After several years of litigation, the patent-infringement case that TiVo launched against Dish Network and EchoStar has come to an end. Dish Network and EchoStar have agreed to pay TiVo $500 million to settle the case, including an upfront payment of $290 million from Dish and $10 million from EchoStar. Between 2012 and 2017, the companies will pay TiVo the remaining $200 million in equal installments. The parties also agreed to eliminate all pending litigation between them. The battle between the companies started in 2004 when TiVo claimed EchoStar, which was Dish Network's parent company before the satellite provider was spun off in 2007, violated its "multimedia time warping system patent." That patent covers how DVR users can watch one program while another is recorded. For its part, TiVo felt vindicated. The company said last month that after a long wait, it finally had the ruling it needed to ensure it could receive the damages it has been seeking for years.
Kramer Electronics, a worldwide supplier of innovative switching products, put its technology to work helping Kiowa County, KS, rebuild after a devastating tornado that took 12 lives and left 1,200 townspeople homeless and without any communication.
Panamax/Furman today announced that Texas-based A/V integrator Home Theater Design Group has won the company's "How do you BlueBOLT(R)?" contest. Home Theater Design Group's prize is a trip for two to the wine country of Sonoma County, Calif.
You'll soon be able to watch 3D movies from 30,000 feet in the air. A start-up company called MasterImage 3D is reportedly very close to signing a deal with multiple airlines to bring its display technology to TV monitors across entire fleets of aircraft. Hollywood Reporter notes that the company just received $15 million in funding from Samsung, which is sure to start pouncing on the emerging glasses-free 3D market.
Logitech was herald of wider problems with Google TV on Thursday after its winter fiscal results (PDF) revealed very low numbers. The peripheral maker made just $5 million in sales from the Revue and all its accessories. At $300 per device, the figure would have seen it ship fewer than 16,700 of the Android-based media hubs. The sales were a steep drop from the $22 million in the fall, the Revue's first full quarter in shops. It also fell well below its official estimates of $18 million. Logitech chief executive Gerald Quindlen justified the plunge by claiming that his firm had reduced the amount of marketing, but the claim was contradicted by a 19 percent increase in marketing costs that had been focused heavily on Google TV. Some anticipation has circulated around a reboot of Google TV at the upcoming Google I/O conference in May. While never confirmed by Google, rumors have persisted that it forced a last-minute delay in many companies' Google TV plans that pushed their launches from the CES expo in January to the fall to give time for a theoretically much improved version of the platform.
SIM2 USA is pleased to report that its new product tour, featuring the LUMIS 3D SOLO, 3-chip 3D projector and CRYSTAL single-chip projector, is in full swing. May 12th, the tour will stop at Stewart Filmscreen for a 3D partner event.
Consumer confidence in technology and the overall economy both increased in April, according to the Consumer Electronics Association. The lobby's Index of Consumer Technology Expectations--it's ice tea--increased four points this month to 82.4. The ICTE measures consumer expectations about technology spending. It rose for the second consecutive month and is 10 points higher than this time last year. "New model and product launches making headlines this month are likely driving consumer interest in spending on consumer tech," said Shawn DuBravac, CEA's chief economist and director of research. "New models for traditional categories, together with tablets, smartphones and gaming devices, have raised consumer sentiment heading into the second quarter of the year." Consumers are also feeling more confident about the overall direction of the economy. The CEA's Index of Consumer Expectations--just plain "ice"--rose five points in April to 166.2. The ICE measures consumer expectations about the broader economy, is up for the first time since January and is more than two points higher than this time last year. It plunged in March on concerns of geopolitical instability and the natural disasters in Japan. "Consumer sentiment improved this month despite continued concerns and uncertainty over the stability of U.S. credit quality," DuBravac said. "But Americans are feeling more confident about the job market as companies indicate an increasing willingness to hire, easing concerns and leading to greater confidence in the economy."
Netflix continued to post impressive quarterly financial numbers, ending the first quarter 2011 as the largest subscription video service in North America. In the first quarter, Netflix added 3.6 million subscribers, ending the period with more than 23.6 million subscribers in total. That was up 69 percent from the 14 million subscribers it had a year ago. To put that in context: Comcast ended 2010 with 22.8 million pay TV subscribers. While it's always possible the cable company could report subscriber additions in the first quarter, it's unlikely to do so, given its declines over the last several quarters. Most of Netflix's customer additions came in the U.S., where it added 3.3 million new users to end at 22.8 million subscribers. Internationally, Netflix added an additional 290,000 subs, to bring total international users to 800,000. Netflix's revenue for the quarter came in at $719 million, which was 46 percent higher than the prior year's first-quarter sales of $494 million. The company recorded net income of $1.11 cents a share, compared to 59 cents a share in the year-ago quarter and 87 cents a share in the fourth quarter of last year.
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The ProUltra Elite cable boasts superior construction, ensuring improved performance for a variety of home theater components
RadioShack's profit dropped 30 percent to $35 billion, which the company attributed to stiff competition as well as a contract dispute with T-Mobile. The company's mobility business did grow by 11 percent, the company said. "Despite a challenging economy and tough weather conditions, our first-quarter results were generally in line with our internal expectations," the company's president and CEO-designate, Jim Gooch, said as part of the announcement. "We expect the softness in our business to continue during the second quarter before we begin to see the benefits of our merchandising and sales initiatives improving both revenue and income trends in the back half of the year. In addition, growth in our mobility business will be aided by our tablet computer offerings, which are being introduced this month."
Nearly 20 percent of all TVs shipped in 2010 featured connected TV capabilities, according to new research released Monday by DisplaySearch. The DisplaySearch Q1 2011 Quarterly TV Design and Features Report, predicts the connected TV category to grow to over 123 million shipments in 2014 (at a 30 percent compound annual growth rate). Emerging markets will play a major role in this growth, the firm said, with Eastern Europe forecast to grow from 2.5 million connected TVs shipped in 2010 to over 10 million in 2014. In addition, DisplaySearch findings indicate that 33 percent of flat panel TVs sold in China in 2013 will have internet capability.
Analysts will present new data on Telehealth, Energy Management, and Home Networking Revenue Streams at Dallas Summit
15th annual event focuses on cloud media, emerging services, and connected CE
Explosive Growth -- a 51-Percent Compound Annual Growth Rate for the Past Five Years -- Fueled by Success in the Federal, Medical, and Enterprise Markets
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