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Blockbuster plans to part with 960 retail stores by end of 2010

Seriously, Blockbuster can't seem to get a break. In a recent SEC filing, the company identified 18 percent of its retail outlets it deemed unprofitable and announced plans to close up to 960 stores by the end of 2010. That's divided into up to 685 by the end of this year and the remaining 275 the year after, but the filing continues to say that up to 1,560 locations, or 22 percent of its total retail coverage, could end up falling the wayside. Another slide indicates how the company sees itself going forward, with an expansion of kiosks and its Total Access subscriber base, and putting OnDemand in "nearly every connected device." Of course, if this brings Blockbuster back to profitability as it expects to be, then more power to it, but it's clear that the one-time king is fighting wars on a number of sides and has a long way to go if it intends to stay afloat, much less reclaim its crown.


[Via CNET]

Sharp, CEC partner up for cheap LCDs in China

Sharp CEC
Sharp and Sony are planning to dazzle and amaze us with the latest and greatest 10G LCDs rolling off the production lines of their shared facility in 2011, but there will still be plenty of money to made on older tech. With an eye on the bottom line, Sharp has partnered up with the generically-named China Electronics Corp. (CEC) in Nanjing. Not only will Sharp be selling 6G equipment for smaller displays to the Panda group of CEC, but the two will also be firing up an 8G LCD plant in Nanjing in March of 2011. Thanks in part to government stimulus action, China's developed a voracious appetite for affordable LCDs, and the Nanjing plant will aim to serve up 80,000 cheap panels to the market. So far, this collaboration is all about LCDs, so don't expect any CHBD-infused toys from Sharp any time soon.

Plasma steals a round from LCD in the second quarter of 2009

Plasma boxing LCD
Strange days, indeed -- we never would have thought it, but in the second quarter of 2009 plasma was the only large screen (greater than 40-inches) TV technology to show growth in the US market. Compared to the first three months of the year, plasma was up 31-percent in volume and 35-percent in dollars according to research firm Quixel. Take the DTV transition and add in the soft economy, and you've got a recipe for moving low-priced and good-looking 42-inch, 720p plasmas -- a whopping 40-percent more units. Even plasma fanboys like us wouldn't mistake this as a comeback, but we're happy to see evidence that consumers are using their eyes for more than peeping spec sheets when figuring a set's value. The revenue figures clearly show plasma's 50-inch battle line -- a large decrease in 46 - 50-inch 1080p sets was outweighed by gains in 1080p sets larger than 50-inches, and the 237-percent increase in sets 60-inches and up shows the way forward. [Warning - PDF read link]

Pioneer plots a Kuro-less future in the home theater market

Pioneer empty Kuro
If you were afraid that the post-Kuro Pioneer would retreat to car audio, fear not, because the company has plans to soldier on in the HT space with a marketing message that emphasizes both its A/V specialty roots and "balanced" home-A/V product lineup. As much as we love those Kuro plasmas, there's no denying that the prices didn't exactly jive well with the company's efforts to get consumers to recognize the value proposition in its other products. We'll admit that everyday consumers (read: not Engadget HD readers) looking to assemble a one-brand system could have been scared off of the Pioneer name by the Kuro prices, but we wish Pioneer would have kept its plasmas around as an "aspirational" product and allowed shoppers to cross-shop displays by building in deep, off-brand HDMI-CEC support into its other electronics. Wiping our fanboy tears aside, we have to give Pioneer credit -- its current lineup of electronics (AVRs especially) stack up competitively on the value-o-meter; which is good, because with companies like Denon, Onkyo and Yamaha around, it's in for a tough fight.

