Intel reportedly looking to sell its online Pay-TV service for USD 500 Mn

intelIntel is reportedly looking to sell the technology behind its never launched online pay-TV service ‘OnCue’ for as much as USD 500 Mn, says a report on Bloomberg which cited unnamed sources.

Originally expected to debut by the end of 2013, it took more than two years of development to make a set-top box and service that would challenge incumbent cable and satellite TV services. Apart from creating set-top boxes for the platform, Intel, during the course of working on the project, developed mobile applications for smartphones and tablets from which subscribers would be able to stream content.

Intel is trying to find a buyer of this service by the end of this year, and according to Bloomberg, Verizon Communications, a New York based broadband and telecommunications company, has begun talking to other owners of broadcast and cable TV channels about the terms it would offer for a streaming TV service.

OnCue is able to provide pay-TV programming over any high-speed internet connection, making it a threat to cable-TV services that deliver shows over dedicated lines installed by territory. The service could also affect the market of several dish-TV operators.

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