Future of TV? Not from Intel. AllThingsD is reporting that the chipmaker is handing its web-based streaming service project over to Verizon.
Intel had confirmed back in February that it had a massive streaming TV project in the works, and apparently it was willing to pay buttloads of money for the content deals to make it happen. It was even rumored that Intel's negotiations had been successful. But, rumors are rumors and considering securing deals with cable companies has been the major hurdle for pretty much every company with streaming TV ambitions has, it's likely that the inability to actually lock them down is what derailed Intel.