China Forms $54 Million Fund To Promote Homegrown Mobile TV Standard

Chinese regulators have established a 400 million yuan (US$54 million) fund to give the Chinese mobile TV technologies a bit of a push over the next three years, reports Variety, adding that the aim is to avoid paying royalties to foreign firms to use their technology. There’s no mention of which particular technology is to be favored (if any) but the fund will administered by the State Administration of Radio, Film and Television (SARFT), so I’m guessing it’s the one it backs, which is CMMB.