- The company had recently announced its collaboration with Nvidia for gaming TVs
- LG’s home entertainment company recorded quarterly revenues of approx USD 3.24 billion during 3Q 2019
LG Electronics has started rolling out updates that embed Disney+ TV app in its range of TVs. The Korea based company informed that this app is available on compatible LG TVs in the United States, Canada and the Netherlands. LG customers in Australia and New Zealand will receive the service next week with other markets to follow.
“The arrival of Disney+ to the streaming marketplace is an exciting opportunity for LG customers. Both Disney and LG TVs support Dolby Vision and Dolby Atmos, so our customers can enjoy the very best content as they were intended to be seen and heard,” informed Lee Sang-woo, vice president of corporate business strategy and content business at the LG Home Entertainment Company.
Available on nearly 900 LG TV models
The company is making this app available on more than 900 TV models its has produced so far. However, smart TVs manufactured by LG before 2016 might not be getting the app. Additionally these LG TVs have to be running on webOS smart TV platform.
Disney+ app includes access to directories of Disney, Pixar, Marvel, Star Wars, National Geographic and more. LG’s official statement read, “Smoothly integrated into LG’s webOS smart TV platform, Disney+ can easily be accessed through the Disney+ icon on the LG Home Launcher on compatible devices.”
It continued, “Subscribers can choose from a treasure trove of high-quality on-demand content with unprecedented access to Disney’s incredible library of film and television entertainment as well as exclusive originals including feature films, shows, short-form content and documentaries – including the first live-action Star War series The Mandalorian – now streaming only on Disney+.”
Revenues of approx USD 3.24 billion during 3Q 2019
LG’s home entertainment company recorded quarterly revenues of approx USD 3.24 billion during 3Q 2019. These figures represent an increase of 3.5 percent in comparison to the same period in 2018. The company had informed that it was able to register strong sales in Latin America and the Middle East.
Company’s official statement read, “Although operating income of KRW 318 billion (USD 266.3 million) declined slightly from a year ago due to intense market competition and a weaker exchange rate, strong sales of premium products such as OLED TVs resulted in a healthy quarterly operating margin of 8.2 per cent for the quarter.”
