LG Electronics (LG) and Alphonso have announced a significant investment by LG in Alphonso to bring together the two TV companies’ technologies and innovations to LG’s smart TV line-up. With this investment of nearly $80 million (€65.1m), LG will become Alphonso’s largest investor with a controlling stake of over 50 per cent. LG says it […]
Over the last several years American TV screens have been inching up in size. Overall, installed TVs in the US are larger – 15 per cent are 60 inches or larger, up from 11 per cent a year ago – and newer – the average age is 4.9 years, down from 5.4 years last year […]
Global TV sales remain stable and will stay that way, with Futuresource Consulting forecasting growth of less than one per cent CAGR between 2018 and 2024. This obscures the underlying turmoil as there has been a boost in sales across developed countries during the year, with consumers looking to improve the home viewing experience during […]
The fixed communications services market in South Korea is expected to reach $6.2 billion in 2025, recording a compounded annual growth rate (CAGR) of 1.2 per cent between 2020 and 2025, mainly driven by growth in fixed broadband segment, according to GlobalData. GlobalData’s South Korea Telecom Operators Country Intelligence Report forecasts that fixed voice service […]
A report to clients from analysts at South Korea’s Shinhan Investment Corp sys that LG Display’s Chinese OLED production lines will increase output in 2021 to a forecast 71.7 percent increase year-over-year and to about 7.87 million units. The analysts say they expect to see a sharp rise in sales of high-margin panels used in […]
LG Electronics (LG) and Xbox have entered into an exclusive marketing partnership to highlight the phenomenal gaming experience of the widely-anticipated Xbox Series X console and LG OLED TV in key markets across Europe, Africa, Middle East and Asia-Pacific. LG OLED TV becomes the official TV partner of Microsoft’s new console in these regions with […]
TV 2 Sumo, an OTT streaming service owned by Norwegian commercial public broadcaster TV 2, has upgraded its apps on LG Smart TVs. The new updated design is built across multiple LG WebOS models using Norigin Media’s TV App Framework. The streaming service is deployed across a range of LG devices with a new design […]
Video advertising platform Unruly has announced a global partnership with LG Electronics that enables advertisers around the world to access native smart TV ad placements through its supply-side platform (SSP), UnrulyX. Expanding on the success of LG’s relationship with sister brand Tremor Video in North America, the company can now provide brands with reach and […]
LG Electronics has announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (€12.18bn) and operating profit of KRW 959 billion. Both sales and profits were the highest for a third quarter in 62-year history of LG Electronics. Led by strong growth in home appliances and home entertainment, overall sales increased 7.8 per cent and operating […]
LG Display has moved into the black and its first operating profit for some time having reported 7 previous quarters of losses. LG said it could report an operating profit of 164.4 billion WOn (€122.6 million), on the back of its heavy expense control efforts, increased OLED sales and price increases in its LCDs. Revenues […]