Chinese color TV manufacturer giant Skyworth has reached cooperation with mobile storage service provider Netac Technology. The parties will together create a new website to provide a high definition films and video downloading service.

Skyworth and Netac announced in Shenzhen that they will open Shenzhen Kukai Network Company in which each of them will hold 50% of the shares. This new company will execute the terms of the agreement and provide the download service.

The parties say that the pre-opening work for the new company, including copyright protection, broadband development and profit-sharing patterns have been completed and the website will soon be launched.

Yang Dongwen, vice president of Skyworth, says that at the initial stage, the website will be committed to providing a free film downloading service, but it will gradually be developed into a paid comprehensive video downloading website.


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