2/20/2023 0 Comments Oncue intelVerizon had previously said OnCue would help it offer video over its Fios fiber-optic infrastructure as well. We intend to strategically utilize the OnCue technology and talent going forward to grow our business. While other companies have been talking up their plans to deliver such a service, a source familiar with the matter said that Verizon was now moving away from the OTT strategy and that the departure of Huggers, who was a proponent of an Internet-only service, reflected that.Ī Verizon spokesman confirmed Huggersâ departure and in regards to its strategy said, âWe obtained a strong combination of technological and personnel assets from Intel Media. Written by Andre Yoskowitz 7:22 Two years ago, Verizon acquired what was left of Intels failed OnCue IPTV service and it appears they are now on the verge of launching a set-top box built on Intels foundations. The former BBC executive, who told Reuters on Friday he is departing the company, had worked on OnCue for Intel for more than two years before Verizon bought it in January to accelerate a push into video services, including TV channels delivered over the Internet, known as an âover the topâ, or OTT, service. Intel Media sale looks increasingly inevitable, TV contracts on hold Intel is getting ready to sell its yet-to-be-launched OnCue TV service, and Verizon is emerging as the most likely buyer. Intel CEO Brian Krzanich says that with the sale his company can further align our focus and resources around our broad computing product portfolio in segments ranging from the Internet-of-Things to data centers.A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana May 9, 2012. Verizon will also make employment offers to substantially all of the approximately. It will keep the current OnCue management team in place and offer jobs to âsubstantially all of the approximately 350-person Intel unitâ which will stay in Santa Clara, CA. Verizon will purchase intellectual property rights and other assets that enable Intels OnCue Cloud TV platform. The company initially planned to launch the service by the year-end, but. After all, as Intel executives may have discovered, it is not really a hardware problem, or even a software problem. Then again, Verizon may not need an Intel solution, with Intel processors inside. Intel had nothing to do with the shortage of car chips. Intel is planning to sell its yet-to-be-launched online pay-TV service OnCue for 500 million, Bloomberg reported on Monday. Adopting the Intel Media OnCue package could enable Verizon to expand nationally beyond the footprint of its fibre optic network. Does Intel manufacture their own chips Also, Intel doesnt produce chips for cars, at least not yet. It kicked off that expansion with a 20 billion. Verizon CEO Lowell McAdam says that it âprovides us with the capabilities to build a powerful, capitally efficient engine for future growth and innovation.â The company adds that it expects to âintegrate -based TV services with FiOS video to further differentiate FiOS from traditional cable TV offerings and to reduce ongoing deployment costs.â In addition, the company will integrate the service with its wireless 4G LTE network. Intel ( INTC -8.56) recently launched Intel Foundry Services, a new division of its internal foundry that will manufacture third-party chips. Intel was believed to want $500M for its platform, but the companies didnât offer financial terms for the widely anticipated deal, expected to close by the end of March. Developed and lead the launch of Intel Mediaâs groundbreaking new consumer device, OnCue an over-the-top TV service joining streaming-video players and a full array of Network and Cable TV channels, he wrote. Intel had hoped to move in to that emerging platform - it has a lot invested in the set-top boxes its OnCue service would use - but was unable to secure licensing rights for popular services at competitive prices. Erik Huggers is leaving Verizon Communications Inc just five months after joining the company via the acquisition of the Intel Corp OnCue streaming service he developed. OMDâs Intel account director recently revealed their role in the newâs productâs development in a line on his resume.The deal positions Verizon to become a player in a new market for pay TV where channels are transmitted over the Internet. The former BBC executive, who told Reuters on Friday he is departing the company, had worked on OnCue for Intel for more than two years before Verizon bought it in January to accelerate a push. Verizon said its acquisition of Intelâs TV division will allow it to take advantage of OnCue, technology developed at Intel that allows viewers to browse through a bundle of TV channels with a. Verizon Agrees To Buy Intelâs OnCue Streaming Platform
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