Xperi Advances Its Plan for TiVo OS Smart TVs in Sharp Deal

TiVo has indicated it will enter the North American smart television set market, announcing a “multi-year, multi-million-unit agreement” with Sharp that will see sets start to ship in 2024 beginning in Europe. The move to populate the TV ecosystem with hardware running Xperi’s TiVo OS pits the company against an entrenched group of smart TV competitors that includes Amazon Fire TV, Android TV, Google TV, Roku, Samsung Tizen and LG Electronics’ webOS. Added to those is the Comcast and Charter Communications Xumo brand, and also Telly, which offers free TVs supported by ads. Continue reading Xperi Advances Its Plan for TiVo OS Smart TVs in Sharp Deal

Linear TV Viewership Dips Below 50 Percent for the First Time

Linear TV viewership fell below 50 percent for the first time in July, according to Nielsen’s The Gauge, which tracks total broadcast, cable and streaming consumption via television. Among total TV viewership, broadcast and cable accrued record low shares of 20 percent and 29.6 percent, respectively, representing a linear television total of 49.6 percent. Combined, it still topped TV set streaming viewership, at 38.7 percent, a 2.9 percent increase from June and that month’s streaming record-high share. YouTube (not including YouTube TV) was again the top streamer with a 9.2 percent TV share, up 5.6 percent versus June. Continue reading Linear TV Viewership Dips Below 50 Percent for the First Time

NFL+ Boosts Prices as It Bundles with NFL Network, RedZone

The National Football League is raising the price of its streaming service, NFL+, now in year two, as live streams of the NFL Network and NFL RedZone cable channels are becoming part of the package. Cost of the premium plan will be $14.99 a month (or $99.99 per year), up 50 percent from $9.99, with the bundled NFL Network and its exclusive regular-season games, and fan-favorite RedZone, which carries live action from all Sunday afternoon games. A subscription to NFL+ with only the NFL Network added will increase 40 percent to $6.99 per month (or $49.99 per year), from $4.99. The changes will coincide with the start of the new season on September 10. Continue reading NFL+ Boosts Prices as It Bundles with NFL Network, RedZone

Private Equity Firm STG Plans to Acquire Avid for $1.4 Billion

Massachusetts-based editing software and services company Avid Technology has entered into an agreement with an affiliate of private equity firm STG for an all-cash transaction valued at approximately $1.4 billion, including Avid’s net debt. Unanimously approved by Avid’s board of directors, the deal is expected to close during the fourth quarter of 2023. Upon completion, Avid will become a privately-held company and its stock will no longer be traded on the Nasdaq exchange. The transaction, which will be financed through equity and debt financing, is subject to Avid stockholder and regulatory approvals. Continue reading Private Equity Firm STG Plans to Acquire Avid for $1.4 Billion

KKR Will Pay $1.62 Billion for Paramount’s Simon & Schuster

Paramount Global has agreed to sell publishing giant Simon & Schuster to private equity firm KKR for $1.62 billion in an all-cash transaction. Paramount Global President and CEO Bob Bakish said the transaction “delivers excellent value to Paramount shareholders while also positioning Simon & Schuster for its next phase of growth with KKR.” On closing, expected in the first half of 2024, Simon & Schuster will become a standalone private company under the continued leadership of President and CEO Jonathan Karp and COO and CFO Dennis Eulau. Continue reading KKR Will Pay $1.62 Billion for Paramount’s Simon & Schuster

Study: Streaming Viewers Are Interested in Hubs for Discovery

Content hubs are gaining traction with streaming platforms as a search and discovery tool, according to a new study by Horowitz Research, which notes eight in 10 consumers indicating they watch content from a collection or hub occasionally. Multicultural audiences are turning to using hub resources in significant numbers, with African American streamers engaging at the 80 percent rate, and Asian viewers at 65 percent. The number trends higher — at 77 percent — among less acculturated Asian streamers. Among Latinx streamers, nearly 59 percent say they’ve turned to Latinx content collections, with less acculturated doing so at higher rates (78 percent). Continue reading Study: Streaming Viewers Are Interested in Hubs for Discovery

Artificial Intelligence Will Likely Impact the Future of TV News

Local TV news may soon undergo an AI-driven revolution that will make artificially-generated newscasts a reality nearly 40 years after digital anchor Max Headroom introduced the concept. Veteran newsman and author Hank Price predicts that while the transition is still a few years in the making, the process is already underway, with AI already being used to alter the voice and images of human anchors and offering the possibility to eventually create computer-generated newsreaders with their own personalities. Comparing the advent of newsroom AI to switching to robotic cameras, he says the move will be costly but save money over time. Continue reading Artificial Intelligence Will Likely Impact the Future of TV News

