Sinclair Broadcast Group said it established a joint venture with SK Telecom of Korea that will provide next-broadcast solutions for the television industry, starting with Sinclair’s stations in 2020.
The new venture, dubbed Cast.era, will be based in Arlington, Va.
“The combination of two of the world’s leading telecom companies with independent and complementary visions of convergence marks Cast.era as a formidable new player in maximizing the strengths of both, using the remarkable capabilities of the new broadcast standard,” said Del Parks, chief technology officer of Sinclair. “With our partners in Cast.era, we look forward to remaining at the forefront of platform and service innovation.”
SK Telecom and Sinclair expect to achieve synergies by combining SK Telecom’s telecommunication technologies and Sinclair’s broadcasting infrastructure.