in these write-ups. Please do your own due diligence