Granite Broadcasting Corporation ups investment in Tablet Television

Motive Television announced Wednesday Granite Broadcasting Corporation has offered additional investment into their joint venture Tablet Television.

Motive Television announced Wednesday Granite Broadcasting Corporation has offered additional investment into their joint venture Tablet Television.

The project, which kicked off in May, is to provide the broadcast of live television to tablets in the United States.

Granite's investment will allow for further development and working capital for Tablet TV.

Motive said it expected the Tablet TV product to be commercialised for the Advanced Television Systems Committe standard in the US and launched in the first Granite Television market early in 2013.

The service will roll out across the US following the completion of the prototype development phase.

Users of iPads, Android tablets, and other portable devices will be able watch and record television programs directly from broadcast TV in any location.

Peter Markham, Chairman of Granite Broadcasting Corporation, said: "Tablet Television is a potentially enormous opportunity for broadcasters, content owners, and pay television businesses as it opens up a significant new opportunity for the existing digital broadcast distribution system. We are fully committed to support this initiative and confident it will have a very valuable place in the US television industry in the future. Tablet TV has demonstrated that it works well in multiple configurations and we look forward to launching in a Granite market."

Leonard M Fertig, Chief Executive Officer of Motive, said the venture would provide a simple solution, similar to Freeview in the UK. The viewer will be able to watch all locally-available digital broadcast TV stations in high definition and will be able to record programs.

"We believe there is nothing anywhere in the world like Tablet TV in terms of the simplicity of the consumer offer, value for the viewer, quality of the picture, and efficiency for the broadcaster," he said.

"We believe that once our devices are introduced in the first Granite market in 2013 the service should go viral."

RD

Recommended

Royal Mail will deliver for investors – here's how to play it
Trading

Royal Mail will deliver for investors – here's how to play it

Royal Mail Group has found its feet in the past 18 months and looks cheap. Matthew Partridge looks at how to trade the shares.
14 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021
Three hidden gems from Japan’s overlooked stockmarket
Share tips

Three hidden gems from Japan’s overlooked stockmarket

Professional investor Eiji Saito of JPMorgan’s Japan Small Cap Growth & Income fund picks three promising stocks from Japan's vibrant but under-resear…
13 Sep 2021
Share tips of the week – 10 September
Share tips

Share tips of the week – 10 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Sep 2021

Most Popular

Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
How you can profit from the power of the grey pound
Share tips

How you can profit from the power of the grey pound

Higher life expectancy and surging asset prices have proved a boon for the baby-boomer generation, which has accumulated vast wealth. Younger generati…
10 Sep 2021