Softbank to bring Ustream’s live video tech to whole Asia

www.WirelessFederation.com/news: Ustream’s live video technology will be brought to the rest of Asia by Japanese internet and telecom giant Softbank. Plans to start an Asia joint venture has been decided by the two companies allowing users to redistribute live video captured on mobile devices over the internet.

60% stake in Ustream Asia will be owned by Softbank subsidiary TV Bank and Ustream will take32% and US venture capital firm DCM the remaining 8%. San Francisco-based Ustream offers live video service, with around 100 million monthly viewers, mostly in the US.

According to Masayoshi Son, chairman and CEO of Softbank, Ustream launched the Japanese version of its site last month and the number of Ustream users is growing rapidly in Japan.