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#Business

Intel mulls TV service exit

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Intel is planning to exit television service market even before rolling out its own service by selling off its Intel Media unit to Verizon, sources familiar with the matter have claimed.

All Things D is reporting that Intel is having second thoughts about its yet to be rolled out television service and is already in advanced stages of talks with Verizon Communications for a possible hand over of the business.

It is not clear whether the silicon company will be handing over the entire Intel Media division or it will hold a part of the business. Verizon already provides TV service through its FiOS unit and should this partnership materialize, it will be a reasonable one.

Earlier this year, Intel announced its OnCue service comprising of hardware and software that allows users to watch live TV, streaming content as well as on-demand TV. The service was to be launched this year itself, but because of issues related to content deals Intel delayed the launch to 2014.

Apple, Google, Sony and Microsoft have already positioned themselves in users living rooms through different product offerings while Netflix and Amazon provides streaming video services to millions of subscribers. Intel would have a lot of competition from day one of launch and if the company is indeed able to sell off its TV service to Verizon, “it will mark the end of an odd chapter in the company’s history”, notes All Things D.