[opendtv] LG Strikes Digital TV License Deal with Sharp and Mitsubishi
- From: John Golitsis <john@xxxxxxxxxxxxxxxxxx>
- To: OpenDTV <opendtv@xxxxxxxxxxxxx>
- Date: Wed, 30 Mar 2005 15:41:44 -0500
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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