FiOS customers are also expected to benefit from what the company calls “elegant search and discovery, interactivity and cross-screen ease of use” integrated with the Verizon LTE network.
#Oncue intel tv#
Once the transaction closes, Verizon plans to integrate IP-based TV services with its FiOS-based video service in order to further differentiate FiOS from traditional cable TV and reduce costs of deployment. Financial details have not been disclosed, but it has been reported that Verizon paid around $200 million for Intel Media, which had been looking for $500 million. Pending regulatory approval, the deal is expected to close within the next several weeks. The operator will also make job offers to the approximately 350 people who work at Intel Media, the activities of which will continue to be based in Santa Clara, CA and to be led by the current management team. Verizon will purchase the intellectual property rights to Intel’s OnCue Cloud TV platform and other assets pertaining to it.
Verizon says it will use Intel Media’s technology to develop next-generation video services that will be delivered over its FiOS fiber-optic network, as well as “over the top” to any connected device. chipmaker Intel that develops online-TV products and services. Prime Day TV Deals: What to expect from the October saleīest Prime Day Deals: Early Prime Day October offers live nowįirst non-Samsung Tizen OS TVs are here, but not in the U.S.Verizon has agreed to purchase Intel Media, a division of U.S. We’ll keep our eyes peeled on this evolving story, so stay tuned to find out what happens next. It already has the TVs, right?Īt any rate, if Intel can accomplish its goal by year’s end, the long awaited implementation of the OnCue system could be close at hand. Verizon’s cozy relationship with competing cable providers could handicap Intel’s original vision for the device, while London-based Liberty Global would purportedly take OnCue, well, global. The acquisition of OnCue by any one of the three companies now in the running will no doubt have strong repercussions in the world of streaming media, and therefore, for all of us. Intel also plans to do what it does best once the sale is finalized, providing the chips that run the OnCue device to whichever company makes it rain. It’s unclear whether Intel will be able to get its mammoth asking price, but the company is reportedly looking to unload the system by the end of the year, so it may be ready to deal. Both Samsung, and international cable juggernaut, Liberty Global, have purportedly met with Intel about purchasing the system, though it appears Verizon is still the front-runner.
#Oncue intel license#
And according to the report, the company could potentially find a way to amend its current deals to license content for the new OnCue service, thus extending the communications giant’s lengthy reach into whole new realms of the TV and streaming landscape.īloomberg’s sources also said that other potential buyers have been meeting with Intel to kick the tires on the OnCue system. So OnCue was left without a key component to its grand design.īut Verizon’s Fios already has ties with those content providers, as well as with other competing cable services. The company was unable to secure deals with TV content providers for a number of reasons, not the least of which was providers’ concern that signing licensing deals with Intel could complicate their relationships with standard cable and satellite services. That revolutionary design is partly what kept Intel from going forward with the service in the first place, however. Basically, it’s like a Roku that also offers cable. The system would offer customers a tantalizing combination of TV, streaming apps, and apps for mobile delivery, all from a single delivery system that connects to your home’s network. Intel’s OnCue system bypasses traditional cable delivery systems that require hardwired connections and territorial installation to provide both live TV and previously aired streaming content over any high-speed internet connection. A report by Bloomberg sites unnamed sources who said Intel is asking for the hefty sum to recover the costs associated with developing its new service. Now we know what Intel wants for its prized device: a cool $500 million. Last month we told you about Intel’s plans to back-out of the over the top (OTT) video streaming business, setting up negotiations with Verizon Communications to sell its visionary cable/streaming box, OnCue.
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