Softbank in a Movie TV Buy For Broadband

Japanese Net company Softbank plans to buy the TV distribution operations of Movie Television, giving the company access to video content as it vies for leadership in Japan’s high-speed Internet services market.

The distributor has filed for bankruptcy protection with 38 billion yen ($355 million) of debt.

Softbank’s purchase may give it more video and music content to sell online in Japan’s high-speed. Rival NTT has allied with Walt Disney and other entertainment companies to provide games and video-clips. Softbank has 4 million users for its Yahoo! BB Internet service.

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