Verizon CEO says linear TV model is dead, the company looks for OTT partner

Verizon CEO Lowell McAdam said in an interview with Yahoo Finance last week that the company will not invest in linear TV because it doesn’t see a future in that market. In addition, the executive said that the company will not develop its own OTT but partner with an existing player to bundle with 5G.
“I think the linear model is dead; it’s just going to take a long time to die,” McAdam said. According to the executive, the company is not “out there buying big content companies trying to achieve scale, we’re much more in the digital area.” This means they will bet on Yahoo Finance, Yahoo Sports and some “limited entertainment”.
“Our view is we should partner with those that are in the linear game”. The goal is to integrate the linear offer with Oath, the online unit that includes Yahoo and AOL. We’ll add digital content to that mix and we’ll position ourselves for where we become more of an over-the-top video culture versus the linear model that we have today.”
McAdam didn’t reveal who would be Verizon’s partner but said he hopes to have selected one for an expected launch in Q4.