But he told Reuters he advised his staff on Thursday that he was leaving the company. The long and short of the deal was that Verizon was taking on board Intel’s yet-to-be-launched OnCue Internet-based TV platform. With the acquisition, Huggers and many of his employees moved over to Verizon, where he hoped to launch the service to consumers. Intel had nothing to do with the shortage of car chips. 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. Intel's retreat from streaming TV was a disappointment to people in Silicon Valley who hoped the technology company could break open a market tightly controlled by a handful of cable and entertainment conglomerates. Intel ( INTC -8.56) recently launched Intel Foundry Services, a new division of its internal foundry that will manufacture third-party chips. Seen by some as a bold attempt to revolutionize TV and others as a distraction from Intel's chip business, Intel CEO Brian Krzanich pulled the plug and put the unit up for sale before it was launched. Verizon 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. AT&T in April teamed up with Peter Chernin Group, with the pair committing to invest US$500 million (€360 million) in OTT services.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 Huggers' departure and in regards to its strategy said, “We obtained a strong combination of technological and personnel assets from Intel Media. (Pocket-lint) - Intel has announced that its selling off Intel Media - the company behind its failed OnCue pay-TV service - to Verizon. Rival operators are meanwhile pushing ahead with their own OTT initiatives. Last it rolled out FiOS Quantum TV, which allows viewers to record up to 12 shows at once and pause or rewind on any TV in the home, in Massachusetts, Rhode Island and southern California. After all, he had a small army of 300 at work and more than 2,000 Intel employees testing OnCue, a new box and service that would allow users to watch live TV, on-demand video, and other. See insights on Oncue including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Verizon has recently been focusing on the rollout of a higher-tier DVR offering as part of its FiOS TV service. Oncue has 5 employees at their 1 location and 11.3 m in total funding. Verizon also said it expected to integrate IP-based web TV services with its existing hybrid FiOS TV service.įollowing Huggers’ announcement of his departure, Verizon said that it still intended to use the OnCue technology and staff going forwards to grow its business. Verizon chairman and CEO Lowell McAdam said at the time that the OnCue platform would help it “bring next-generation video services to audiences who increasingly expect to view content when, where and how they want it”. Intel is preparing to launch an over-the-top (OTT) TV service available through a dedicated set-top device which will be called 'OnCue,' according to a new report from GigaOM. Intel is planning to sell its yet-to-be-launched online pay-TV service OnCue for 500 million, Bloomberg reported on Monday. Intel sold its Intel Media division to Verizon in January, with most of the 350 staff involved in the project moving to the new owners. Huggers, who worked on the Intel project for two years, told Reuters at the end of last week that he is to quit Verizon, a move seen as a sign that the telco is losing interest in launching an internet-delivered TV service. The company has applied for trademarks for OnCue around the globe and tasked ad agency OMD to prepare the official introduction of the brand. Erik Huggers, the former chief of Intel’s OTT TV initiative, is to leave Verizon five months after the US telco acquired the OnCue platform from the chipset giant. Intel’s TV service, which the company’s Intel Media unit plans to launch before the end of the year, is going to be called OnCue, GigaOM has learned.
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