3 Reasons Sony Wants to Sell PlayStation Vue

Sony (NYSE: SNE) is working with Bank of America Merrill Lynch to sell its over-the-top (OTT) streaming platform PlayStation Vue, according to The Information. Sony launched Vue four years ago, bundling together live cable TV channels, on-demand videos, and a cloud-based DVR. Vue initially launched on PS3 and PS4 consoles, and was eventually expanded to other platforms like Roku, Amazon (NASDAQ: AMZN) Fire TV, Apple TV, and Android TV. 

Sony marketed Vue as an all-in-one TV solution for cord cutters, but it remained less popular than similar services like Dish Network's (NASDAQ: DISH) Sling TV, Disney's (NYSE: DIS) Hulu + Live TV, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV, and AT&T's DirecTV Now. Let's discuss the three main reasons Sony wants to sell Vue, and whether or not it will attract any buyers.

Image source: Sony.

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Source Fool.com