The Korea Times close
National
  • Politics
  • Diplomacy
  • Defense
  • Labor & Environment
  • Law & Crime
  • Health & Welfare
  • Embassy
  • Seoul & Provinces
  • Education
  • Foreign Communities
  • Obituaries
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Finance
  • Policies
  • Economy
  • Markets
  • Banks
  • Non-banks
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
Lifestyle
  • Arts
  • Books
  • Travel & Cuisine
  • Trend
  • Fashion
  • Around Town
  • Fortune Telling
Entertainment
  • K-pop
  • K-dramas & Shows
  • Movies
  • Music
  • Performances
  • Asia Model Festival
Sports
  • Football
  • Golf
  • Baseball
  • Other Sports
World
  • Asia Pacific
  • Americas
  • Europe & Africa
  • SCMP
Video
  • On the Spot
  • Feature
  • News
Photos
  • Photo News
  • Darkroom
Community
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Biz & Tech
  • Auto
  • IT
  • Game
  • Manufacturing
  • Retail & Food
  • Energy
  • Construction
  • Airlines
Tue, March 2, 2021 | 14:32
IT
LG seeks deal with Fox for Web-based TV
Posted : 2014-01-21 17:53
Updated : 2014-01-21 17:53
Mail
Print Preview
Font Size Up
Font Size Down
By Kim Yoo-chul

LG Electronics is in talks with Fox TV, a major U.S. broadcaster, to buy the latter's content for its recently-released first Web-based TV, which will run on the software platform it bought from Hewlett-Packard last year, an LG official said Tuesday.

"We are negotiating terms with Fox TV to put its content and other services on our WebOS TV," the official said.

He added that LG, the world's second-biggest TV manufacturer, will launch large-scale promotional campaigns for content providers, broadcasters as well as leading distribution channels from the latter half of this year.

The partners will include BestBuy and large retailers in Europe and China.

"WebOS TVs will account for over 65 percent of total TV shipments we expect this year. This is a survival issue. We remain bullish over the outlook for WebOS TVs."

The official said senior executives at the home entertainment division, which manages its TV business, have met with U.S.-based partners to discuss possible contracts.

During this year's technology show in Las Vegas, LG unveiled the WebOS TV.

The rebuilt platform, which had been initially developed by Palm, expects to help expand the Korean firm's presence in the global TV market.

Explosive growth for smartphones and tablets are dealing a blow to demand for fixed-set televisions as consumers question whether they can afford to pay hundreds of dollars more for premium TVs.

Despite new orders and trends, LG is vying with market leader Samsung Electronics to gain more share of the market for connected TVs as it believes more consumers will opt for video services from content providers such as Netflix, Hulu and Amazon.com

"Fox isn't the only target. We are also in talks with major sports channels such as ESPN. Simply put, Google's Android and Apple's iOS platforms are dominating the mobile industry. But there are no dominant software platforms for televisions. We are ready to spend more money on that," said an official at LG Electronics' content-related division in the United States.

He said the company is looking at opportunities for acquisition deals, though he declined to comment further.

LG said earlier it will release 12 new TV models this year with ultra high-definition (UHD) display technology. The new sets, powered by WebOS, will deliver programs from streaming service Netflix.


Emailyckim@koreatimes.co.kr Article ListMore articles by this reporter









 
 
  • South Korea's next generation jet KF-X set to roll out, boost local defense industry
  • Growing pains of Korea's leading internet firms
  • Moon's continued two-track approach unlikely to help improve ties with Japan
  • Bloody Sunday in Myanmar
  • New moms in their 20s becoming increasingly rare
  • Woman fined for breaking quarantine to visit dying father
  • Portion of male births of newborns hits record low
  • McKinsey set to entice Oliver Wyman Korea's clients
  • Myanmarese workers in Korea stage democracy rally [VIDEO]
  • Loan interest rates rise sharply
  • Stray Kids' Hyunjin admits to bullying, takes hiatus from performing Stray Kids' Hyunjin admits to bullying, takes hiatus from performing
  • 'Minari' wins best foreign-language film at 2021 Golden Globes 'Minari' wins best foreign-language film at 2021 Golden Globes
  • K-pop girl group members accused of ostracizing bandmate K-pop girl group members accused of ostracizing bandmate
  • Lady Gaga's dogs recovered safely after theft, shooting Lady Gaga's dogs recovered safely after theft, shooting
  • BTS wins Song of the Year, Best Pop Song Award at Korean Music Awards BTS wins Song of the Year, Best Pop Song Award at Korean Music Awards
DARKROOM
  • Bloody Sunday in Myanmar

    Bloody Sunday in Myanmar

  • Earth is suffering

    Earth is suffering

  • NASA's Perseverance rover is landing on Mars

    NASA's Perseverance rover is landing on Mars

  • Fun in the snow, sledding for everyone

    Fun in the snow, sledding for everyone

  • Our children deserve better: Part 3

    Our children deserve better: Part 3

  • About Korea Times
  • CEO Message
  • Times History
  • Content Sales
  • Media Kit
  • Contact Us
  • Location
  • Privacy Statement
  • Terms of Service
  • Mobile Service
  • RSS Service
  • 고충처리인
  • hankookilbo
  • Dongwha Group
  • Code of Ethics
Copyright