In a statement released on Tuesday, the three groups said the service would initially be Web-based and be available for distribution on other platforms. Both current and archive programming will be streamed and
All broadcasters have
But different pricing levels and formats have led analysts to criticize some of the offerings.
The three groups said the planned on-demand service would build on the experience of their existing Internet platforms, 4OD, ITV.com, and the BBC's iPlayer.
The joint venture has appointed Lesley MacKenzie, previously a director of channels and operations at BSkyB, as launch CEO.
The joint venture will be owned equally and will work independently as an aggregator of content from the three parties and also third-party content.
The plans are subject to formal approval from the BBC Trust and each broadcaster's board.
"TV on the Internet is a rapidly growing medium," Andy Duncan, Channel 4 Chief Executive said. "We want to continue to build and innovate in this area ... and believe that partnering and sharing expertise is the best way of doing this."
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