Digital TV News: LG

TCL ranked as Top 2 global TV brand for second consecutive year
Feb 28, 2024 – According to Omdia, in 2023 TCL maintained its second position in the global TV market for the second year in a row with shipments of 25.26 million units, representing a 12.5% market share.
News categories: TCL, Omdia, Digital TV, Market Research, Smart TV, Worldwide

LG and Meta join forces on XR device development
Feb 28, 2024 – LG is ramping up its collaboration with Meta. LG envisions that by bringing together Meta's platform with capabilities from its TV business, a distinctive ecosystem can be forged in the XR domain.
News categories: LG Electronics, Meta Platforms, William Cho, Park Hyoung-sei, Mark Zuckerberg, Digital TV, Metaverse, Worldwide

Nexxen settles with Alphonso and LG, entering into three-year partnership
Feb 28, 2024 – Nexxen (AIM/NASDAQ: NEXN) has settled its dispute with Alphonso and LG. Alphonso will also allow Nexxen to monetize a portion of LG's CTV inventory and will use Nexxen's discovery and segmentation tools.
News categories: Nexxen, Alphonso, LG Electronics, Ofer Druker, Serge Matta, Advertising, Big Data, Digital TV, Streaming, Worldwide

Global TV shipments fell 3% in 2023
Feb 26, 2024 – Counterpoint Research is initiating coverage on Global TV shipments with its Global TV Shipment Tracker, a quarterly report split by region, screen size, resolution, ASP and other features.
News categories: Counterpoint Research, Tom Kang, Digital TV, Market Research, Smart TV, Worldwide

Paramount to launch Paramount+ branded destination with Multichoice
Feb 26, 2024 – Paramount Global Content Distribution has announced a licensing deal with MultiChoice to create a Paramount+ branded destination on the pan-African platform.
News categories: Paramount, Multichoice, Lisa Kramer, Nomsa Philiso, Digital TV, South Africa, UX

Global TV shipments in 2023 down 2.7% YoY at 195 million units
Feb 1, 2024 – TrendForce research indicates that global TV shipments in 2023 were approximately 195 million units - down 2.7% YoY. In the first quarter of 2024 shipments are expected to decrease by 18.9% QoQ.
News categories: TrendForce, Digital TV, Market Research, Smart TV, Worldwide

Télédiffusion d’Algérie expands offering on EUTELSAT 7 West A
Feb 15, 2024 – Eutelsat (Paris, London:ETL) has announced that Télédiffusion d’Algérie (TDA) has increasd its capacity on EUTELSAT 7 West A, consolidating its TV and radio channels at 7/8° West.
News categories: Eutelsat, Télédiffusion d’Algérie, Laurence Delpy, Algeria, Content Distribution, Digital TV, Satellite

U.S. home entertainment spending up 16.8% in 2023
Feb 7, 2024 – According to DEG, overall U.S. consumer spending on digital and physical home entertainment formats in 2023 was $43 billion, a 16.8% increase from the almost $37 billion consumers spent in 2022.
News categories: Digital Entertainment Group, Digital TV, DVD, Market Research, Streaming, USA

EU: Council and Parliament strike deal on right-to-repair directive
Feb 2, 2024 – The European Council and Parliament have reached a provisional deal on the directive that promotes the repair of broken or defective goods, also known as the right-to-repair (R2R) directive.
News categories: European Union, Digital TV, EU, Regulation, Smart TV