Comcast forms JV with Time Warner Cable to develop set-top box software

|About: Comcast Corporation (CMCSA)|By:, SA News Editor

Comcast (CMCSA -1.8%) and Time Warner Cable (TWC -1.2%) form a joint venture to develop software for next-generation set-top boxes.

The entity will be called RDK Management and will continue licensing a RDK software bundle created by Comcast in an effort to form a common protocol for future video services.