LGE Reports Troubling Q4-2022 Consumer Electronics Sales
The first wave of year-end financial reports from leading TV and home entertainment electronics companies has started to hit the fan, and the outlook for the TV business in the year ahead appears challenging. LG Electronics said Friday that its Q4-2022 overall operating income for…
Disney Reports 235.7M Total Streaming Subscribers At Close Of Its Fiscal Year
The Disney+ premium streaming service has grown to 164.2 million global subscribers, but the Walt Disney Co. warned Wednesday in its financial report for the fiscal fourth quarter that the subscriber growth rate will likely slow in the quarter ahead. Bob Chapek, The Walt Disney…
Ergen: DISH, DirecTV Merger Talk Would Be More Likely After Election Day
The long-proposed merger between the country’s two direct-to-home satellite TV services could be moving closer to reality, if recent comments by DISH Network chairman Charlie Ergen prove to be more than wishful thinking. Ergen, speaking to analysts following the company’s Q3 earnings report Wednesday, said…
HBO Max, Discovery+ Services To Merge Starting Next Year
The HBO Max and Discovery+ premium streaming services will be combined into a new subscription video service beginning in the U.S. next summer before rolling out to other regions in 2024 and 2025, Warner Bros. Discovery revealed in its second quarter financial statement Thursday. Company…
TCL Reports 10.15M Global Smart TV Shipments Over The First Half Of 2022
TCL Electronics recently issued its 2022 first half business update showing global smart TV unit shipments reached 10.15 million sets, spurred by an 8.9% Q2-2022 uptick over the first quarter of the year. For perspective, in January the company reported sales of 23.58 million smart…
Sony TV Shipments Fell, As Sales Dollars Increased In Its Fiscal 2021
Sony’s Entertainment Technology & Services business segment saw its global unit shipments of TV sets decline -8.6% from 9.3 million in the company’s fiscal year ended March 31, 2020 to 8.5 million in FY 2021, according to the company’s supplemental financial reporting. However, the benefit…
Dish Reports Continued Satellite TV Subscriber Churn As 5G Ramps Up
The cord-cutting woes continued for Dish Network in the first quarter of the year, according to the satellite and live-streaming company’s latest financial report Friday. Dish Network showed a loss of 462,000 pay-TV accounts in the first quarter of the year, compared to a loss…
Netflix’ Hastings Mulls Offering Lower Priced Tier As Sub Count Drops
Neflix CEO Reed Hastings made some interesting disclosures Tuesday in the company’s Q1 financial reporting, including a loss of 200,000 net subscribers, addressed by some moves to support profitability. With the Q1 subscriber drop-off, the company said its current worldwide subscriber count now stands at…
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