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Japan's key TV networks to band together on online streaming

Joint venture will develop system for air-online simultaneous broadcasting

Fuji Television Network, whose headquarters is shown here, and its four major rivals will join hands to develop a better online content distribution system.

TOKYO -- All five major commercial television networks in Japan have agreed to jointly develop a system that will serve as the bedrock for simultaneous broadcasting of TV programs over the air and the Internet.

Tokyo Broadcasting System Television, TV Asahi, TV Tokyo and Fuji Television Network have reached a basic agreement to invest in a joint venture established by Nippon Television Network and internet service provider Internet Initiative Japan. Once the deal is finalized, the joint venture, JOCDN, will be 20% owned by IIJ. The remaining 80% stake will be equally divided among the five key networks, represented by their hub TV broadcasters.

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