Consumer Electronics
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Best Buy Q3 Entertainment Revenue Up 17.5%
Best Buy Nov. 24 reported strong third-quarter (ended Oct. 31) sales, driven in part by a near 174% increase in e-commerce revenue and entertainment. The entertainment segment, which includes products such as DVD/Blu-ray Disc movies, video game hardware and software, books, music CDs and computer software, saw same-store sales increase 17.5% compared to a 20.8% … Continue reading “Best Buy Q3 Entertainment Revenue Up 17.5%”
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NRF: 2020 Winter Holiday Sales to Grow 5%
The National Retail Federation Nov. 23 forecast that holiday sales during November and December will increase from 3.6% to 5.2% from the same period last year, generating $755.3 billion to $766.7 billion in revenue. The data, which excludes automobile dealers, gasoline stations and restaurants, compares with a 4% increase to $729.1 billion in 2019, and … Continue reading “NRF: 2020 Winter Holiday Sales to Grow 5%”
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Best Buy Q3 Entertainment Revenue Up 17.5%
Best Buy Nov. 24 reported strong third-quarter (ended Oct. 31) sales, driven in part by a near 174% increase in e-commerce revenue and entertainment. The entertainment segment, which includes products such as DVD/Blu-ray Disc movies, video game hardware and software, books, music CDs and computer software, saw same-store sales increase 17.5% compared to a 20.8% … Continue reading “Best Buy Q3 Entertainment Revenue Up 17.5%”
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NRF: 2020 Winter Holiday Sales to Grow 5%
The National Retail Federation Nov. 23 forecast that holiday sales during November and December will increase from 3.6% to 5.2% from the same period last year, generating $755.3 billion to $766.7 billion in revenue. The data, which excludes automobile dealers, gasoline stations and restaurants, compares with a 4% increase to $729.1 billion in 2019, and … Continue reading “NRF: 2020 Winter Holiday Sales to Grow 5%”
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Dolby: 72% Uptick in U.S. Consumer Home Entertainment Spending in 2020
U.S. consumers have increased their purchase and rental of home entertainment by 72% in 2020, according to a new global survey by Dolby Laboratories that illustrates a significant shift in consumer entertainment behavior. Led by Gen Z and Millennials, consumers are spending more than ever on entertainment, which is fueled by the desire for human … Continue reading “Dolby: 72% Uptick in U.S. Consumer Home Entertainment Spending in 2020”
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Verizon: Online Holiday Shopping Traffic Up 82%
With the annual post-Thanksgiving Black Friday retail event a week away, new research data suggests consumers have already begun their winter holiday shopping — online, with ecommerce traffic up 82% in November compared to the previous-year period. The seventh annual edition of the Verizon Business Retail Trends Report finds holiday shopping surging early this year … Continue reading “Verizon: Online Holiday Shopping Traffic Up 82%”
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1.53 Million Homes Added Broadband in Q3 — The Most in 11 Years
As pay-TV operators continue to hemorrhage video subscribers to cord cutting and over-the-top alternatives, a silver lining has emerged: high-speed Internet. Linear TV providers have become broadband gatekeepers enabling households to access the world wide web while offering a fiscal lifeline to an industry in flux. New data from Leichtman Research Group found that the … Continue reading “1.53 Million Homes Added Broadband in Q3 — The Most in 11 Years”
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Kaleidescape Appoints New CEO
Luxury home cinema company Kaleidescape has appointed Tayloe Stansbury CEO, succeeding Cheena Srinivasan, who has served as CEO since 2014, Srinivasan will remain with Kaleidescape as founder and EVP, focused on alliances and business development, including movie studio relationships. In addition, Norma Garcia-Muro has joined Kaleidescape as VP of marketing. “We are excited to have Tayloe’s expertise in product, … Continue reading “Kaleidescape Appoints New CEO”
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Amazon Launching Prime Black Friday Deals on Nov. 20
The post-Thanksgiving Black Friday retail holiday is starting a week early at Amazon. The e-commerce behemoth Nov. 16 announced it would begin offering special deals on its website on Nov. 20. Beginning Nov. 20 through Black Friday on Nov. 27, Amazon will release tens of thousands of deals with deep discounts and low prices, including … Continue reading “Amazon Launching Prime Black Friday Deals on Nov. 20”
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HBO Max (Finally) Joins Amazon Fire TV Platform
WarnerMedia’s SVOD platform HBO Max Nov. 16 got a huge boost when it announced the streamer would officially join Amazon’s Fire TV platform, including Fire TV Edition smart TVs and Fire tablets, on Nov. 17. Max has been conspicuously absent from Fire TV (and Roku platform) since launching six months ago–hindering subscriber growth, according to … Continue reading “HBO Max (Finally) Joins Amazon Fire TV Platform”
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Sony PlayStation 5 Launches With 4K UHD Blu-ray Disc Drive
Sony Interactive Entertainment’s much anticipated PlayStation 5 video game system launches today (Nov. 12) in the United States, Canada, Mexico, Australia, New Zealand, Japan and South Korea. The global rollout commences on Nov. 19 with bows in Europe, Middle East, South America, Asia and South Africa. The PS5 Digital Edition retails for $399.99 and the PS5 with an Ultra HD Blu-ray disc … Continue reading “Sony PlayStation 5 Launches With 4K UHD Blu-ray Disc Drive”
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Roku Says Apple’s Airplay 2 Streaming Service Now on Select 4K Devices
In a major development, Roku on Nov. 11 announced that with the release of the new operating system Roku OS 9.4, Apple AirPlay 2 and HomeKit support is now available on select 4K Roku devices. These include the Roku Ultra, Roku Streambar, Roku Smart Soundbar, Roku Streaming Stick+, and Roku Premiere. Apple AirPlay 2 and … Continue reading “Roku Says Apple’s Airplay 2 Streaming Service Now on Select 4K Devices”