Verizon lastly takes management of Intel’s doomed web TV service
Intel’s whirlwind fling with IPTV has come to an finish, as all its belongings from the sick-fated OnCue challenge have been bought to Verizon. Began lower than a yr in the past to create a product with “lovely industrial design” that would stream films, TV exhibits and different media, it shortly fell out of favor with Intel brass. Following rumors it will be killed, a potential Verizon deal was reported, which has now been finalized for undisclosed phrases. Verizon will get all associated mental property and stated that each one 350 Intel staff engaged on the undertaking will probably be retained. It added that it already has in depth content material and buyer relationships for video supply — a reported stumbling block for Intel — and can use the tech “to raised serve audiences on all kinds of units.” We’re unsure if that’ll embrace any tie-ins to Huge Purple’s Redbox On the spot streaming service, which hasn’t precisely made the likes of Hulu or Netflix nervous (but).