Industry-led standardization as private governance?: A critical reassessment of the digital video broadcasting project's success story

Industry-led technical standardization is often cited as an example for private governance. And the Digital Video Broadcasting (DVB) Project is often presented as a particularly successful case of such governance without government. The successes of the industry-led DVB Project have often been cited as evidence for the superior governance capacity of private industry. While the commercial and engineering success of the DVB Project is unequivocal, this chapter raises the question whether it has been equally successful in governing a complex sector that is confronted by a range of market failures, with direct implications for important public policy objectives such as media pluralism and diversity.