Xbox 360 officially the only console to stream Netflix -- sorry, PS3 and Wii


We actually had to brush the fog off of our spectacles to ensure that hazy conditions weren't clouding our comprehension abilities, but sure enough, that Netflix streaming that Xbox LIVE members have grown to love won't ever land on Sony's PlayStation 3 nor on Nintendo's Wii (PlayOn notwithstanding). At the very bottom of Microsoft's long list of details surrounding today's Xbox LIVE update, we're clearly told that the Netflix Watch Instantly integration is now an "exclusive partnership," with Microsoft going so far as to say that the "Xbox 360 will be the only game console to offer this movie-watching experience, available to Xbox LIVE Gold members who are also Netflix unlimited plan subscribers." Of course, we'd heard rumors over the years that Netflix could sashay over to other consoles in due time, but it looks like the suits in Redmond had the foresight to lock things down while they still had a chance. So, are you reconsidering that Xbox 360 purchase, or just looking that much more intently in Roku's direction? Full blurb is after the break.

[Thanks, David]

Now hear this -- NHT is back

NHT is back
It's no secret we were holding out hope for speaker and electronics manufacturer NHT to make a comeback, but we didn't expect it's happen this soon. The iconic audio company powered things down at the end of March, and now co-founder Chris Byrne bringing the company back with a new factory-direct web-centric business model that will skip right over the middleman to the tune of as much as 30-percent savings. There's no substitute for a live demo, especially for audio, so authorized dealers will still have showrooms; but orders will still come factory-direct to consumers. Sounds reasonable, but we're curious about how much of a slice dealers take, and how they get credit for sales they generate in exchange for not having to carry any stock. Still, we've got to give credit to NHT for trying to get the crusty audio market moving in a new direction and hope this thing catches on so we can see some of the eight new product concepts currently in the works at NHT.

VOOM HD gear goes up for auction

VOOM HD auction paddleListen up, aspiring HD content creators -- VOOM HD's demise could be your gain. If the HD video features of the latest crop of DSLRs and DILs (digital interchangeable lens) aren't enough for you, you'll have a chance to pick up some of VOOM HD's gear at an auction on June 16. Among the items up for grabs are a bunch of Sony HD camcorders, Canon HD lenses, and 5 Panasonic PT-AE2000U projectors that we imagine would do a perfectly fine job in the living room. If you've got some cash burning a hole in your pocket, this could be a great way to jump-start your HD rig, but those attending the auction in person will need to watch out for snipers sitting in on the webcast.

Red is the new black as Panasonic joins Sony in posting annual losses

Panasonic logoThe corporate cultures at Panasonic and Sony are quite different, but the two companies now have something in common -- annual losses for the first time in a long time. At seven years long, Panasonic's run of profitability was only half that of Sony's, but this economy doesn't discriminate -- Panasonic wrapped up the fiscal year in March with parentheses surrounding a ¥444 billion ($4.6 billion) figure. All the product sectors we love -- TVs, digicams, appliances and semiconductors -- are hurting, falling short of the previous year's sales figures by 14.4-percent. With cost-cutting a top priority for the coming year, Panasonic's plasma TVs will have to pull in some numbers to avoid the axe -- we're hoping the NeoPDPs are as much of a hit with consumers as they are with reviewers.

Hauppauge puts a fresh coat of paint on its newly-acquired PCTV tuners

Pinnacle PCTV sold to Hauppauge
It looks like it took a little longer than expected, but the sale of Avid's Pinnacle PCTV line of TV tuners to Hauppauge has finally gone through. The handoff certainly seems to be getting started on the right foot -- Hauppauge has already fired up the PCTV Systems brand as a separate entity to keep things moving nice and smoothly. The new company's webpage offers a cornucopia of tuners in USB, PCI and PCMCIA flavors, all brandishing a revamped but strangely familiar logo. The PCTV products certainly are right in line with Hauppauge's other offerings, but from the looks of things, the PCTV brand will get treated to a little more colorful and polished marketing.

DirecTV to merge with majority shareholder Liberty Entertainment

Hmm, now isn't this interesting? Just months after Liberty Media reached out at the eleventh hour and rescued Sirius XM from imminent bankruptcy, it's now spinning off its entertainment division (Liberty Entertainment) and combining it with DirecTV (which Liberty already controls). We're told that the new Liberty Entertainment will hold 54 percent of DirecTV Group shares and 65 percent interest in the Game Show Network, not to mention three regional sports networks and a few other things not worth mentioning. The move is being made as the "John Malone-controlled vehicle looks to simplify its capital structure," and if all goes well, the paperwork should be completed by the end of the year. Oh, and so far as we can tell, DirecTV consumers won't even notice the shuffling going on behind the scenes.

