Softbank, like AOL/TWX, is busy, on content, which is will continue to be in shortage. PCCLF needs everything for their broadband, but more ways than one to do broadband.
QUOTE
Saturday, February 12, 2000
Fuji TV, 3 Others Jointly Set Up Satellite Movie Firm
TOKYO (Nikkei)--Three Japanese companies and one Australian firm have set up a joint venture to transmit Japanese digital movies via communications satellite, sources close to the companies said Friday. The firms are Fuji Television Network Inc. (4676), Sony Corp. (6758), Softbank Corp. (9984) and News Corp.
The venture is capitalized at 400 million yen, with each partner contributing a 25% stake. The company will in April take over two Japanese movie channels, including a channel which screens historical plays, from Sky Entertainment Corp., a Tokyo satellite channel provider which is currently jointly owned by the four companies.
The new firm, which aims to become a big fish in the satellite movie broadcasting business, will solicit participation from Japanese movie production firms, the sources said.
Sky Entertainment will on April 1 merge with J Sports, a channel provider affiliated with Sumitomo Corp. (8053) to specialize in offering sports programs.
The viewing charges and contents of the two Japanese movie channels presently offered by Sky Entertainment will remain unchanged for some time after being transferred to the joint venture. The two channels had 304,000 and 302,000 subscribers each as of Jan. 31.
(The Nihon Keizai Shimbun Saturday morning edition)
UNQUOTE |
