Feeds

Intel offloads home-grown internet TV system to Verizon

Chipzilla hands over keys, staffers of the pay-telly service it gave up on

Top 5 reasons to deploy VMware with Tegile

Intel has managed to offload its pay-TV startup OnCue, after deciding last year it would rather sell it off than try to launch the service itself.

Chipzilla's offshoot, now called Intel Media, has gone to Verizon Communications, the second-largest telco in the US, which plans to merge it into its existing internet telly offering.

The companies didn't disclose the financial terms of the deal, but they said in a statement that Verizon would be hanging on to the subsidiary's 350 or so employees and that the intellectual property rights and other assets of OnCue were a part of the deal. When the service went on the block last year, reports put the price tag at somewhere around $500m.

Verizon was suggested as a potential buyer in November last year, when other potential suitors were rumoured to include Samsung and Liberty Global. Intel was supposed to be launching OnCue itself, but new CEO Brian Kranich decided he wanted to focus on making sure the company's biggest earner, chips, made the transition from PCs to mobile devices.

The idea behind the service is to provide paid-for television over a high-speed internet connection and the system includes servers, set-top boxes and applications to get TV programmes onto tellies, mobes and fondleslabs. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.