Intel, who has long tried to create a Web-based subscription TV service, is reportedly preparing to hand over controls to the project to Verizon.
The sources say the two companies are in end stage negotiations, but it's unclear whether Verizon would take over the entire Intel Media unit, or if Intel would keep some creative control.
In 2011, Intel began its venture into Web TV by hiring Erik Huggers, who previously led web video for the BBC. Huggers was put in charge of creating an Intel-built set-top box and an Intel-branded pay TV service that could be accessed via desktops, the set-top or other Internet-connected devices.
As expected, Intel had issues gaining content for the "OnCue" service due to its lack of connections in the industry, and a mid-July 2013 launch was pushed back indefinitely.
Intel then began looking for strategic partnerships to help distribute OnCue, talking with Netflix and Amazon to no avail. Verizon, on the other hand, already offers pay TV via FiOS and also offer Redbox Instant, a movie rental service.
In 2011, Intel began its venture into Web TV by hiring Erik Huggers, who previously led web video for the BBC. Huggers was put in charge of creating an Intel-built set-top box and an Intel-branded pay TV service that could be accessed via desktops, the set-top or other Internet-connected devices.
As expected, Intel had issues gaining content for the "OnCue" service due to its lack of connections in the industry, and a mid-July 2013 launch was pushed back indefinitely.
Intel then began looking for strategic partnerships to help distribute OnCue, talking with Netflix and Amazon to no avail. Verizon, on the other hand, already offers pay TV via FiOS and also offer Redbox Instant, a movie rental service.
