Multiple cable nets teaming up to launch OTT TV service

Several major TV companies are teaming up to launch their own OTT-based live TV service, according to a report form the Wall Street Journal. Viacom, Discovery, A+E Networks, AMC Networks, and Scripps Networks Interactive are reportedly in on the plans. (It’s worth noting that Discovery announced plans to acquire Scripps back in July; that deal hasn’t been completed yet.) The companies’ skinny TV package will reportedly cost less than $20 monthly. The offering won’t come with any sports content – hence the low price tag. The service is said to be named Philo, after the San Francisco company that’s helping to power the new venture. Details are still slim, but a beta version of the service is reportedly expected to launch soon.

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