In early March, executives from more than 100 entertainment and electronics companies gathered in Los Angeles to hammer out details for the new audio compression standard.
"Our goal with this year's models was to truly redefine what a TV can be while providing unprecedented choice to the consumer, " said Joe Stinziano, Senior Vice President, Home Entertainment, Samsung Electronics America.
ENGADGET: Samsung details pricing and availability for its 2012 Smart TV lineup
"Ultra-definition television will transform the giant-screen viewing experience in the years ahead, and LG is proud to bring this new technology to market so that discerning U.S. consumers can enjoy a fully immersive home theater experience, " said Jay Vandenbree, senior vice president, home entertainment, LG Electronics USA, Inc.
ENGADGET: LG's 84-inch 4K ultra high definition TV goes on sale in the US next month for $19,999
The challenge was daunting: The electronics and entertainment giant was struggling with red ink and management paralysis.
The consumer electronics and entertainment industries are in the midst of a major paradigm shift in the realm of music.
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"These new external drives offer outstanding performance and style, " said Reid Sullivan, senior vice president of mobile entertainment marketing, Samsung Electronics America.
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"LG is building a brand that is synonymous with great picture quality, " said Havis Kwon, President and CEO of LG Electronics Home Entertainment Company.
ENGADGET: LG's 55-inch OLED HDTV ships in Korea next week, has 100 pre-orders so far
The Japanese electronics and entertainment company also dragged itself back to profit for the fiscal year ended March 31, following four straight years of red ink.
"This cooperation is nothing less than a watershed in the brief history of Smart TVs, " said Havis Kwon, President and CEO of LG Electronics Home Entertainment Company.
ENGADGET: LG, Sharp and Philips to build developer's kit, create Smart TV app standard
The company said "weak" sales in the UK were not helped by slowing demand for non-food items, particularly in electronics and entertainment, two of its largest product groups.
But his last CES keynote sends this message: Microsoft has far more fingers in far more slices of the electronics and entertainment industry pie than any of its competitors.
Just because a celeb picks up a bag with your phone in it, there's no guarantee they'll use it, says Jon Maron, who runs entertainment marketing for LG Electronics MobileComm.
The LG Electronics Home Entertainment Company is a top global player in flat panel displays, audio players, video products, monitors, commercial displays and security systems for the consumer and commercial markets.
ENGADGET: LG's 84-inch 4K ultra high definition TV goes on sale in the US next month for $19,999
Kazuo Hirai, who took over as president nine months ago, has promised to deliver a new range of "wow" products in order to re-establish Sony as the premier electronics and entertainment company.
"The 4K display market is still in its infancy but it was important for LG to claim a stake in this space, " said the chief executive of LG Electronics Home Entertainment, Havis Kwon.
Beyond that is the upcoming PlayStation Portable, or PSP, from Japan's electronics and entertainment giant Sony (nyse: SNE - news - people ), which should reach stores in time for Christmas 2004.
"LG's 100-inch class Laser TV takes projection technology and makes it perfectly suitable for both the boardroom and the living room, " said Havis Kwon , President and CEO of the LG Electronics Home Entertainment Company.
"These Blu-ray Disc players offer top-of-the-line performance and operation features that enable consumers to take full advantage of the 3DTV standard as well as the many diverse entertainment options available to them, " said Bruce Tripido, associate vice president, Entertainment Products Division, Sharp Electronics Corporation.
But Sony Electronics VP of Home Entertainment Hiroshi Sakamoto may be the first to break that silence.
Best Buy (BBY) retails consumer electronics, home office products, entertainment software, appliances and related services through its retail stores.
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Tom is publishes a Digital Storage in Consumer Electronics Report, a Media and Entertainment Storage Report, and a Capital Equipment and Technology Report for the Hard Disk Drive Industry.
In the long-running rivalry between the PC and consumer electronics worlds to provide the best entertainment experience, both sides have recently been dealt blows by an increasingly paranoid content industry.
Offering a range of entertainment services has become a negative differentiator for home electronics: if your device doesn't offer access to the services which a given audience knows and loves then it will count against you because your competitors will.
Dutch electronics giant Philips is to sell off its home entertainment business, including hi-fis and DVD players, to Japan's Funai Electric.
That magical, mysterious, Jobsian vision helped to craft a new world defined by personal electronics, changing everything from communication to navigation, entertainment and education.
In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances and business solutions, all under LG's "Life's Good" marketing theme.
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In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances, commercial displays, air conditioning systems and energy solutions, all under LG's "Life's Good" marketing theme.
ENGADGET: LG's 84-inch 4K ultra high definition TV goes on sale in the US next month for $19,999
In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances, commercial displays, air conditioning systems and solar energy solutions, all under LG's "Life's Good" marketing theme.
ENGADGET: LG's 55-inch OLED television starting at $12K, shipping in March
"OLED TV will usher in a whole new era of home entertainment, " said Jay Vandenbree , senior vice president, LG Electronics USA Inc.
ENGADGET: LG's 55-inch OLED television starting at $12K, shipping in March
Sony, as a total entertainment company encompassing movies and TV production, music, games and electronics, is uniquely positioned to be first to market in delivering 4K Ultra HD solutions.
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