Sony, Samsung Issue Troubling Calendar Q1 Financial Results For TVs
Both Sony and Samsung issued financial reports from the calendar first quarter of 2023 Thursday, and it wasn’t good news for their respective TV hardware businesses. On a positive note, Sony reported record annual sales of $84.2 billion (11.5 trillion yen) for its fiscal year…
Roku Adds 1.6M Accounts In Q1-2023
Smart TV and streaming resource Roku issued its Q1-2023 financial report showing the number of active accounts climbed by a net of 1.6 million from Q4-2022 for a total of 71.6 million. The company said The Roku operating system was again the top-selling smart TV…
Price Hikes Planned For Paramount+ Streaming Services
Get ready, Star Trek fans. In its Q4-2022 earning report this week, Paramount Global’s CEO Bob Bakish said the company plans to raise subscription prices on Paramount+ streaming tiers that now are combined with bundled options for the Showtime service. The current price for the…
Roku Grew Active Accounts In 2022’s Difficult Economic Conditions
Despite a difficult macro economic environment, causing a virtually flat gross profit performance for the year, streaming TV resource Roku managed to significantly increase its active accounts and total revenue during 2022, the company reported this week. In its Q4-2022 financial statements, Roku emphasized that…
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…
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