For the first time since the category has been independently tracked, new data from market research firm International Data Corporation (IDC) shows that global shipments of smart home devices actually declined in 2022. Not only that but while the market researcher predicts that 2023 will see a bit of a rebound overall, its largest segment – Smart TVs – will likely decline again this year.
New TX-RZ70 Tops the Onkyo Line as Its Flagship Model
On Monday, Premium Audio Company (PAC) announced the launch of the Onkyo TX-RZ70, a flagship audio-video receiver that the company says provides “stellar audio performance” along with “studio-level processing.” As a “flagship,” by definition, this model is at the top of the Onkyo AVR line-up and is being launched just three-and-a-half weeks after the launch of Integra’s flagship model, the DRX-8.4.
See more on this top Onkyo AVR
[Read more…] about New TX-RZ70 Tops the Onkyo Line as Its Flagship ModelPandora Music & Podcasts are Now Included with Russound MBX Streamers
Russound, a top specialty manufacturer of smart home and connected audio solutions for integrators, announced on Tuesday that the ever-popular Pandora streaming service is now included in the company’s top streaming products. Both the Russound MBX-PRE stereo preamplifier and the MBX-AMP stereo amplifier now have the Pandora streaming service included natively in the device.
See more on this new Pandora service from Russound
[Read more…] about Pandora Music & Podcasts are Now Included with Russound MBX StreamersJapan-Based OLED Manufacturer JOLED Files for Bankruptcy
JOLED, a Japanese manufacturer of OLED-based panels and products that was formed by the merger of the OLED divisions of both Panasonic and Sony, filed for bankruptcy protection in the Tokyo District Court on Monday. According to the filing, the company reported that it has debts totaling ¥33.7 billion ($257 million).
Learn more about the bankruptcy of JOLED…
[Read more…] about Japan-Based OLED Manufacturer JOLED Files for BankruptcyHTSN Becomes Oasys, Welcomes an Expanded Class of Dealers as Part of Nationwide’s ‘Drive to 1,000’
Home Technology Specialists Nationwide (HTSN), part of the Nationwide Marketing Group’s stable of dealer/integrator buying organizations, announced today that it is rebranding its group, signifying an all-new image and an expanded mission to welcome an underserved class of dealers as part Nationwide’s “path to 1,000” members. HTSN will now be known as Oasys Residential Technology Group (ORTG).
Learn more about Oasys and Its expanding role
[Read more…] about HTSN Becomes Oasys, Welcomes an Expanded Class of Dealers as Part of Nationwide’s ‘Drive to 1,000’Savant Exec Angela Larson Joins Azione Unlimited Advisory Board
Azione Unlimited announced that it has elected Savant Senior Vice President of Services & Customer Operations Angela Larson to its advisory board. Unique to the buying group scene, Azione’s advisory board consists of five dealer members and five vendor members who all work together with the goal of “creating, expanding, and implementing the organization’s mission.”
See more on Angela Larson joining the Azione advisory board
[Read more…] about Savant Exec Angela Larson Joins Azione Unlimited Advisory BoardItalian High-End Audio Maker Gold Note Selects Fidelity Imports as U.S. Distributor
Firenze, Italy-based high-end audio manufacturer Gold Note announced this week that it has selected Fidelity Imports as its exclusive U.S. importer and distributor. According to Gold Note’s announcement, the appointment will take effect starting April 1, 2023.
See more on Gold Note and Fidelity Imports
[Read more…] about Italian High-End Audio Maker Gold Note Selects Fidelity Imports as U.S. DistributorWiSA Edges Closer to the Abyss; Auditors Note ‘Substantial Doubt’; New Nasdaq Delisting Notice
Retail Investor: ‘My Investment in this Company is Now Basically Worthless’
WiSA Technologies, Inc. (NASDAQ: WISA) released its fiscal 2022 fourth quarter and full-year results and it was not a pretty picture – leading the company’s auditors to issue a “going concern” warning, questioning its ability to continue. A developer and licensor of spatial, wireless sound technology used in a variety of brands, WiSA largely blamed an overall slackening consumer demand causing a glut of existing CE product inventory as the main source of its problems.
See more on WiSA’s results for its last fiscal year
[Read more…] about WiSA Edges Closer to the Abyss; Auditors Note ‘Substantial Doubt’; New Nasdaq Delisting NoticeIn a Shocking Reversal, Judge Grants Dish Motion; Throws Out Jury Verdict
BREAKING NEWS
On Tuesday, less than two weeks after the conclusion of a trial in the case of ClearPlay, Inc. vs. Dish Network where a jury found in favor of ClearPlay and ordered Dish Network to pay $470 million for patent infringement – Judge David Nuffer announced a new ruling that throws out the jury verdict and award. This dramatic turnabout was announced during a court status hearing on Tuesday in which the parties participated via Zoom.
See more on this dramatic reversal
[Read more…] about In a Shocking Reversal, Judge Grants Dish Motion; Throws Out Jury VerdictA Jury Finds that Dish Network Must Pay $470M for Patent Infringement
Dish Network, LLC must pay nearly $470 million for patent infringement related to its Autohop Hopper technology that a Salt Lake City District Court jury says infringes on patents held by ClearPlay Inc. The case, originally filed as ClearPlay, Inc. vs. Dish Network LLC, Dish Network Corp., EchoStar Corp., and EchoStar Technologies L.L.C. has been a long-running battle as it was originally filed in March 2014.