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Playcast and Cable TV Operator CJ Hellovision Bring Cloud Gaming Service to Korea

World’s First Cloud Gaming Service on Cable Streams AAA Games to Homes

July 10th, 2012 – Korea’s leading cable operator, CJ Hellovision and leading cloud gaming company Playcast Media Systems today announced they have entered a deal to launch a cloud gaming service set to change the way video games are played in Korea. The service will allow cable-TV subscribers to play console-quality video games from the world’s major game publishers through their existing set-top boxes. The new service will offer an assortment of the industry’s leading game titles in an affordable monthly subscription package. CJ Hellovision has 3.51 million subscribers and is a subsidiary of regional giant CJ Corp.

Korea’s video games market has very limited home gaming options. The new cloud gaming service by CJ and Playcast brings console-quality gaming to many Korean homes for the first time. In the US, Europe and Japan, the multi-billion dollars per year market has been dominated by physical distribution of game DVDs to dedicated gaming hardware, such as Sony’s Playstation and Microsoft’s Xbox. With few game consoles in Korea, gamers attend one of more than 20,000 internet cafes (PC bangs) to play games. Playcast’s video games streaming solution brings console-quality gaming without the need for a console, the games DVD, or leaving home – it’s as simple as zapping into a TV channel.

Young-gook Lee, Chief Marketing Officer at CJ Hellovision commented, “We are very proud to offer the Cloud Gaming service with such high quality games to our subscribers. With our strength across both cable and over the top services, and Koreans’ insatiable appetite for video games, we are looking forward to make a historical shift in the marketplace.”

Guy de Beer, Playcast Media CEO said, “Korea is a gaming nation and one of the largest consumers of video games in the world, yet consoles are practically non-existent. Our service leaps beyond legacy consoles, and straight into cloud gaming. The best gaming content becomes available to millions of Koreans with in a click of the TV remote control.”

About CJ Hellovision

CJ HelloVision is a leading multi-system operator in Korea, offering cable TV and over the top video streaming, as well as broadband, telephony and mobile services. CJ HelloVision commercialized the world's first open cable digital broadcasting service in 2005. In 2006, CJ HelloVision received the International Interactive Emmy Award, the first for an Asian company. Its TVing service (Over The Top service) was given the ‘Best Application for Portable Device’ 2011 IBC Connected World TV Award. CJ HelloVision produces and features regional programs such as the news, journalism, game shows and much more.

About Playcast Media

Playcast Media brings quality video games to millions of gamers around the world using a cloud-based streaming solution. The company partners with media distribution platforms, such as cable TV, IPTV and OTT service operators to provide console quality games as a streaming service. Playcast service is already available with Portugal Telecom in Portugal, Bouygues Telecom in France and Singtel in Singapore. Playcast is funded by JVP (Jerusalem Venture Partners), MK Capital, C. Mer and Xenia Venture Capital.

For more information, please contact:

Rachel Postlethwaite
Rachel@rp-pr.co.uk
+44 7949 883636



This press release was distributed by SourceWire News Distribution on behalf of Breakaway Communications in the following categories: Media & Marketing, Consumer Technology. For more information visit http://www.sourcewire.com/about