Sony’s PlayStation Vue Web-TV Service Has Over 100,000 Subscribers

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PlayStation Vue, the web-TV service for owners of Sony Corp.’s video-game consoles, has signed up more than 100,000 subscribers since its March 2015 debut, people with knowledge of the matter said, good news for entertainment companies that are losing pay-TV subscribers.

The service has been adding customers at a faster rate since Sony began a nationwide rollout in the U.S. three months ago, said the people, who asked not to be identified discussing private figures. Sony, based in Tokyo, declined to comment on the number. One person put the total near 120,000.

Media companies like Walt Disney Co. and Time Warner Inc. are looking to internet services to counter or slow the decline in traditional pay-TV subscribers for channels like ESPN and TNT. Shrinking audiences have sapped growth at many cable networks, which are the primary contributors to sales and profit at most major media companies.

Sony created Vue to give owners of its PlayStation consoles the option to watch live and on-demand TV without switching away from their gaming systems, an effort to make the device the centerpiece of the living room. Sony sells different programming plans nationally, in part depending on the availability of the major broadcast networks. Where they are provided on Vue, prices range from $40 a month for about 60 channels to $55 for about 100.

The company also recently began offering the service on other devices, including Roku players, Amazon.com Inc. products, and iPhones and iPads.

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SOURCE: Bloomberg, Lucas Shaw