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There were rumours earlier this week that Sony was looking to offload television streaming service PlayStation Vue, but it seems the company couldn’t find a buyer, as it’s preparing to sunset the project on 30th January next year. According to Deputy President John Kodera, the organisation has “decided to remain focused on our core gaming business”.

“We are very proud of what PS Vue was able to accomplish,” he said. “We had ambitious goals for how our service could change how people watch TV, showcasing PlayStation’s ability to innovate in a brand-new category within the Pay TV industry. We want to thank all of our customers, some of whom have been with us since PS Vue’s launch in 2015.”

He continued: “PlayStation fans can continue to access movie and TV content through the PlayStation Store on PS4 and via our partnerships with top entertainment apps. We will continue to deliver the best entertainment experiences across the network, along with other key gaming services, including PlayStation Now and PlayStation Plus.”

Kodera was quite candid about PS Vue’s shortcomings and failings: “Unfortunately, the highly competitive Pay TV industry, with expensive content and network deals, has been slower to change than we expected.” The organisation did attempt to keep the initiative alive by raising prices, but despite some neat simultaneous viewing features, it ultimately wasn’t able to turn a profit.

[source blog.us.playstation.com]