Today, Ericsson announced that it has taken a 15 percent stake in media and technology company Popwire, which produces music-related entertainment content and broadcasts it over the Internet. The investment will enable Popwire to develop technology, products, applications and services for the broadcast of entertainment content, such as music and live events, over broadband and wireless networks, including GPRS and 3G.
The investment is part of Ericsson's venture operation in the Business Innovation unit. "Entertainment is set to be one of the most popular broadband and mobile Internet applications, with streaming of music and other content over 3G networks bringing 'instant media' to mobile users," said Håkan Österberg, Vice President, Content Aggregation, at Ericsson Business Innovation. "The mobile Internet will enable the transmission of live and recorded content, including music and video, from anywhere and at any time to reach a global audience." In September, Ericsson and Popwire together demonstrated a unique solution for live video broadcast over 3G networks and the Internet. The investment in Popwire is being made by Ericsson Business Innovation, the innovation development company set up by Ericsson, to further develop the relationship between the two companies. "Ericsson's investment in Popwire will support us in creating turnkey 3G broadcast solutions for media companies," said Anders Andersson, CEO of Popwire. "These will make broadcasting less costly and resource- intensive, for example no satellite up-link will be required for live transmissions, and give the mobile user entertainment on-demand. Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world.
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