CEA rails on California's proposed TV energy standards, rings doomsday bell

Oh, brother -- you had to see this coming, didn't you? Soon after details of the California Energy Commission's proposed TV efficiency standards leaked out, the Consumer Electronics Association (CEA) has fired back a shocking press release in order to sound the alarm and get people in opposition. According to its "research," setting arbitrary limits on television electricity usage will end up costing California $50 million annually in state tax revenue and will destroy some 4,600 jobs in the TV sales, distribution and installation business. In the CEA's eyes, this proposal "eliminates consumer choice and will remove 25 percent of televisions from the market." Naturally, all of these assertions pay no attention whatsoever to the environment, and while we won't bother with inserting any politics here, we'd advise hitting the read link just to see what blatant bias looks like in its purest form.

AMC adding upwards of 1,500 3D screens in North America


Remember when seeing a movie was simple? You just strolled in, paid one low price for a ticket, and you saw the flick. No worrying over which theaters had 4K projectors, which had DTS sound or which had 3D support. As cinemas across the nation continue to leap on the three-dee bandwagon, RealD and AMC Entertainment has just linked up in order to bring up to 1,500 3D screens across Canada and the US. We're told that the rollout is already underway, with more and more screens getting equipped each month. All told, this will bring RealD's 3D network to nearly 8,000 total committed screens worldwide with approximately 2,600 RealD 3D screens installed today. Excited? No?

Sharp Display Products emerges from Sharp / Sony joint venture


It's been just over a year since we first heard that your next Sony LCD TV may actually be a Sharp, and while the joint venture has been flipped on and off again during the past 13 months, it seems that the stars are finally aligning in order to make this thing happen. Sharp is preparing a unit that will be launched on April 1st in order to act as "a base to be transformed into the joint venture." The unit will be christened Sharp Display Products Corporation, with Sharp owning 66 percent (and thus, the namesake) and Sony taking the remaining 34 percent. The two currently plan to start up production of LCD panels by March of 2010, which gives Sharp a solid dozen months to construct the facility in Sakai, Japan. Better hurry, folks -- it's not like OLED is breathing down your neck or anything.

Netflix lays out official response to bandwidth capping allegations


After a small but vocal amount of Netflix users got the world thinking that it was pulling a Comcast and putting caps on computer-based Watch Instantly users, the outfit's Chief Product Officer Neil Hunt has come forward to clear the air. He makes clear that Netflix's aspiration is to "deliver to everyone the best bitrate that their broadband connection can support," also noting that congestion "could affect some users, but not others, at some times, but not always." He also notes that different titles and encodes for different playback device types "may come from different CDNs or different servers at a particular CDN, so they may have different paths and different bottlenecks." We'd encourage you to hit the read link for the full explanation, but we're already seeing enraged Roku users bark back by his dodging of the so-called out-of-sync audio issue that's evidently still present. We'll go ahead and warn you, Netflix -- you can't please 'em all.

Blockbuster to cut costs, buy fewer DVDs from studios


Maybe we're way off our rocker here, but it seems like every quarter Blockbuster is trying something new to get its business out of the dumpster. We've heard everything from potential mergers to boosted rental prices to yes / no on enhanced digital delivery, and now we're hearing that it'll be slashing costs by offering less of what you want more of. While the company saw same-store sales increase 4.4 percent in Q4 and 6.4 percent for the full-year 2008, it still managed to post a $435 million loss on an impairment charge for the most previous ending quarter. In order to shave costs, we're hearing that it'll be buying fewer DVDs from studios and lobbying for "better revenue-sharing participation from movie studios and video games publishers." In reality, though, we see all of this as just a band-aid for a stupendously large gash; it's going to take a serious overhaul for Blockbuster to survive the next decade, and buying a few less discs ain't it.

[Via TomsPayde]




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