Intel reportedly set to abandon TV project, sell assets to Verizon

Sources tell AllThingsD control of Intel Media, the unit responsible for Intel's (INTC) Web TV service project, could soon be handed off to FiOS provider Verizon (VZ). It isn't clear if Intel would hold onto some of the unit's assets.

There were multiple reports last month Intel's project, which was met with skepticism from the start, was in dire straits. Content licensing talks proved difficult amid hostility from pay-TV providers worried about new competition, and from all indications, new CEO Brian Krzanich hasn't viewed the project as a priority.

If Verizon was to acquire Intel Media, its FiOS division could find some use for the set-top software/UI and cloud DVR tech the unit was working on. Intel Media acquired three startups to assist with its software efforts.

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Comments (9)
  • Dividend Surfer
    , contributor
    Comments (50) | Send Message
    Yes! Glorious day! Great news.
    30 Oct 2013, 09:29 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
    Its probably best thats a fight that will take an act of congress to work
    30 Oct 2013, 09:34 AM Reply Like
  • Drew Robertson
    , contributor
    Comments (373) | Send Message
    Great news for vederetv
    30 Oct 2013, 09:44 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1376) | Send Message
    Never understood why INTC went into this area. Good move and now resources and management can focus on core business. Perhaps this frees up R&D money to better development of products.
    30 Oct 2013, 09:48 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
    I think it has some potential as tvs, receivers, etc need various chips which could boost intels core business while creating some breadth to its product offerings. And its an industry that is in desperate need of innovation from top to bottom, (Menus suck or are user unfriendly, software is slow and clunky, etc...).


    I think it'll just to much time/money/effort that is better spent elsewhere.
    30 Oct 2013, 09:52 AM Reply Like
  • jameskm03
    , contributor
    Comments (110) | Send Message
    Interesting. Just because it's sell/give it to VZ doesn't mean they can't sell hardware if VZ can pull the product to completion and offer it up through their FiOS services. Of all the scenarios that could have happened from that unit this is actually a non-negative one.
    30 Oct 2013, 09:54 AM Reply Like
  • TBoone
    , contributor
    Comments (35) | Send Message
    thank god!
    30 Oct 2013, 09:54 AM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3554) | Send Message
    Meh I guess this is great for Intel as hopefully the Verizon channel will provide a hardware revenue source, but at the same time still bad for consumers as we are stuck with the same slew of choices on cable where you only want 2 channels but get stuck paying for 100 of them that you don't watch anyway.


    Those of us who cut the cable cord aren't going back until a la carte options are provided, until then cable will continue to lose customers to Netflix and Hulu.


    $8 a month vs. $100 the choice is pretty easy.
    30 Oct 2013, 01:12 PM Reply Like
  • Chiipy-Nostradamus
    , contributor
    Comments (100) | Send Message
    Phew !!!
    31 Oct 2013, 01:33 AM Reply Like
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