June 22, 2012: LG Electronics and TP Vision (which makes Philips-branded smart TV sets in a number of territories) have confirmed the formation of the Smart TV Alliance.
The group’s mission is to create a set of open HTML-based standards so that application developers can make apps that run across smart TV brands.
“The Smart TV Alliance creates a larger playing field which encourages developers to create more and better TV applications at the same time giving manufacturers and consumers the richest source of movies-on-demand, music services, games, social networking and more,” said said Bong-seok Kwon of LG Electronics, president of Smart TV Alliance, in a statement.
http://advanced-television.com/index.php/2012/06/21/philips-and-lg-form-smart-tv-alliance/