Ustream seals Joint Venture with Korea Telecom for Ustream Korea with $10m investment

Ustreamers,

Hope all is well. Today, we are happy to announce that Ustream has reached an agreement with Korea Telecom to launch Ustream Korea as part of our Joint Venture for Ustream Asia with Softbank Corp. in Japan. Korea Telecom will also invest an additional $10m into the company.

More importantly, we are excited to continue to march toward our vision of bringing the Ustream service to Asia in a steadfast and unwavering manner over a long period of time.

We thank our wonderful users and look forward to growing the Ustream service in Korea.

Best,

John

About Brad Hunstable, CEO and Founder

Brad Hunstable founded Ustream more than six years ago with a vision to bring live broadcast technology to the entire world. Since then, the company has established itself as the leading live, social video site. Hunstable has been ranked among 50 "Digital Power Players" by the Hollywood Reporter and on Variety's Producers Guild of America's Digital 25: Visionaries, Innovators and Producers for his work at Ustream. Brad is a graduate of the United States Military Academy at West Point and holds an MBA from Ohio State.
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