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PPTV Formed Alliance with CNTV SubsidiaryFeb 21, 2012 (SinoCast Daily Business Beat via COMTEX) -- PPTV Network TV jointly announced on February 21 with national web-based TV broadcaster China Network Television (CNTV) subsidiary Future TV Co., Limited (transliterated) that the two parties formed strategic alliance. According to the announcement, the two sides in the future will form strategic partnership in the field of IPTV (Internet Protocol Television) and will also launch cooperation in such sectors as content operation and cloud technology for videos. Besides, PPTV's content resources will also be injected into the integrated broadcasting platform of Future TV Co., Limited. President of PPTV Network TV stated that under the implementation of the national policy of three networks (telecom network, Internet network and cable TV network) into one, it has become an irresistible trend for the Internet TV business to develop rapidly. The current fast growth in user scale is a market signal for the Internet TV industry. Within the deepening of cooperation in industrial chain in the future, the Internet TV industry will surely usher in a new era. Future TV Co., Limited is a subsidiary of CNTV, focusing on the expansion of Internet TV business. The company is capable of providing live broadcast for more than 140 television channels, which could offer time shift and playback functions as well as 450,000-hour request programs for audiences. PPTV Network TV is a media platform under Shanghai SynaCast Media Tech. Co., Ltd, serving global Internet users and providing broadcasting functions for video webpage terminals, PC clients, iOS and Android-platform-based mobile terminals. Source: www.hexun.com (February 21, 2012) |