LONDON -(Dow Jones)- The companies behind Project Canvas, a service that will allow U.K. viewers to watch free-to-air broadcasts and Internet content on television, said Wednesday they have proposed changing its governance structure to give all partners equal share.
"If the proposals are approved, the venture would develop and promote a trademark brand and run the platform," Project Canvas said in a statement.
Project Canvas' partners include the British Broadcasting Corp., ITV PLC (ITV.LN), BT Group PLC (BT.A.LN) and RTL Group SA's (RTL.BT) Five, which joined the venture in July.
The initial application, submitted in February, proposed a structure that would have given public sector broadcasters, or PSBs, a 66% controlling stake against a 33% stake for Internet service providers, or ISPs.
The BBC, on behalf of its partners, has now proposed to its governing body, the BBC Trust, that shares in the venture shouldn't be designated as PSB or ISP, "removing an implicit PSB majority in the venture."
With the current Canvas partners looking to include more companies in the venture, they have confirmed that all new partners would be granted an equal share in the business.
Canvas will allow U.K. viewers to watch free-to-air broadcasts and Internet content on television.
-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; lilly.vitorovich@dowjones.com