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.
