Storm TV hits storm technology and CCTV will develop smart TV

After LeTV, after pptv cohesion, another Internet video company will step into the smart TV industry. July 23 news, storm science and technology released an announcement at night, the proposed investment company Shenzhen Commander Chuangzhijia Technology Co., Ltd. has signed a treaty with Galaxy Internet TV Co., Ltd., will jointly develop storm Internet TV business.

1. Within the scope permitted by the national policy laws and regulations, both parties shall cooperate on the Internet television business in accordance with the agreement. Both parties have promised to strictly abide by the policies and regulations of the State Administration of Press, Publication and Advertising on the management of Internet TV business, and to adjust the cooperation methods in accordance with relevant regulations to ensure that the cooperation business is legal and compliant.
2. The two parties will use their respective resource advantages in terms of content, products and technology to jointly develop Internet TV business.

3. As the business operation entity of Internet TV license holders, Galaxy is responsible for the overall operation and management of the Internet TV business according to the relevant laws, regulations and policy provisions, and deploys integrated operation platforms and content service platforms that meet the policy requirements and business needs. Develop Internet TV client software to provide Internet TV services to users through audio and video on demand, playback, and other interactive applications and value-added services.

4. Commander Wisdom as Leading Appliance and IT

The product manufacturer is responsible for the design, production, logistics, promotion and sales of Internet TV terminal products. It is responsible for the installation, maintenance, user training and after-sales service of the terminal products. The cooperative terminal products can only be loaded with the Yangguang Galaxy Internet TV terminal software system. Interoperate with the Central Broad Internet Internet TV integrated operating platform, and do not install in any way any audio or video applications, video aggregation applications, web browsers, or other illegal software or applications provided by third parties.

For the proposed investor, Shenzhen Commander Chuangzhijia Technology Co., Ltd., according to an announcement disclosed by Storm Technology, on the 6th of this month, Stormwind Technologies and Stormwind Holdings and other 7 parties signed an agreement. Storm Technology and Stormwind Holdings will hold the Shenzhen Commander Technology Co., Ltd. 30.37%, 19.63% stake.

Storm TV is about to enter the new living room entertainment ecosystem

It is understood that Galaxy Internet TV Co., Ltd. (hereinafter referred to as Galaxy), was established in July 2012, and was established by the Central People's Broadcasting Station, Jiangsu Broadcasting & TV Station, Iqiyi, and Dr. Peng's Telecommunication Media Group. the company. Responsible for the operation, management and development of the central Galaxy Internet TV and CCTV.

Galaxy Internet TV relies on the advantages of program planning, production, and packaging of central and local radio and television organizations to synthesize the copyright, CDN, and data mining capabilities of mainstream video sites, and provides users with customized network audio and video, featured applications, and game applications. service. Galaxy has 150,000 hours of genuine high-definition on-demand content resources, the "Baidu search Billboard" in 90% of the video content, to create China's most complete Blu-ray ultra-clear video channels and 3D video channels.

This time, Storm Technologies and Galaxy Internet TV jointly develop the Internet TV business. With the “hardware + content” model, the company will provide users with ultra-clear, casual, audio, and unlimited audio-visual services to build a new living room entertainment ecosystem. .

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