Intel reportedly mulling sale of TV business to Verizon
Editor | 31-10-2013
In what would be a staggering blow to the company and all those involved, Intel is reportedly in discussion to sell its next-gen TV business to Verizon before it has even launched.
Much excitement has to date surrounded the chip giant’s plans to enter the TV market. Some analysts have commented that the project to develop over-the-top (OTT) services headed by former BBC iPlayer chief Eric Huggers had the potential to change the competitive nature of the pay-TV market.
Yet first rumblings of trouble for the project, said to have the brand OnCue, arrived in July 2013 when newly appointed Intel CEO Brian Krzanich cast doubt on its long-term viability. Even though he thought that Intel had created a "game-changing” device, a state of the art set top box essentially, Krzanich admitted that the company lacked experience in what he described as the most important aspect of the TV business: content. “In the end it's about content," Krzanich commented. "We are not good content players and we do not have a good content user base right now."
Such doubts have led to the point where not Intel is said to be in advanced discussions to sell the TV business to communications giant Verizon which would likely add the technology to its fast growing FiOS fibre-optic TV business line for which it crucially has content relationships with key broadcasters.
Despite widespread reporting of the news which broke in US news outlet All Things D, both Intel and Verizon have to date declined to comment.