Verizon dips another toe into online-video programming

LOS ANGELES — Could the next “House of Cards” be coming to your phone?
That’s what Verizon hopes now that it’s paid more than $100 million for a piece of the online-video studio AwesomenessTV. It’s the latest attempt by a maturing, mainstream corporation to find growth in non-traditional video programming that can reach younger audiences on smartphones and tablets.
In 2014, for instance, Disney acquired online-video producer Maker Studios for a tab that eventually hit $625 million. An AT&T joint venture bought Fullscreen, a similar production company, for an undisclosed sum the same year. Hollywood’s DreamWorks Animation bought AwesomenessTV in 2013, paying

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