Reports about Sony seeking a buyer for its Playstation Vue business circulated late last week, courtesy of The Information, indicating an uncertain future for Sony's TV streaming service.
Today, the Japanese company announced that it will be shutting down PlayStation Vue on January 30 next year.
The Information reports that PlayStation continues to bleed cash and that Sony struggles to keep up with high programming costs.
PlayStation Vue was launched in 2015 as an over-the-top Internet television service with a bundle of different channels for $40 per month.
In 2017, Sony dropped its cheaper Slim tier offering in favor of PlayStation Vue.