Verizon is close to purchasing Intel's streaming pay-TV startup OnCue.
Verizon, the second-largest U.S. communications company, will use OnCue to extend its pay-TV offering beyond the geographic footprint of its FiOS fiber-optic service. That could shake up pay TV, by bringing more competition to cable companies that dominate territories, as well as satellite companies with wide coverage that lack the interactive capability of the Web.
“It has the potential to change U.S. pay-TV forever,” said Andy Hargreaves, an analyst with Pacific Crest Securities in Portland. “Untethering the linear video service from the network could dramatically increase competition.”
Read more at OregonLive.com.