Sharp, Sony, M’shita To Set Up Digital TV Video Service JV; Invest $9 Million


Not sure how this will look like, since couldn’t find the original release: Major Japanese electronics manufacturers including Matsushita, Sony, Sharp, Toshiba and Hitachi will set up a joint venture to provide what essentially sounds like an IPTV service… A total of six companies will invest Y1 billion (about $9 million) to set up a company by July 7.
Matsushita will hold a 35% stake, while Sony Communication Network Communication Network Co., which provides an Internet-connection service, will a take 25% stake. Sony, Sharp, Toshiba and Hitachi will hold 10% each.
If anyone has any more details, post in comments below.

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