MUMBAI: China Digital Media Corporation, a provider of cable and digital television services and content in China, has announced that it has reached a record level of households that have installed digital set-top-boxes (STB). As of 30 June 2006, approximately 200,000 subscribers had installed over 220,000 digital STBs, with over 15 per cent subscribing for additional digital STBs, according to a media release issued.
The company receives a portion of the subscription fees from each customer. It installed over 30,000 STBs in May 2006, the highest number of installations in a single month, and these newly installed STBs are equipped with Java platform and Ethernet port, the release adds.
"This is a major milestone for the company, as it represents a significant source of revenue," says China Digital Media Corporation chairman and CEO Daniel Ng. "The launch of our new IP based STB has generated incredible interest in Nanhai and surrounding cities. We intend to focus on promoting our value added services and pay TV services, and searching for new projects elsewhere that we believe will enhance revenue growth."
