“Pax Stereo iTv is strategically preparing for the next wave of technology changes that are expected. I am personally hard at work with design on our own online subscription, over the top, and PPV (pay per view) services. That is why we are expanding our collaborative efforts NOW, because we will need more content THEN. The bottom line is a world where our versions of internet television are available on your desktop AND YOUR CABLE BOX. This is why it is a revolution, and this is why we are working so hard at developing our product and teaching other how to do the same. Pax Stereo will be on your cable box, and it will be way sooner than you think. Peace & Blessings ALL” – Mario Hemsley, MD , Pax Stereo CEO
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The Federal Communications Commission approved on Thursday a proposal to let consumers swap pricey cable boxes for cheaper devices and apps, a change that would boost competition in the $20 billion television set-top box market while delivering a blow to major cable companies.
The new rule, unveiled by FCC Chairman Tom Wheeler in January, would allow customers to obtain video services from providers such as Alphabet Inc, Apple Inc and Tivo, instead of cable, satellite and other television providers such Comcast Corp and Verizon Communications.
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The Federal Communications Commission on Thursday took the first step toward cable set-top box reform, beginning the process of crafting rules that would give consumers new devices and apps to access pay-TV programs.
One vocal proponent of the new rules is Bob Johnson, who founded Black Entertainment Television, the first cable network targeting the African-American market, in 1980.
Johnson told Yahoo Finance that the FCC’s decision would make it easier for independent and diverse content providers to reach their audience.
“I believe that choice is the most important part of media diversity,” Johnson said. He added that this change is also important for minority programmers “who have been locked out by various gatekeepers.”
“Having access to the diversity of the digital network to get their content and be competitive with some of the larger programs is the most important part of giving minority producers and independent producers a voice equal to that of some of the larger providers,” he said.
