[opendtv] Comcast Extends Strategic Partnership With Motorola - Comcast to Enter Into Largest Set-Top Purchase Agreement in Company's History; Companies Agree to Form Two Conditional Access Joint Ventures
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: undisclosed-recipient: ;
- Date: Tue, 8 Mar 2005 21:49:17 -0500
Comcast Extends Strategic Partnership With Motorola - Comcast to
Enter Into Largest Set-Top Purchase Agreement in Company's
History; Companies Agree to Form Two Conditional Access Joint
Ventures
- Mar 8, 2005 01:45 PM (PR Newswire)
PHILADELPHIA and HORSHAM, Pa., March 8 /PRNewswire-FirstCall/ -- Comcast
Corporation (Nasdaq: CMCSA, CMCSK) and Motorola, Inc. (NYSE:MOT) today
announced that they have entered into a broader strategic relationship that
includes an agreement for a multi-year set-top commitment valued at more than
US $1 billion, the largest set-top purchase agreement in the operator's
history. Also today, Comcast and Motorola announced an agreement to form two
joint ventures focused on next-generation conditional access technologies.
The set-top commitment will extend Comcast and Motorola's multi-year
agreement for Comcast to purchase set-tops and network equipment. Motorola
will provide high-definition digital video recorders and standard-definition
entry-level models, among others.
The joint ventures will focus on the development and licensing of current
and future conditional access (CA) and other cable technologies. Conditional
access technologies enable cable providers to ensure that customers receive
only the video services to which they subscribe. As part of the transaction,
Motorola has granted the ventures a non-exclusive license for MediaCipher, its
leading conditional access technology.
The first joint venture will focus primarily on development of a
next-generation conditional access system, using MediaCipher as its
foundation. Comcast and Motorola will jointly manage the development group.
The second joint venture will focus on licensing conditional access and
other cable technologies, including MediaCipher, to United States cable
operators and third-party providers. The licensing venture will be managed by
Comcast.
...
- http://finance.lycos.com/home/news/story.asp?story=47502045
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