Xinhua China acquires HDTV editing technology

MUMBAI: Xinhua China Ltd. has acquired leading Chinese high definition television text-editing software company Bear Technology. The acquisition expands Xinhua's presence in the rapidly expanding digital media industry in China.

Founded in 2002, Bear Technology offers multiple proprietary solutions for rendering and editing text in high definition (HD). Bear text-editing software is an essential component in the production of HDTV content, which require on-screen text to be rendered in HD for enhanced visual fidelity, according to Xinhua China.

Some applications for Bear's software include personal and commercial HD cameras, televised language translation, closed-captioning, and news and entertainment programming. Currently, Bear Technology customers include leading HDTV and camera manufacturers such as Sony and Panasonic, Xinhua China said.

The company stated that although China's digital television market is relatively small by North American standards, the annual compounded growth rate of digital television subscribers is estimated to grow at 165 per cent per year from 2005 to 2008. With 5.3 million home subscribers in 2005, up from one million in 2004, digital TV in China is enjoying exponential growth.

"HDTV software is a complementary technology to our initiatives to expand our business base through the sale of digital media online in China. We are fortunate to have had this opportunity at a time when HDTV is rapidly overtaking older television technology. We believe HDTV has the potential to further enhance the online experience for enjoyment of all types of online media in China," said Xinhua China CEO Xianping Wang.

"The acquisition of Bear Technology will position Xinhua China as a leading provider of HD content text editing. We see significant revenue opportunities over the long-term as the convergence of the personal computer and High Definition Digital Television gathers momentum," he added.

In addition, upon completion of the purchase of all the issued capital in Bear Technology, the company agrees to grant in aggregate six million stock options to employees, officers and directors of Bear Technology. The options will be priced at the time of issue.

Latest Reads
Disney restructures business in the face of digital disruption

MUMBAI: Walt Disney Co, on Wednesday, announced a sweeping restructuring aimed at accelerating its global expansion during a period of upheaval for Hollywood.

Television TV Channels English Entertainment
Sony's 'Dus Ka Dum' gets app boost

MUMBAI: After a successful season of Kaun Banega Crorepati (KBC), Sony Pictures Network is reviving Dus Ka Dum, another big reality show with superstar Salman Khan. The show is coming back on air for its third season after 2009. Since its initial airing, the entertainment landscape has changed...

Television TV Channels GECs
ZEEL scraps 9X Media acquisition

Owing to non-completion of certain material conditions, Zee Entertainment Enterprises Ltd (ZEEL) has terminated its deal to acquire music broadcaster 9X Media.

Television TV Channels Music and Youth
Viewers celebrate their love for hollywood blockbusters on my Star Movies at 9

Home to the biggest blockbusters, Star Movies leads the way in engaging audiences by giving them an opportunity of a lifetime to showcase their love for Hollywood films! My Star Movies at 9, for the first time ever, presents fans with a special proposition. Not only will they get to watch their...

Television TV Channels English Entertainment
Discovery unravels the underwater warriors of Indian Navy, the submarine arm, with Breaking Point: The Indian Submariners

Discovery Channel, India’s leading destination for factual entertainment, is launching a special series on the Indian Submariners as a part of its extremely popular Breaking Point Franchise. This is the first time that any private broadcaster will showcase a TV series on the underwater warriors of...

Television TV Channels Factual & Documentary
&Privé HD to premiere the gripping thriller 'The Hunter' this sunday

&Privé HD, the newest destination for nuanced cinema, is all set to premiere the Australian thriller-drama The Hunter on 18th of March at 1:00 pm and 9:00 pm. Directed by Daniel Nettheim, the riveting movie stars Willem Dafoe, Sam Neill, and Frances O’Connor in pivotal roles.

Television TV Channels English Entertainment
BBC takes ‘fake news’ battle global

The BBC today sets out its ambition to be a global leader in the fight against fake news, which is creating a huge decline in global audiences’ trust in media.

Television TV Channels News Broadcasting
Turner International creates digital advertising unit to connect brands with fans

Turner International is for the first time providing advertisers with a single way to activate a full suite of global, regional and local campaigns that connect with fans across Turner’s digital properties spanning over 200 countries.

Television TV Channels Kids
Star India renews BWF media rights till 2021

MUMBAI: Star Sports has renewed its Badminton World Federation (BWF) media rights for a four-year cycle. The deal is from 2018 to 2021 as per BWF calendar.

Television TV Channels Sports

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories