German TV manufacturer Loewe has filed for insolve

first_imgGerman TV manufacturer Loewe has filed for insolvency, as attempts to restructure the business and refocus itself as an “entertainment platform system provider.”In a statement, Loewe said that the Coburg insolvency court yesterday approved the self-administration proceedings from Loewe’s management, but said that business “will remain fully operational beyond October 1, 2013.”It said that a restructuring process, initiated by the executive board, will also continue and that the company’s banks and the Bavarian state government continue to support the firm’s restructuring.“At the core of the change process at Loewe is the move from a TV manufacturer to an entertainment platform system provider. Besides specialised hardware knowledge, it is becoming increasingly important for Loewe to have greater software expertise to facilitate the management of its multimedia smart home-entertainment systems,” said Loewe.“Moreover, the company will join forces with partners to start offering special premium content exclusively for Loewe customers, thereby underlining the strong benefits of Loewe systems.”The firm has already partnered with Chinese company Hisense and recently launched joint sales and marketing activities with them in Austria, which Loewe said would be a test market for other European countries.last_img read more

Sony Pictures Home Entertainment is due to launch

first_imgSony Pictures Home Entertainment is due to launch a new 4K Ultra High Definition movie streaming service in the US next week.ULTRA will launch on Sony 4K Ultra HD TVs, powered by the Android TV operating system, on April 4.Sony said that the app will allow users to buy Ultra HD movies, with many titles including high dynamic range (HDR) and digital extras.Films available on ULTRA will include new releases like Concussion and The Night Before and library titles such as Crouching Tiger Hidden Dragon and Ghostbusters – priced at US$30 in 4K with HDR.“Consumers are rapidly upgrading their living rooms to 4K, and Sony Pictures Home Entertainment’s new ULTRA streaming service will provide a premium viewing experience to satisfy growing demand for 4K movies and television shows,” said Jake Winett, vice-president, consumer services and advanced platforms at Sony Pictures Home Entertainment.“ULTRA takes advantage of the latest industry innovations – 4K resolution, high dynamic range, a wider colour spectrum, digital movie extras, and UltraViolet interoperability – so viewers get the most out of their televisions and their movie collections.”Sony said the UltraViolet compatibility will allow users to link their ULTRA profiles with their existing UltraViolet libraries, and stream Sony Pictures content previously purchased or redeemed through other UltraViolet-compatible retailers.Sony Pictures Store customers that already own HD versions of select titles will also be able to upgrade them to 4K on ULTRA for a discounted price, while customers who buy an eligible Sony 4K Ultra HD televisions this summer will get four complimentary movies when they sign up for ULTRA.Sony first announced plans for the ULTRA service at the Consumer Electronics Show in Las Vegas earlier this year.last_img read more