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…
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…
Netflix Q4 Financial Report Shows Weaker Subscriber Additions
Netflix reported its subscriber base grew to 222 million in 2021, missing projections, as it sees interest from newcomers waning compared to the previous Covid-19-induced surge. The world’s largest streaming video service said it added 18.2 million subscribers in total last year, which is about…
Netflix Subscriber Growth Surges In Q3-2021
Netflix reported this week that it added 4.4 million subscribers during Q3-2021, more than doubling the number from the previous quarter, and far above the forecasted 3.50 million. The No. 1 global streaming giant ended the quarter with 213.56 million subscribers. The Q3 growth, which…
Disney+ Added 58.5M Subs In Last Year
Direct-to-consumer streaming subscription video on demand (SVOD) is paying off very well for The Walt Disney Co., according to a Q3 report released Thursday. The media giant’s premium Disney+ premium SVOD service ended the period (July 3rd) with 116 million subscribers, reflecting a gain of…
FuboTV Streaming Service Reports Record Q4, 2020 Results
Sports-centric live TV streaming service fuboTV announced Tuesday that it tallied its strongest fourth quarter ever and year to date. The company said it generated revenue of $105.1 million in the fourth quarter of 2020, its largest quarterly period to date. The company ended the…
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