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Microsoft teams up with Shanghai IPTV company for streaming games service – report

Tuesday, 24th September 2013 00:16 GMT By Brenna Hillier

Microsoft and BesTV will deliver a streaming games and entertainment service in China, according to local news sources.

Xinhua News reports BesTV announced the news on the Shanghai Stock Exchange. According to the report, Microsoft will have a 49% share in the venture; in total, the two companies will invest $237 million.

Currently called E-Home Entertainment Development, the new service will debut in Shanghai, and will “develop games and related services”.

According to unconfirmed Chinese-language reports translated by Polygon, the company will produce a new console or set top box, based on Xbox technology, called Bestpad.

BesTV has 18 million IPTV subscribers across China, southeast Asia and eastern Europe. it will choose the new service’s chairman, while Microsoft will nominate a CEO.

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5 Comments

  1. psxman

    So… we can sell consoles in China now?

    #1 1 year ago
  2. Silent Killer01

    TV TV TV …..

    #2 1 year ago
  3. Mike W

    Come MS what are you doing?

    #3 1 year ago
  4. melonbuster1

    Winning !!!! Omg this is huge.. 18 million users .. will be forced to get the new box. Lol death to sony

    #4 1 year ago
  5. melonbuster1

    It’s over

    #5 1 year ago

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