[opendtv] LG Strikes Digital TV License Deal with Sharp and Mitsubishi

S. Korea's LG Strikes Digital TV License Deal with Sharp
Associated Press
March 29, 2005

South Korea's LG Electronics Inc. said Tuesday it has signed license 
agreements with Sharp Corp. and Mitsubishi Electric Corp. to provide 
digital television reception technology to the Japanese companies, 
Yonhap News Agency reported Tuesday.

The agreement, Yonhap said, is between LG's U.S. subsidiary Zenith 
Electronics Corp. and Sharp and Mitsubishi Digital Electronics America.

LG has been in talks with about 300 digital TV manufacturers, set-top 
box makers and broadcasting equipment vendors to license its digital TV 
reception technology, according to an LG statement that said licensing 
revenue is expected to reach about $100 million ''within several 
years.''

There was no indication how much the Japanese firms alone will pay for 
the license, which covers technology for U.S.-type digital television 
reception.

 
 
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