% | $
Quotes you view appear here for quick access.

Intel Corporation Message Board

  • wallisweaver wallisweaver Mar 25, 2013 9:05 PM Flag

    Intel Said Nearing Media Company Deals for Pay-TV Service

    Intel Corp. (INTC) is making progress in talks with Time Warner Inc. (TWX), NBC Universal and Viacom Inc. (VIAB) to obtain TV shows and films for a first-of-its kind online multichannel pay-TV service, according to people with knowledge of the situation.

    Intel, the world’s largest chipmaker, is negotiating financial terms with the companies, according to the people, who sought anonymity because the talks are private. The media companies have signed off on the broad outlines of the proposed service, said the people, with some aspects still to be settled. Other network owners aren’t as far along, they said.

    Networks such as Time Warner’s CNN, NBC’s USA Network and Viacom’s MTV would give Intel critical mass to offer consumers an alternative to established TV services. Using its own set-top box, Intel plans to offer an online service this year, Erik Huggers, vice president of Intel’s digital home group, said last month. That would represent a new challenge to incumbent operators like Comcast Corp. (CMCSA) and DirecTV.
    Intel is betting it can create a more flexible service, one that gives consumers more choices over the channels they receive, along with an easier-to-use electronic programming guide, Huggers said.

    The chipmaker is about to begin financial negotiations with News Corp. (NWSA), owner of the Fox film and TV businesses, two people said. Discussions with Walt Disney Co. (DIS) and CBS Corp. (CBS) are at a more preliminary stage, according to the people.

    From Bloomberg

    SortNewest  |  Oldest  |  Most Replied Expand all replies
35.15-0.28(-0.79%)Oct 21 4:00 PMEDT