Industry sources report that Verizon Communications is working on their own video streaming service that could become the latest challenger to Netflix sometime next year.
The company would offer television programming and movies for streaming over the internet.
Verizon is currently in talks with the content providers and are likely to target areas where they are not currently offering their FiOS services.
This alone would provide them a market with a potential customer base of 85 million users.
Verizon has not commented on these rumors yet.