Quick Note: Intel Wants to Sell OnCue Internet TV Service for $500M
November 26, 2013 12:40 PM
comment(s) - last by
Intel wants to close the deal by the end of the year
Intel is trying to sell off its OnCue online pay-TV service for a reported $500 million and wants to complete the deal by the end of the year. Unnamed sources cited by
claim that Verizon Communications is one of the potential buyers of OnCue.
Intel has offered no official comment on the deal.
The main attraction of OnCue is its ability to deliver pay-TV programming over any high-speed internet connection without the need for a dedicated cable line. Intel has pumped a lot of resources – including dedicated hardware and software platforms -- into OnCue, but has faced challenges getting off the ground.
One of the big reasons the service failed according to industry sources is due to costs.
sources claim that licensing for paid programming cost Intel hundred of millions of dollars upfront under the terms Intel was able to get the chipmaker would have needed to outlay hundreds of millions of dollars up front regardless of whether the service was a hit or not with customers.
Intel CEO Brian Krzanich decided that the internet TV arm was a distraction for the company and has decided to make a
major push into mobile
internet-connected devices instead
This article is over a month old, voting and posting comments is disabled
11/26/2013 1:41:33 PM
Both Intel and MS (and supposedly Apple) have bet large on being able to provide a 'cable killer' service to customers. It seems that Intel is now folding, and MS has been hedging their bets on making the worlds most expensive IR Blaster rather than their own service.
I wonder if Apple will ever unveil something, or if the cable service providers have won this time around.
11/26/2013 2:38:55 PM
The content providers are the root problem. They want to be able to sell thier crap channels to the cable company along with the channels people actually watch, forcing the consumer to pay for content 95% of us never watch. Content provider sells advertising on the channel, and collects money from the Cable company and PROFIT. Why would they change this?
11/26/2013 7:47:48 PM
It's a bit misleading to say consumer are paying for content they don't watch.
Once a cable/sat company installs the ability to broadcast 500 channels, they barely save anything from a consumer only wanting 1 channel. Some popular channels have the leverage to charge significant subscriber fees, but most of the channels people don't watch cost providers almost nothing.
Same thing with content providers. The crappy channels have negligible running costs for Viacom, Time Warner, etc. Their goal is to maximize revenue with whatever pricing scheme they can get away with. Selling channels a la carte is unlikely to save you anything once they adjust prices.
Until a significant portion of the population stops ordering cable/satellite (and it may well happen in the next decade) and becomes a market worth luring back in, both content providers and cable/sat companies are more worried about existing customers switching to online. They'll resist it until they have no choice.
"And boy have we patented it!" -- Steve Jobs, Macworld 2007
Intel Creates New Division for Internet-Connected Devices
November 6, 2013, 9:21 AM
Intel Shake-Up to Focus on Mobile, New Devices
May 22, 2013, 11:04 AM
Chris Poole Retires From Role as 4Chan After a Decade of Success, Struggles
January 23, 2015, 1:45 PM
Study Shows People are Dumb as Ever With Passwords, Still Using "123456"
January 20, 2015, 3:19 PM
Site for "Glitter as a Service" Mail Pranks, ShipYourEnemiesGlitter, Launches
January 13, 2015, 2:22 PM
OS X Yosemite Compromises Security by Retrieving Embedded Email Images
January 13, 2015, 11:30 AM
ISIS JIhadi From NZ Accidentally Shares Location on Twitter, Outs Cohorts in Selfie
January 3, 2015, 11:35 PM
Amazon's Kindle Fire HDX 8.9 Drops to $299 (30 Percent Off) for a Day
December 22, 2014, 10:57 AM
Most Popular Articles
Microsoft Shows Off Latest Windows 10 Build, Preps it for Next Week Release
January 21, 2015, 2:57 PM
Under the Hood: How DirectX 11.3 and 12 Will Supercharge Windows 10 Gaming
January 23, 2015, 12:34 PM
IDC: 2014 Sales Show PC Isn't Dead, But Desktop May be Dying
January 19, 2015, 1:50 PM
Police are Using New Handheld Radar Sensors to Peer Into Houses w/out Warrant
January 20, 2015, 1:35 PM
Report: HTC One M9 (2015) is Tied to Under Armour-Powered HTC Smartwatch
January 19, 2015, 11:10 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information