Verizon CEO says OnCue will launch by mid-2015
Verizon CEO Lowell McAdam wants to steal customers away from cable TV with a mix of major broadcast and online content.
Verizon CEO Lowell McAdam wants to steal customers away from cable TV with a mix of major broadcast and online content.
OnCue’s boss Erik Huggers is out at Verizon, and he isn’t alone: at least four other executives have left Verizon, or decided not the join the company when the OnCue acquisition closed.
For Comcast, the big money may be in Time Warner Cable’s broadband subscribers. But for its competition, the pressure is on to reinvent TV.
Intel had it all: An A-list team, an intriguing product and even a number of contracts with TV networks, just waiting to be signed. So why did the company end up selling its OnCue TV service to Verizon?
Verizon is buying Intel Media’s assets to build out its own FiOS service and eventually also offer TV over the internet. But behind all of this is one big plan: to take on former ally Comcast.
Verizon is buying Intel Media, the Intel unit that has been developing an internet-based television service called OnCue.
http://www.bloomberg.com/news/2013-12-13/verizon-said-near-agreement-to-buy-intel-s-start-up-tv-service.html
Verizon (s VZ) is close to inking a deal with Intel (s INTC) to buy the chip maker’s yet-to-be launched online TV service OnCue, according to a Bloomberg report. Intel originally planned to launch the service by the end of the year, but the company’s new CEO Brian Krzanich decided that Intel shouldn’t be in the TV business, after all. Bloomberg reports that Verizon wants to use the unit to offer TV services outside of its market footprint, but it’s still unclear how exactly such an offering would look like.
Is Intel looking to get rid of its TV project, or get a partner on board to finally get it launched? The company is talking to Verizon to explore either of those options.
Intel may be ready to partner with Samsung or Amazon to get its TV service off the ground, but it’s unclear how exactly such a partnership would look.
How did Intel Media manage to scale from zero to a nearly-finished pay TV service in less than two years? Part of it were a few key acquisitions.