DirecTV named 10 defendants, plus 10 John Does and 10 “XYZ” companies, in a complaint Tuesday (docket 6:22-cv-00423) in U.S. District Court for Eastern Texas in Tyler that it said “seeks to terminate” an ongoing “imposter fraud scheme” uncovered after “a months-long investigation.”
Macroeconomic conditions are weighing on TV purchases, with LG and Samsung having Q3 revenue drops in their TV units last week as the traditional November-December holiday season kicks in.
About 100 Video Privacy Protection Act complaints have been filed in the past year, and the legal theories in the current wave of lawsuits involve a “novel refocusing” of the statute, partly to encompass technologies that weren't even envisioned when the law was enacted more than three decades ago, Wiley associate Tyler Bridegan told a Wiley webinar Thursday.
Amazon shares hit a 52-year low at $97.66 Friday after Q4 revenue guidance was below analysts’ projections. Shares closed 6.8% lower at $103.41. The revenue guidance for the holiday quarter is $140 billion-$148 billion, for 2%-8% growth, said Chief Financial Officer Brian Olsavsky on the company’s Thursday earnings call.
Supplies of iPhone 14 Pro and 14 Pro Max, which launched in September, are “going to be constrained for a little while,” said CEO Tim Cook on the company’s Thursday Q4 FY ’22 earnings call. The company is “working very hard to try to remedy that.” Silicon-related supply constraints “were not significant” for Apple in Q3, but logistics costs haven’t returned to pre-pandemic levels, and certain semiconductors are adding inflationary pressure, Cook said.
A growing wave of Video Privacy Protection Act suits in U.S. district courts targeting streaming video provision isn't expected to crest anytime soon, data security and privacy lawyers tell us. While there have been other bursts of VPPA litigation in the past, Susan Israel of Loeb said the latest crop is focused largely on use of Meta Pixel for analytics and ad targeting -- Pixel being a piece of JavaScript code that allows for tracking visitor activity on a website.
Despite inflation and financial pressure, video entertainment spending is a moderate to high-priority discretionary spend for about 70% of consumers, Xperi reported Thursday, citing results from a Q2 survey of 4,503 U.S. and Canadian consumers. A quarter of respondents said they had cut back on entertainment spending amid rising inflation.
While residential broadband growth remains anemic at Comcast, wireless subscriber numbers and revenues are accelerating. Residential broadband had been a revenue driver, but it won't be a significant one at least for the near future, CEO Brian Roberts said on a call with analysts Thursday. But Comcast is "still in the very early growth phase" in wireless, he said.
An apparent rift is developing in the dozen or more fraud class actions over Samsung’s summertime data breach, between plaintiffs who want the cases consolidated and transferred to the U.S. District Court for Northern California and those who want them centralized and moved to the U.S. District Court for New Jersey.
The emerging world of the metaverse and digital twinning (see 2210190017) will require more powerful networks, though how much more powerful is an open question, said Nokia CEO Pekka Lundmark at the Nokia and New York University Brooklyn 6G Summit Tuesday. The metaverse has been defined as the ability to render 3D virtual worlds in real time, with an unlimited number of users able to experience them at the same time, he said.