Study: Smart TVs Are Now in 74 Percent of American Homes

Four in five U.S. homes now have a smart TV, accounting for three in five TV sets, according to the fifth annual Hub Entertainment Research “Evolution of the TV Set” survey, which found streaming is growing commensurate with penetration of the intelligent displays. About 64 percent of viewers use their smart TVs to stream video, while roughly half use the connected devices to stream music or other audio content, the study found. The 74 percent of households that own at least one smart TV is up from 61 percent in 2020. Additionally, Horowitz Research found that consumers are increasingly turning to curated collections and hubs for content discovery. Continue reading Study: Smart TVs Are Now in 74 Percent of American Homes

Roku TVs, Unique Ad Units Drive Q2 Revenue Up 11 Percent

Roku’s Q2 earnings came with the news that it added 1.9 million new active accounts and became the top selling TV OS in the U.S., according to the company. Roku now touts more than 73.5 million active accounts on Roku Players and Roku TVs, and claims that its number of sets sold beat the next three manufacturers combined. The company posted Q2 revenue of $847.2 million, an 11 percent increase year-over-year, against a net loss of $107.6 million. Advertising-supported Platform sales were up 11 percent, to $744 million, despite continuing troubles sector-wide. Continue reading Roku TVs, Unique Ad Units Drive Q2 Revenue Up 11 Percent

Nielsen: June Marks a New All-Time Record for TV Streaming

Streaming accounted for 37.7 percent of overall U.S. TV usage in June, a record share for the digital format. Cable TV accounted for 30.6 percent and broadcast 20.8 percent, according to Nielsen’s monthly snapshot The Gauge. TV viewing was up 2.2 percent in June, the first monthly increase since January. The uptick was principally attributed to young viewers and the summer break. Notably, TV consumption among the 2-11 and 12-17 age groups was up 16.3 percent and 24.1 percent, respectively, compared with May. Alternative viewing options — including streaming and video gaming — accounted for 90 percent among those groups. Continue reading Nielsen: June Marks a New All-Time Record for TV Streaming

Fable’s AI Showrunner App Generates Complete TV Episodes

San Francisco-based startup Fable has raised the curtain on its research involving “AI Showrunner” technology, an app it’s calling SHOW-1. As part of an ongoing project dubbed “The Simulation,” Fable is proffering demonstration footage of how SHOW-1 can generate episodes of the animated television show “South Park,” inserting anyone as the star. Fable claims its Showrunner system generates more than just scripts and dialogue, but can animate, add vocal performances and edit full episodes based on something as basic as a two-sentence prompt. Continue reading Fable’s AI Showrunner App Generates Complete TV Episodes

LG Unveils Plans to Turn webOS into Media and Ad Platform

LG Electronics has unveiled a plan to increase global revenue from 2022’s $51 billion to about $79 billion by 2030 as it transitions to a “smart life solution company.” A big part of that will be through subscriptions to add-on services for its TVs and home appliances. The South Korean tech giant’s CEO William Cho said the idea is to get the LG smart system, webOS, onto more third-party brands. Cho outlined plans for a “platform-based service business model that continuously generates profits, such as content and services, subscriptions and solutions” across all product categories. Continue reading LG Unveils Plans to Turn webOS into Media and Ad Platform

Roku Lets Customers Make Shopify Purchases with Remote

Video streaming tech company Roku has partnered with e-commerce platform Shopify to offer television viewers the ability to purchase products using their TV remotes. When a Roku Action Ad appears featuring a Shopify merchant, viewers can press OK on their Roku remote to get more information about the product and click to purchase directly from their TV. Consumers will be able to check out using Roku Pay. Roku explains Action Ads as “advertisements on Roku streaming devices that provide a down funnel action, such as sending users a text, scanning a QR code, or making a purchase.” Continue reading Roku Lets Customers Make Shopify Purchases with Remote

JoshGPT Offers Conversational AI to Control the Smart Home

Smart home platform Josh.ai is rolling out JoshGPT and a handheld remote control that allows users to integrate operational functionalities with a generative assistant that answers questions across all topics. The new features are intended to make Josh.ai a contender against Amazon Alexa, Google Assistant and the Apple HomeKit. With its Josh app, location-aware Josh Micro with Nano microphones and handheld Josh Remote, the company says Josh.ai is “more than a voice add-on, it is the industry’s only multifaceted control system.” Custom software also lets Josh Remote simplify installation and provide a dedicated experience for each household TV. Continue reading JoshGPT Offers Conversational AI to Control the Smart Home

NBCUniversal to Introduce Dozens of FAST Channels in July

NBCUniversal has plumbed its vaults to fuel nearly 50 new FAST channels launching in July on Amazon Freevee and the new Xumo Play joint venture from NBCU parent Comcast and Charter Communications. The lineup, taken from NBCU’s Television and Streaming and Global Distribution libraries, includes verticals for “Saturday Night Live,” “Top Chef,” “Keeping Up with the Kardashians” and “The Real Housewives,” as well as Spanish-language programs from Telemundo. There are also nostalgia channels featuring “The Lone Ranger,” “Little House on the Prairie” and “Murder, She Wrote,” and genre-based streams of comedy, criminality and monsters. Continue reading NBCUniversal to Introduce Dozens of FAST Channels in July