China Digital TV Announces Strategic Cooperation Agreement with Jishi Media
BEIJING, Feb. 27, 2014
BEIJING, Feb. 27, 2014 /PRNewswire/ -- China Digital TV Holding Co., Ltd.
(NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of
conditional access ("CA") systems and comprehensive services to China's
expanding digital television market, today announced that it has reached a
strategic agreement with Jishi Media Co., Ltd. ("Jishi Media") to
cooperatively develop value added services ("VAS") in Jilin Province.
According to the agreement, China Digital TV and Jishi Media will establish a
long-term strategic relationship and leverage their respective strengths to
jointly develop VAS services, including cloud games, cloud motion-sensing
games and OTT multi-screen interactive offerings. Jishi Media will provide
technical support in the areas of cable network resources, and its large
customer base in the province. Meanwhile, China Digital TV will leverage its
industry-leading technological capabilities and project operations experience
to offer solutions for cloud platform technologies.
Mr. Jianhua Zhu, chairman and chief executive officer of China Digital TV,
commented, "We are very excited to announce this cooperative agreement with
Jishi Media, one of China's best integrated provincial cable operators.
Following network consolidation and two-way digital conversion, Jishi Media
can now provide a solid foundation of a large customer base as we jointly
develop our cloud services. We look forward to providing more high-quality
value added services to high-definition interactive TV users in Jilin
About China Digital TV
Founded in 2004, China Digital TV is the leading provider of CA systems and
comprehensive services to China's expanding digital television market. CA
systems enable television network operators to manage the delivery of
customized content and services to their subscribers. China Digital TV
conducts substantially all of its business through its PRC subsidiary, Beijing
Super TV Co., Ltd., and its affiliate, Beijing Novel-Super Digital TV
Technology Co., Ltd., as well as subsidiaries of its affiliate.
For more information please visit the Investor Relations section of China
Digital TV's website at http://ir.chinadtv.cn.
About Jishi Media Co., Ltd.
Jishi Media Co., Ltd. (SSE: 601929), a leading cable television services
company in China's Jilin Province, focuses on business areas including basic
cable TV services such as planning, building, operation, management and
maintenance of cable television network; the receiving, transmitting and
transferring of broadcasting television programs; digital television
value-added services, including cable pay-per-view digital television program,
video-on-demand and high definition digital television; broadband
two-direction interactive services; and cable television network-based network
services, including high definition video conference, long distance video
monitoring, data transmission and other integrated solutions. The company
provides these services to 4.8 million cable users in Jilin province, of which
3.4 million households hold potential for its two-direction business, which
greatly improves the capacity of traditional digital television networks.
Investor Relations Manager
Tel: +86-10-6297-1199 x 9780
In the U.S.:
Tel: +1-212-333 3810
SOURCE China Digital TV Holding Co., Ltd.
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