Market Overview

Comcast Cable, Time Warner Cable Form JV RDK Mgmt

Related CMCSA
Bank Of America: Comcast A 'Model Of Consistency,' Added To US 1 List
Fast Money Picks For November 24: Comcast, Magnum Hunter Resources And 2 ETFs
Making Money With Charles Payne: 11/13/14 (Fox Business)
Related TWC
Top 4 Large-Cap Stocks In The CATV Systems Industry With The Highest ROE
Stock Market News for November 14, 2014 - Market News
Making Money With Charles Payne: 11/13/14 (Fox Business)

Comcast Cable (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC) today announced the formation of a joint venture, called the RDK Management, LLC, that will manage the Reference Design Kit (RDK) software being used in next-generation set-top boxes.

The RDK is a pre-integrated software bundle, initially developed and licensed by Comcast to create a common framework for powering tru2way^®, IP or hybrid set-top boxes and gateway devices and to accelerate the development and deployment of next-generation video services. The RDK works with the CableLabs OCAP Reference Implementation software along with other open source components.

The new company will be responsible for the RDK licensing, community support and training, as well as code management. Comcast will contribute RDK components into the new entity, including the RDK code and specifications, related intellectual property rights and associated contracts, including all of the current RDK licenses which will be transitioned to the RDK Management, LLC.

The new entity also will provide continuity with the existing licensing program and continue to offer a licensing program similar to the existing program. In addition, the new entity will establish an expanded support program to provide technical support to RDK licensees as operators more broadly deploy the RDK solution.

Posted-In: News

 

Related Articles (CMCSA + TWC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional