Interactive TV News Round-Up (IV): Lionsgate, Facebook, Netflix, Nuance, LG Electronics

--Lionsgate Releases "Abduction" on Facebook
--Class-Action Lawsuit Claims Netflix Management Misled Investors over State of its Streaming Business
--Nuance's Dragon TV Voice-Control Platform Powering LG's Magic Remote

Due to the large volume of news generated by last week's 2012 International Consumer Electronics Show (CES), we are covering stories in this issue in round-up/summary format. We anticipate that it will take us several more days to process all the news from the show: so if your company has sent us a press release or briefed us on an announcement, and you don't yet see your news covered in this issue, please bear with us.

  • Lionsgate has released the home video version of the movie, "Abduction," on Facebook, day-and-date with its DVD and Blu-ray release. The movie is priced at $3.99 for a 48-hour rental. It can be paid for via PayPal or credit card, but not via Facebook Credits. Deadline.com has more.
  • Netflix is facing a class-action lawsuit brought by investors who claim the company misled shareholders about problems with its streaming business, even as senior executives took advantage of a record share price to cash in $90 million in stock. The defendants in the suit, who are accused of issuing "materially false and misleading statements regarding the company's business practices and its contracts with content providers," are CEO Reed Hastings, chief content officer Ted Sarandos, finance director David Wells, chief product officer Neil Hunt, and marketing director Leslie Kilgore. "Defendants' statements about Netflix's ability to secure content and maintain profit margins were crucial to investors' evaluation of Netflix," the lawsuit claims. "Rather than fully disclose the devastating cost increases which were then threatening Netflix's entire business, defendants talked about its ability to grow. Specifically, defendants concealed negative trends in Netflix's business." The Guardian has more.

 

  • Voice-control specialist, Nuance Communications, says that its recently launched Dragon TV platform (see the article published on itvt.com, January 12th) is powering new voice-recognition features in LG's Magic Remote for its LG Cinema 3D Smart TV. The initial group of languages supported are US English, American Spanish, Canadian French, and Korean. "The explosion of digital media and content available on TV has far out-innovated the traditional TV remote control, making the content discovery process frustrating for consumers," the company states in its press materials. "LG's Magic Remote revolutionizes the digital living room experience with the power of Nuance's Dragon voice recognition, enabling people to discover and access movies, music and games by name and, even actors and keywords. For instance, they can simply say: 'Boston Red Sox'; 'College Football on FX'; 'Desperate Housewives'; 'Amazing Race'; 'Bradley Cooper'; 'Angry Birds'; [or] 'Lady Gaga.' And, because LG's smart TV's deliver a connected experience, people can even use the voice capabilities on the Magic Remote to search for Web content by keyword or phrase, or access social media content like Facebook or YouTube...Dragon TV is Nuance's new interactive voice platform for TV, device and set-top box OEM's and subscription operators that makes finding and accessing shows, movies and content in today's digital living room easy and fun. Leveraging Nuance's renowned voice and language understanding capabilities, Dragon TV lets people just sit back while they quickly and easily find content by speaking--be it channel numbers, station names, show and movie names--and the ability to stay connected via Skype, Twitter and Facebook."
Region: 
North America