Ron Burgundy Posted May 30, 2014 Share Posted May 30, 2014 By Noel Randewich and Liana B. Baker SAN FRANCISCO/NEW YORK (Reuters) - Erik Huggers is leaving Verizon Communications Inc just five months after joining the company via the acquisition of the Intel Corp “OnCue†streaming service he developed, signaling the communications giant’s waning interest in providing an Internet-delivered TV service. The former BBC executive, who told Reuters on Friday he is departing the company, had worked on OnCue for Intel for more than two years before Verizon bought it in January to accelerate a push into video services, including TV channels delivered over the Internet, known as an "over the top", or OTT, service. While other companies have been talking up their plans to deliver such a service, a source familiar with the matter said that Verizon was now moving away from the OTT strategy and that the departure of Huggers, who was a proponent of an Internet-only service, reflected that. View the full article Quote Link to comment Share on other sites More sharing options...
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