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PerfecTV! And JskyB Merge

Date Posted: 1998-04-18

PerfecTV! And JskyB have announced that merger talks have been completed. The two organizations have outlined key issues, such as a 50/50 merger and a new company name, Sky-PerfecTV! PerfecTV!'s Koya Mita has been named as President of the new company. The companies' combined paid capital is now 40 billion or $312 million.

PerfecTV! Is a consortium of four major trading companies, including JSAT and TBS, while JskyB is consortium of News Corp, Fuji-TV, Sony and Softbank.

PerfecTV!, which began services in October, 1996, surpassed 600,000 subscribers at the end of February, while competitor DirecTV Japan reportedly has 25,000 subscribers in its first two months since December, 1997.

Pay Per View Japan (PPVJ), an official PPV operator on PerfecTV!, now features WCW Professional Wrestling live every month. NBA League Pass, offered for the first time outside the United States, is generating die-had NBA fans in Japan since the opening of this season. Daily live telecasts of Major League Baseball began this month. PPVJ also features all Hollywood major studios' current hit movies, according to Tom Kawai, Managing Director of PPVJ.

Sky-PerfecTV!'s registered company name remains Japan Digital Broadcasting Co., with the same registered address of 2-15-1 Shibuya, Shibuya-ku, Tokyo, Japan.

Japan Update has added the English language channels' programming schedules to our TV programming section, which we renamed 'The Guide' starting last week. In the future, we will increase the listings as the number of channels increase, in order to inform our readers of the widest possible choice in their available TV programming.

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