Though custom integrators remain busy, their customers are “becoming more cautious,” Snap One CEO John Heyman said on the company’s Wednesday Q3 earnings call. Residential integrators' “discerning end buyers” tend to be more insulated from economic downturns and inflationary cost pressure, he said, but “we are starting to observe some changes in their buying behavior, such as project descoping, project delays and product trade downs to manage the overall cost of an installation,” he said.
Vizio Chief Technology Officer Adam Townsend cited “a general conservatism” in the market, on a Wednesday earnings call, referencing “pockets of uncertainty out there.” Vizio’s Q4 projections for earnings before interest, taxes, depreciation and amortization were below analysts’ expectations at $15 million to $19 million, compared with adjusted EBITDA of $16.7 million in Q3.
Bowers & Wilkins and Marantz are “holding up well” in a challenging macroeconomic environment, said Masimo CEO Joe Kiani on the medical device company’s Q3 earnings call Tuesday.
Livestreaming is a highly desired offering in over-the-top video, but numerous complications stand in the way of providers risking the effort to successfully deliver real-time events, said presenters on a Wednesday Stream TV session on livestreaming at scale.
Streaming media companies are “fighting for the TV screen” against social media video, said Darren Olive, Crackle Plus executive vice president-advertising sales and partnerships, on a Tuesday StreamTV World webcast. In eyeball share and attention share, “social media video certainly is grabbing and keeping a lot of the younger audiences,” Olive said, citing his own household where teenagers watch their phone concurrently with TV, if they’re watching TV at all.
Low-power TV and TV translator virtual channel assignments and changes should be limited to avoid conflicts and confused viewers, said NAB, the Society of Broadcast Engineers and others in comments posted this week in docket 03-185. Allowing translating stations to change their program and system information protocol (PSIP) “carries a very real risk of causing viewers to think that the translator or LPTV station is the originator of the programming, when that is not the case,” said SBE. Broadcasters in the docket also discussed apparent errors in a proposed FCC method for calculating station coordinates, and restrictions on low-power television relocation.
Ahdoot Wolfson is soliciting Toyota, Porsche, BMW and Lexus owners as plaintiffs in possible class actions that seek to make the major automakers accountable for discontinuing in-vehicle reception of 3G network services, its website shows. Breach of warranty, unfair competition and fraudulent omission are some of the allegations the law firm leveled against Ford in a putative class action Thursday (docket 3:22-cv-01716) in U.S. District Court for Southern California in San Diego on behalf of Alpine, California, consumer Michael Scriber, the owner of a 2020 Ford Fusion Energi.
Some 190 products have received Matter certification or are in the queue for testing and certification, said the Connectivity Standards Alliance on a Thursday launch webcast from Amsterdam. CSA CEO Tobin Richardson called the event a “major inflection point” for the nascent standard, which promises to bring setup simplicity to the smart home, along with the ability to mix and match products from different ecosystems.
The U.S. District Court for Middle North Carolina in Winston-Salem, in a text-only order Friday (docket (1:22-cv-00727), granted Meta’s motion for a deadline extension to Dec. 8 to answer the Sept. 1 class action in which plaintiffs allege Facebook’s Pixel tracking tool violated their medical privacy.
Semiconductor supply shortages remain, though there are some improvements, said Universal Electronics Inc. CEO Paul Arling on the company’s Thursday Q3 earnings call. “The semiconductor shortage problem is not going to just go from a big issue to the next quarter completely resolved,” Arling said.