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Elise Amendola / AP

Per Bloomberg, Verizon is securing rights from TV networks to stream their content online, which is an important step towards moving into the digital TV streaming market. According to people familiar with the move, Verizon will sell a package with dozens of channels this summer that will be separate from FiOS.

The move follows a trend of other telecom companies taking steps to move into the digital TV space. On Monday, Bloomberg reported that Comcast has negotiated rights from the owners of cable companies to broadcast their video services outside of its regional territories, which could indicate that they're moving into the TV streaming service. Other telecom companies have already jumped into online streaming, including Dish Network with SlingTV and Apple Inc. with DirectTV.

Why it matters: The TV consumption trend is quickly moving from traditional TV sets to digital streaming. Per the Consumer Technology Association, the percentage of streaming service subscribers (free or paid) has caught up with the percentage of pay-TV service providers for the first time ever. Per Nielsen, 23% of U.S. households own a digital streaming device.

Go deeper

Updated 59 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

Dave Lawler, author of World
1 hour ago - World

Biden holds first phone call with Putin, raises Navalny arrest

Putin takes a call in 2017. Photo: Handout/Anadolu Agency/Getty

President Biden on Tuesday held his first call since taking office with Vladimir Putin, pressing the Russian president on the arrest of opposition leader Alexey Navalny and the Russia-linked hack on U.S. government agencies.

The state of play: Biden also raised arms control, bounties allegedly placed on U.S. troops in Afghanistan and the war in Ukraine, according to a White House readout. The statement said Biden and Putin agreed maintain "consistent communication," and that Biden stressed the U.S. would "act firmly in defense of its national interests in response to actions by Russia that harm us or our allies."

Biden signs racial equity executive orders

Joe Biden prays at Grace Lutheran Church in Kenosha, Wisconsin, on September 3, 2020, in the aftermath of the police shooting of Jacob Blake. PHOTO: Jim Watson/AFP via Getty Images

President Joe Biden on Tuesday signed executive orders on housing and ending the Justice Department's use of private prisons as part of what the White House is calling his “racial equity agenda.”

The big picture: Biden needs the support of Congress to push through police reform or new voting rights legislation. The executive orders serve as his down payment to immediately address systemic racism while he focuses on the pandemic.