Verizon
Verizon is pursuing a major strategic initiative to create its own high performance - low cost video distribution network. Verizon’s goal is to differentiate its broadband connectivity services by providing a wide range of broadcast quality premium video entertainment to its 8.5m Broadband consumers.
Traditionally Verizon has turned to independent CDN (Content Delivery Network) providers for assistance in delivering video content to its subscribers. However, the cost of delivering large volumes of video content this way is prohibitive and restricted Verizon’s ability to move aggressively into the video services arena.
Verizon is deploying Velocix to create a bespoke content delivery network (CDN) within its FioS access network that offers content owners and distributors a new and efficient pathway to their subscriber base. As a first step, Verizon has formed a commercial relationship with Starz Entertainment to provide their Starz Play service via Velocix.
November, 2008
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 71 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of more than 228,000 and last year generated consolidated operating revenues of $93.5 billion.