BEIJING, Feb. 27, 2014 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of conditional access ("CA") systems and comprehensive services to China's expanding digital television market, today announced that it has reached a strategic agreement with Jishi Media Co., Ltd. ("Jishi Media") to cooperatively develop value added services ("VAS") in Jilin Province.
According to the agreement, China Digital TV and Jishi Media will establish a long-term strategic relationship and leverage their respective strengths to jointly develop VAS services, including cloud games, cloud motion-sensing games and OTT multi-screen interactive offerings. Jishi Media will provide technical support in the areas of cable network resources, and its large customer base in the province. Meanwhile, China Digital TV will leverage its industry-leading technological capabilities and project operations experience to offer solutions for cloud platform technologies.
Mr. Jianhua Zhu, chairman and chief executive officer of China Digital TV, commented, "We are very excited to announce this cooperative agreement with Jishi Media, one of China's best integrated provincial cable operators. Following network consolidation and two-way digital conversion, Jishi Media can now provide a solid foundation of a large customer base as we jointly develop our cloud services. We look forward to providing more high-quality value added services to high-definition interactive TV users in Jilin province."
About China Digital TV
Founded in 2004, China Digital TV is the leading provider of CA systems and comprehensive services to China's expanding digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers. China Digital TV conducts substantially all of its business through its PRC subsidiary, Beijing Super TV Co., Ltd., and its affiliate, Beijing Novel-Super Digital TV Technology Co., Ltd., as well as subsidiaries of its affiliate.
For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn.
About Jishi Media Co., Ltd.
Jishi Media Co., Ltd. (SSE: 601929), a leading cable television services company in China's Jilin Province, focuses on business areas including basic cable TV services such as planning, building, operation, management and maintenance of cable television network; the receiving, transmitting and transferring of broadcasting television programs; digital television value-added services, including cable pay-per-view digital television program, video-on-demand and high definition digital television; broadband two-direction interactive services; and cable television network-based network services, including high definition video conference, long distance video monitoring, data transmission and other integrated solutions. The company provides these services to 4.8 million cable users in Jilin province, of which 3.4 million households hold potential for its two-direction business, which greatly improves the capacity of traditional digital television networks.
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SOURCE China Digital TV Holding Co., Ltd.