Index Corp., a Japanese company specializing in creating content for mobile phones, is rounding up TV contracts aimed at specialized interactive services linking mobile handsets and television programming. A story in the Nihon Keizai business daily reported the company was on the verge of issuing around 20 billion yen in shares to four other broadcasters including Nippon Television Network, Tokyo Broadcasting System, Fuji Television Network and TV Tokyo. When asked by WWJ, Index would say only that parties concerned were in negotiations and nothing could be confirmed yet. The news, confirmed or not, drove Index shares up 9.5 percent on the JASDAQ on 25 May. Both TV Asahi and Fuji Television already own around 1-2 percent of shares in Index.
The company is currently in partnership with five broadcasters for a remote control application that displays TV listings for the whole country on mobile phones. Launched in March, TeMo Chan is free to download, works with all carriers and also provides access to official mobile sites of TV programmers. Partners are Tokyo Broadcasting, Fuji TV, TV Asahi, Nippon Broadcasting (NTV), TV Tokyo.