Business
Sinclair Announces Agreements with Korean Broadcasters to Further NextGen Broadcasting
HUNT VALLEY, Md.--(BUSINESS WIRE)-- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced that the company has entered into agreements with two top
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[{"type":"text","content":" HUNT VALLEY, Md.--(BUSINESS WIRE)--\nSinclair Broadcast Group, Inc. (Nasdaq: SBGI), today announced that the company has entered into agreements with two top Korean Broadcast networks, Korean Broadcast System (KBS), and Munhwa Broadcasting Corporation (MBC) to collaborate on the development and implementation of NextGen Broadcast (ATSC 3.0) business models and technology in both Korea and the United States.\n\nThe collaboration includes the development of NextGen Broadcast television technology and Data Distribution as a Service (DDaaS) business opportunities using the ATSC 3.0 broadcast standard. ATSC 3.0 is a sophisticated transmission standard, based on the language of the Internet (Internet Protocol) and transforms a traditional broadcast channel into a robust data distribution platform that carries both video and data services.\n\nIn conjunction with the agreements with Sinclair, Hyundai Mobis and KBS demonstrated NextGen delivery of video and data services to a test automobile deployed around Seoul, delivering targeted content using the NextGen standard. Demonstrating the sophisticated capabilities of the new standard, MBC provided an enhanced GPS signal that corrected the GPS signal from 3 meters to 3 centimeters. Both technical demonstrations were powered by CAST.ERA, the joint venture between Sinclair and SK Telecom.\n\nCommenting on the agreements, Chris Ripley, Sinclair’s President and CEO said, “Sinclair’s collaboration with KBS and MBC will help establish roadmaps for development and implementation of NextGen mobile TV and DDaaS technologies. As we continue to lead the evolution of these technologies and further their practical application, we look forward to building new business models around these exciting NextGen opportunities.”\n\nSinclair executives discussed some of these revolutionary NextGen applications at KOBA, the 30th annual Korea International Broadcast, Audio & Lighting Equipment Show, which was held in Seoul on June 29th. Del Parks, Sinclair’s President of Technology, addressed the new revenue-enhancing capabilities and business models enabled by Nextgen TV and Mark Aitken, Sinclair’s SVP of Advanced Technology and President, ONE Media 3.0, discussed the complex deployment of the services in the US, and Sinclair’s efforts with the ATSC to promote adoption of the ATSC standard in India and other coun...