Samsung posted the fastest quarterly profit growth in its mobile business in nearly three years, cementing its status as the world's top smartphone vendor following Apple's disappointing quarter. But LG and Sony continued to struggle as growth in the worldwide handset market slows to a crawl.
Sony announced a distribution deal to bring content from its ad-supported online video platform Crackle to Comcast's 22 million Xfinity TV subscribers. Starting Wednesday, Comcast will add Crackle shows such as Jerry Seinfeld's Comedians in Cars Getting Coffey to its VOD library, which has gained substantial traction in recent months as its content selection has expanded.
Hit hard by consolidation in the pay-TV industry, backend monetization services vendor CSG Systems International announced some diversified new business today, touting the involvement of its Ascendon digital service platform in Sony's new 4K streaming service.
Making an aggressive move into a home entertainment market bereft of 4K content, Sony said its "Ultra" movie streaming service will launch April 4.
With Sony's recent availability expansion and price reduction for PlayStation Vue, the online TV service is now in more direct competition with Dish Network's Sling TV. Both services are available nationwide, and Vue's new $30 entry level price isn't far off from the $20 monthly rate for Sling's most basic package.
Sony is revving up its OTT strategy, launching its PlayStation Vue linear streaming service nationwide. But its other product announcements signal that it may be planning to take online video in some slightly different directions to set it apart in the exploding VOD and live linear markets.
Sony said it will acquire Altair Semiconductor for $212 million in an effort to gain ground in the burgeoning IoT market.
LAS VEGAS-- Sony plans to launch a 4K streaming service in the U.S. aimed at providing purchasers of its 4K Bravia TVs with some content to play on them.
Sony filled a major programming gap in its PlayStation Vue service, signing a deal with the Walt Disney Co. to add ESPN, ABC-owned local stations, Disney Channel, ABC Family and several other networks to its streaming pay-TV service.
The global smartphone market grew at its slowest pace since 2009 in the third quarter according to research firm Strategy Analytics, a sign that even though Apple's profits are sky high and Samsung Electronics appears to be back on the road to recovery in its mobile business, the overall smartphone market is cooling.