CABLE TVís News Service to Land in
|(March 15, 2003 Hong Kong)
The Chinese community in New Zealand will be able to keep abreast of Hong
Kong events round-the-clock following an agreement between Hong Kong Cable
Enterprises Limited (HKCE), the exclusive programme distribution agent of
Hong Kong Cable Television Limited (CABLE TV), and World TV Limited (WTV)
of New Zealand.
Under the agreement, CABLE TVís
24-hour news service, financial reports as well as current affairs and
cultural programmes will be distributed via WTVís platform throughout
New Zealand from April 1, 2003. Since last year, CABLE TVís news
production is already in digital format. With the advent of broadband
technology, CABLE TVís digitised programmes will be distributed to New
Zealand round-the-clock via an IP platform, enabling significant saving in
Chief Operating Officer of HKCE, Mr.
Samuel Tsang, said the new transmission technology had opened up new
ground for distribution of programmes internationally. ďThe technology
we have harnessed has cleared a major hurdle, i.e., the high satellite
distribution cost, that previously existed in licensing our programmes to
overseas distributors,Ē he added.
Mr Tsang said the agreement with WTV
is a vote of confidence on the quality of the new distribution technology
and CABLE TVís news service.
Chief Operating Officer of HKCE Mr Samuel Tsang (left) and Chief Executive Officer of WTV Mr Henry Ho (right) hosting the Contract Signing Ceremony
Chief Operating Officer of HKCE Mr Samuel Tsang (right) and Chief Executive Officer of WTV Mr Henry Ho (left) at CABLE TV's Digital News Center
CABLE News is the first 24-hour News
Channel in Asia, and also the first in Asia to fully digitalize its news
Chief Executive Officer of WTV , Mr.
Henry Ho , said the new transmission technology had opened new ground for
WTV to bring in quality television programmes economically for the benefit
of WTV subscribers who are interested in updated programmes from Hong Kong
Cable. ď I believe the same technology shall be able to benefit Chinese
communities in other countries. WTV is delighted to have the opportunity
to work with HKCE for this new transmission technology,Ē he added.
About Hong Kong Cable Enterprises
Limited (Website: www.21126888.com)
Hong Kong Cable Enterprises Limited, is a wholly-owned subsidiary of i-CABLE
Communications Company, is the Exclusive Sales Distributor of Commercial
Airtime and International Programme Licensee of Hong Kong Cable Television
HKCE also acts as advertising sales
distributor for Cable Guide Monthly magazine and other media. With
21126888.com, the online shopping platform, as well as CABLE TV e-Programme
Listing, HKCE is dedicated to providing value added services to CABLE TV's
subscribers and advertisers.
i-CABLE is listed on both the Hong
Kong Stock Exchange (Stock code:1097) and NASDAQ in the US (Symbol:ICAB).
i-CABLE is approximately 79.4% held by The Wharf (Holdings) Limited, which
is also listed on the Hong Kong Stock Exchange (Stock code:0004).
About World TV Limited (WTV)
World TV Limited, launched in June
2000, aims to deliver up-to-the-minute news and information, entertainment
and cultural programmes from major Asian satellite channels directly to
the vast Asian and non-Asian communities throughout New Zealand via a
satellite digital direct-to-home delivery platform. WTV is currently
operating 7 independent channels: 5 Chinese, 1 Korean and 1 Japanese, each
broadcasting non-stop 24 hours a day.