Further details have emerged of the Redbox Instant by Verizon online entertainment joint venture formed between US telco Verizon and retail solutions specialist Coinstar. Eric Bruno, Verizon’s vice president of strategy and planning for consumer and mass business markets, told Bloomberg that the service would offer subscription streaming, movie sales and rentals by Christmas, along with DVDs from the local [...]
Following the February 2012 announcement that US telco Verizon and retail solutions specialist Coinstar had formed a joint venture in the online entertainment marketplace, further details have emerged, including product name, logo and leadership team. The operation will provide nationwide competition in the OTT and physical and digital markets for Netflix. Redbox Instant by Verizon is slated to launch later [...]
As reported by Advanced-Television.com last week, Sony and Panasonic will mount a joint venture to produce new tech OLED screens, the two companies have confirmed. So-Pa-based OLED-based HDTV sets will flow into the market later next year, although some time later than rivals Samsung and LG. The joint press release says: “Sony Corporation (“Sony”) and Panasonic Corporation (“Panasonic”) today announced [...]
The existing joint-venture between Viacom and India’s Network-18 group has been restructured into IndiaCast which will now take care of distribution of the operation’s channels in India and overseas. Anuj Ghandi will head up the 26-channel operation as CEO. The concept is that IndiaCast will create India’s first multi-channel, multi-platform ‘Content Asset Monetisation’ business, and oversee distribution onto cable, DTH, [...]
French media and entertainment technology specialist Technicolor hopes to find a partner for its loss-making set-top box business this year and is in talks with several parties, its chief executive Frederic Rose told Reuters. The company is also seeking to dispose of its French set-top box (STB) factory – where a planned production shutdown threatens 350 jobs – by the [...]
Royal Philips Electronics has announced the creation of a joint venture with TPV Technology Limited of Hong Kong. The JV will be called TP Vision and will be 70 per cent owned by TPV and 30 per cent by Philips. TP Vision will develop, manufacture and market Philips branded TV sets. TP Vision, with headquarters in Amsterdam, will be led [...]
Canoe Ventures, the advanced television joint venture of the US’s leading cable companies, is shutting down the bulk of the venture that lets viewers interact with TV ads, laying off 120 employees. It will shift its operation from New York to Denver, where it will concentrate its resources and efforts solely on video-on-demand advertising. In a statement, newly-appointed Canoe Ventures [...]
DVR specialist TiVo and STB maker Pace have revealed plans to port TiVo’s software to Pace’s set-tops and gateways. The initiative is designed further to enable operators around the world to deploy quickly and cost-effectively the TiVo consumer experience to a selection of Pace devices. “This global partnership with Pace is another step in achieving our constant goal of providing [...]
Online entertainment service Netflix is to face nationwide competition in the OTT and physical and digital markets with the news that US telco Verizon and retail solutions specialist Coinstar are forming a joint venture designed to create a new choice for quality- and value-conscious consumers seeking a simple and affordable way to access the video entertainment they crave. The venture’s [...]
At a recent investor meeting held by Shanghai BesTV, executives said that the Shanghai Media Group IPTV subsidiary was continuing its partnership talks with CCTV’s national online TV station CNTV. Executives added that China’s State Administration of Radio, Film and Television (SARFT) had expressed the hope that BesTV and CNTV would partner to form China’s sole IPTV operator, with BesTV [...]
