TU Media Reaches 1 Million S-DMB subs in Korea
Posted Tue, 26 Dec 2006 13:44:25 EST by Frank Viquez
On December 24th, TU Media, Korean operator of Satellite DMB services, reported it had passed the one million sub mark. It only took one and a half years and 4 service rate cuts to do it, but TU Media will end the year with over 1 million subs (having started 2006 with 370,000). The company has hopes of reaching 2 milion subs in the new year and will begin refining its services porfolio, including the additon of premium channels as well as data broadcasting services. TU Media will also look to introduce a hybrid terrestrial/saltellite DMB receiver for automotive next year. The company plans to reach profitability in 2008 and has gained further support from stakeholder SK Telecom, who will infuse an additonal 32.5 billion Won (US$35 million) into the venture.