Intel sells TV business to Verizon

Intel has agreed to sell its cloud TV division, Intel Media, to Verizon, after failing to bring its much-anticipated OnCue TV service to market following more than two years of development.  The deal, which was agreed for undisclosed terms, includes all the intellectual property rights and assets related to Intel’s OnCue Cloud TV platform. Verizon […]

Verizon and Intel ‘close to agreeing TV deal’

US telco Verizon is reportedly close to agreeing a deal with Intel to buy the latter’s internet-based TV business.   Bloomberg reported that the deal could close as soon as this week, while The Wall Street Journal said separately that Verizon may pay less than US$200 million (€145 million) for the OnCue asset. Intel was […]

Verizon to buy content delivery network provider EdgeCast

US telco Verizon has agreed to buy content delivery network (CDN) provider EdgeCast, in a bid to “deepen and enhance its video delivery and web services capabilities.” Verizon said that the deal will see Verizon Digital Media Services integrate EdgeCast in order to meet the “exponential growth in online digital media content,” and to “broaden […]

Intel reportedly seeking US$500 million for TV business

Intel is reportedly seeking roughly US$500 million (€369 million) for its OnCue internet TV business, as it tries to shed the yet-to-launch asset. According to a Bloomberg report, Intel is aiming to reach a sale by the end of the year, with Verizon, previously reported to be a front runner for the service, now said […]

Intel reportedly close to selling web TV business to Verizon

Intel is reportedly close to signing a deal to sell Intel Media – the division tasked with building its web-based, subscription set-top TV service – to US telco Verizon. According to an All Things D report, which cites people familiar with the talks, the two firms are in “advanced negotiations” though it is unclear whether […]

Arris appoints former Verizon exec to board

Technology provider Arris has appointed Doreen Toben, the former chief financial officer of US telco Verizon, to the board of directors.  Toben held the CFO role between 1992 and 1999. In February 1999 she became executive vice president of Verizon until her retirement in June the same year. A 30-year telecoms veteran, Toben also previously […]

Verizon looking for national reach with Redbox Instant service 

US telco Verizon is moving ahead with plans to develop Redbox Instant, its new UltraViolet-enabled service combining multiscreen digital delivery with physical media, according to Patricia Lynch, head of content strategy and acquisitions at the company. Warner Bros recently signed a deal to provide titles via video-on-demand and electronic sell-through for the service, a joint […]

TiVo and Verizon settle litigation

DVR technology company TiVo has settled its patent litigation with Verizon Communications and the companies have entered into a mutual patent licensing arrangement. Under the terms of the settlement, Verizon will pay TiVo compensation to the tune of US$250.4 million (€193 million), comprising of a US$100 million initial cash payment followed by recurring quarterly payments […]

Verizon magics up Viewdini app

US telco and IPTV operator Verizon has launched a 4G video aggregating application that allows users to watch content from several streaming sites on their mobile devices. The Viewdini app was unveiled at The Cable Show in the US. It will allow users to easily search premium and free content from Comcast Xfinity, Hulu Plus, […]

Verizon could acquire Netflix

Verizon is reportedly considering a plan to acquire online video service Netflix as it looks to enter the video streaming market. The move, which was first reported via investor research firm Dealbreaker, would be a hugely significant development in the online video market and comes after a tough few months for Netflix, which abandoned plans […]