Intel pulls plug on internet TV due to lack of content deals

Chip maker Intel announced back in February 2013 that the company will try their luck in the Web TV market. Now, the company is reportedly planning to sell off the Intel Media business unit to Verizon. Why did things change?

Intel CEO Brian Krzanich told Recode that the project wasn’t getting the necessary content deals despite the product being a “great device” equipped with “great technology.” “When you go and play with the content guys, it’s all about volume. And we come at it with no background, no experience, no volume,” he said.