Netflix has an opportunity to limit churn in coming months by offering its ad-supported tier, which launches Nov. 3 in the U.S. (see 2210130058), to subscribers looking to quit the service, Wedbush analyst Michael Pachter wrote investors Friday. Netflix reports Q3 earnings Tuesday.
Plaintiffs in the nine class actions filed so far accusing Samsung of negligence in the summer’s data breaches asked the Judicial Panel on Multi-District Litigation to transfer and consolidate the cases in the U.S. District Court in San Francisco and assign them to District Judge Jacqueline Scott Corley, said their Oct. 7 motion (case no. 3005).
Now that the Matter smart home connectivity specification has been released, the Matter logo will start appearing on product packaging and on e-commerce stores as soon as manufacturers secure certification for their Matter-enabled devices, Michelle Mindala-Freeman, Connectivity Standards Alliance global marketing head, emailed Consumer Electronics Daily last week, responding to questions after the long-awaited release of Matter 1.0 this month (see 2210040055).
Netflix’s much-anticipated ad-supported plan, dubbed Basic with Ads, will launch in the U.S. Nov. 3 at $6.99 a month, the streaming service said Thursday. Current monthly plans -- $9.99 for Basic, $15.49 for Standard and $19.99 for Premium -- “will not be impacted,” said Greg Peters, chief operating officer-chief product officer.
Portions of a California complaint alleging Amazon skirted antitrust and unfair competition laws need to be kept sealed to protect “highly confidential and competitive information, the disclosure of which could cause significant harm to Amazon,” said Cristina Fernandez, Amazon corporate counsel-competition, in a declaration in support of the motion to seal posted Tuesday (docket CGC-22-601826) in California Superior Court in San Francisco.
The Office of the U.S. Trade Representative should add Meta to its 2022 Notorious Markets List (see 2202170053) due to the proliferation of counterfeit goods on platforms like Facebook Marketplace, Instagram and WhatsApp, trade groups told the agency in comments last week.
Roku is branching out into smart home products, it said Wednesday, announcing a line of security cameras, video doorbells, lighting and plugs made by Wyze Labs that will be sold exclusively in nearly 3,500 Walmart stores beginning Monday.
Voxx’s fiscal Q2 2023 revenue fell 12.2% to $125.7 million for the quarter ended Aug. 31, below expectations, due to continued chip shortages, inflationary pressure, shifts in consumer discretionary spending and retailer inventory cutbacks, said CEO Pat Lavelle on the company’s Wednesday earnings call. Shares fell 9.3% Wednesday, closing at $6.55.
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PC shipments, including desktops, notebooks and workstations, continued to decline in Q3, falling 15% year on year to 74.3 million, reported IDC Monday, citing “cooling demand and uneven supply.” Though volumes remain “well above” pre-COVID-19 pandemic levels when PC shipments were driven mostly by commercial refreshes, "consumer demand has remained muted,” said IDC analyst Jitesh Ubrani.