Intel (INTC +1%) confirms it has a Web-based TV service in the works: Intel Media GM Erik...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC +1%) confirms it has a Web-based TV service in the works: Intel Media GM Erik Huggers says the service will launch this year, and rely on a set-top featuring a camera. VOD and DVR capabilities will be supported, as will Web apps, but (in order to keep content providers happy) a la carte subscriptions won't. Asked why the chip giant is launching the service, Huggers states "Intel is very interested in [having] a direct connection to the consumer." (prior reports: I, II)