Alticast has announced plans to spin off its media business serving Korean cable and EMEA.
Altimedia Corporation will be established following an extraordinary general meeting of shareholders held this week.
The company says the move will “enhance its management effectiveness and strengthen its competitiveness”.
Business with KT/Skylife, the United States, and Canada will not be a part of the new venture.
Alticast’s STB software, CAS/DRM, Smart UI/UX and Cloud Server solutions are based on non-proprietary software such as HTML5, RDK and GEM.