The telecom giant has been shifting its video focus away from FiOS TV to partnerships with third-party streaming services as it positions itself as a key distribution platform for them. For example, Verizon has a deal with The Walt Disney Co. for the Disney bundle, which gives customers with select Verizon wireless unlimited plans access to Disney streaming services Disney+, Hulu and ESPN+.
The Verizon Media unit, which includes the likes of Yahoo and AOL, posted second-quarter revenue of $2.1 billion, up 50 percent from the year-ago $1.4 billion and up 13 percent from the pre-pandemic second quarter of 2019. “Media continued its recent trends and delivered strong performance driven by high customer engagement with its brands and demand for its advertising platforms,” the company said.
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