It’s notable that analysts already are asking if Verizon will miss on estimates.
#Oncue group tv#
Although Intel Media, led by BBC and Microsoft veteran Erik Huggers, in 2012 high hopes of launching a set-top box and cable TV service, by autumn of last year there were already reports of a deal being brokered between Intel and Verizon for the unit, which never really got its services off the ground - largely, it seems, because of problems securing programming deals to pad out the technology with actual content. The move comes at a time when Verizon continues to see declines in its traditional fixed-line voice business - that’s the trend that drove carriers like Verizon over to building out enhanced broadband services like its FiOS TV service in the first place, and those trends show no sign of abating.īut it also raises the question of whether Verizon will be able to use and fly with what Intel has created, when Intel has not.
Terms of the deal have not been disclosed but were reportedly in the range of $500 million when the deal was being reported in November 2013. It has acquired Intel Media, a group of cloud TV assets that includes the OnCue Clould TV platform - widely considered a failure for never getting off the ground, leading Intel to see a buyer. As Verizon gears up to report its quarterly results later today, the company has jumped a little deeper into the TV services pool.
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