Disney To Raise Pricing Again On Disney+ And Other Streaming Services
Troubles at The Walt Disney Co. continued in Q2-2023 with the company reporting that the Disney+ premium streaming service lost a whopping 11.7 million subscribers in the period. At the same time, Disney said it will look to stem financial losses by raising prices again…
Despite Sharing Crackdown, Netflix Defies Predictions With Q2 Subscriber Gains
Subscription streaming giant Netflix announced it added 5.9 million new subscribers in the second quarter of 2023, beating industry predictions after the service opted to clamp down on subscription sharing. The company said it now has 238 million subscribers globally. For the quarter, Netflix reported…
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…
Ergen Sees Merger With DirecTV DTH And DISH As ‘Inevitable’
Charlie Ergen, the founder and chairman of DISH Network and EchoStar, said on a Q2 financial call with analysts Friday that a merger between the two direct-to-home (DTH) satellite services, DirecTV and DISH, is likely inevitable. In light of AT&T’s difficulties maintaining DirecTV’s subscriber base…
TCL Takes Roku TVs To Europe, South America
Roku and China-based television manufacturer TCL continue to expand the footprint of the Roku TV platform to new countries and regions around the world, including Europe and South America, Roku announced Wednesday. In a statement from Roku released as its second quarter financial advisory hit…
Samsung, LG Report Q2 Earnings In The Wake Of COVID-19
Two of the world’s most important, and powerful, AV electronics companies issued second quarter financial reports from South Korea Thursday showing difficult profit trajectories in the coronavirus pandemic, with both citing weakened results from its smartphone businesses, but otherwise nice gains from consumer electronics items…
LG Display’s China OLED Fab Ramps Up As Profits Drop
LG Display formally celebrated Thursday the start of full mass production of OLED TV panels from its 8.5 Gen OLED panel fab in Guangzhou, China, but the festivities came as its quarterly reports showed a continued net loss. The Guangzhou facility, which has been slowly…
LG Display Sharpens Focus On OLED
Could prices on 4K OLED televisions be coming down soon? Indications in a second-quarter financial report from the world’s primary supplier of OLED TV panels, LG Display, seem to point in that direction. Why do we say this? When supply is high prices tend to…
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