Video Downloads to Palm Devices Popular With Korean Consumers18 Mar, 2002 By: Hive News
Thin Multimedia reports its wireless video software is experiencing exponential growth in Korea, where SK telecom offers its software and has put more than 350,000 handsets into use since last July.
"The commercial success of Thin Multimedia's wireless video platform and VOD applications validates our belief that consumers demand these services today," said Chuck Yoo, founder and CEO of Thin Multimedia. "While Korea is on the leading edge of mobile video services, we are realizing significant traction in Europe and the U.S. and are in active discussions with operators and handset manufacturers around the world."
Korean consumers are snapping up the technology at a rate of 10,000 to 20,000 new handsets per business day, said a spokesman for Thin Multimedia, which offers a wireless video platform.
Video applications such as video-on-demand (VOD) and video mail continue to build momentum with SK Telecom customers.
Since February, the number of daily video downloads on handsets increased to 2,404 a day, a jump of more than 170 percent in less than a month, the spokesman said, noting 14 percent of that is video mail downloads.
Growth is anticipated to build as consumer awareness of the applications increases. Thin Multimedia's software runs on handsets from Samsung, LGE, Motorola and Hanhwa.
Purveyors aren't the only ones reading the writing on the palm. Last week, music licensing organization BMI announced its newly structured agreements to license music for mobile phone ringtones and other handheld uses.
About Thin Multimedia, offers 50 channels of streaming video, animation, movies, music and TV programs to more than 13.4 million subscribers worldwide, a company profile states.