So here's another major entrant in the video wars. FIOS has barely been on my radar as it seemed to be another effort, so maybe I better start paying attention.
Mostly this seems to be a useful joint venture to do more for Redbox and give Verizon more options. However I don't see this remaining joint forever – I see it being adsorbed into Verizon or spun off somehow. It's still a bit experimental.
So my take?
- This makes perfect sense as Verizon clearly wants to be far more than a carrier, and Redbox probably wants the insurance.
- I don't see this yielding many employment opportunities short-term. It has to gear up, it feels like an experiment, so I'm not seeing any significant opportunities.
- Much as it seemed to be de rigeur to create a music service awhile ago, now it seems everyone wants a video service. As companies with properties are probably not too fussy about allowing content out (for a price), at least short term it may make sense.
- I actually think this competition is good right now – it shakes things up and forces others to rethink things. What else might be inspired by this should be watched.
– Steven Savage