Maitreyi Krishnaswamy, director of FiOS TV, has a confession, and it doesn't bode well for the future of Verizon's fixed-line video business.
"I've pretty much cut the cord," Krishnaswamy admitted on a panel at the TV of Tomorrow event in New York City.
Krishnaswamy is bullish on Verizon Communications Inc. (NYSE: VZ)'s new Go90 mobile video service, but she readily acknowledges there are major challenges in the traditional pay-TV business. (See Verizon's Go90 Is Live – Will Anyone Watch?)
Young audiences like TV shows, but they don't want to pay a lot to get them. And apparently, neither does Krishnaswamy.
http://www.lightreading.com/video/ott/fios-tv-director-cuts-the-cord/d/d-id/719698