Feeds

Redmond plants flag in Chinese game dev market

Joint venture with new media darling BesTV could spell end for console ban

Secure remote control for conventional and virtual desktops

It seems that the rumoured relaxation of China's prohibition of foreign games consoles is inching closer to reality, with IPTV outfit BesTV joining with Microsoft to play some games.

According to an announcement posted on the Shanghai Stock Exchange, BesTV New Media said the new venture, E-Home Entertainment Development, will be 49 percent owned by Redmond and 51 percent owned by BesTV, and will be charged with working on “games and related services” in China.

BesTV was set up by Shanghai Media Group in 2005 and floated in January 2012, calling itself the first “new media” stock to list in China. Six months later, it pumped $US30 million into video streaming outfit Funshion, which dovetailed with its own 18-million-subscriber IPTV business.

E-Home Entertainment Development is a venture of a completely different scale, however, with Xinhua reporting the two partners intend to invest a total of $US237 million in the new operation. BesTV will appoint the chairman to the joint venture, while Microsoft will appoint the CEO.

According to the Seattle Times, “Microsoft is working with BesTV, a subsidiary of the Shanghai Media Group (SMG), to explore new opportunities in Shanghai and China. We believe there is great market potential and partnership opportunities here and look forward to sharing more details soon.”

Earlier in September, the South China Morning Post reported the looser rules would be contingent on makers' willingness to build the China versions of their console in the proposed Shanghai free trade zone. ®

Internet Security Threat Report 2014

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.