Chinese conglomerate Dalian Wanda Group paid $3.5 billion in cash to purchase Legendary Entertainment, one of Hollywood’s largest independent movie companies, making it the largest such deal between Hollywood and China. Dalian Wanda’s other Hollywood holdings include AMC Entertainment, the second largest cinema chain in the U.S. The company, which got its start in real estate, also owns theaters and produces movies in China. Legendary has co-financed numerous movies, produced its own and has TV and digital divisions. Continue reading Chinese Company Buys Legendary Entertainment for $3.5B

After a decade of planning and five years construction, The Walt Disney Company is set to open the Shanghai Disney Resort in the spring. The $5.5 billion project is a testament to the growing interest in bringing American entertainment brands to Chinese consumers. The 963-acre theme park, complete with an Enchanted Storybook Castle and a Mandarin version of “The Lion King” musical, is expected to be one of the largest Disney parks in the world. Disney already operates a park in Hong Kong. Continue reading Disney Plans June Opening for its New Theme Park in China

During CES in Las Vegas, Motorola Mobility chief operating officer Rick Osterloh suggested that Lenovo has plans to phase out the Motorola brand. In the wake of news media and analyst confusion resulting from Osterloh’s comments, the company issued a statement to provide clarification, noting that the Motorola name or organization is not being dismantled, but is instead looking to “evolve” under parent company Lenovo. As part of that initiative, the company is looking to “streamline” its products under two brands — Moto and Vibe. Lenovo acquired Motorola Mobility from Google in 2014. Continue reading Motorola Provides New Context to Comments Made at CES

On Thursday during CES, Google and Lenovo announced their plans to bring 3D mapping to smartphones. Lenovo will manufacture and sell the first phone designed to implement the ambitious goals of Google’s Project Tango, which aims “to give mobile devices a human-scale understanding of space and motion.” Qualcomm will provide the Snapdragon processor chips. Google and its partners have been busy developing cameras, sensors and software specifically designed for real-time 3D mapping. The currently unnamed handset is slated to launch this summer for under $500. Continue reading CES 2016: Google and Lenovo to Bring 3D Mapping to Mobile

Chinese company EHang, known for its Ghostdrone with head-tracking VR goggles, introduced a giant quadcopter simply called “184 drone” in Las Vegas this week. The cockpit has no controls, just a seat for one passenger, a tablet stand and air conditioning. Navigation is controlled by a mobile app using Google Maps, so passengers do not require a pilot’s license, according to the company. (However, the drone will still need FAA approval in the U.S.) The drone stands about 4.9 feet, weighs 440 pounds and can transport a 260-pound load capacity for about 23 minutes. Continue reading CES: Chinese UAV Company Unveils Autonomous Flying Taxi

Netflix turned on the world, adding 130 new countries, during the time its CEO and co-founder Reed Hastings delivered the opening day keynote at CES in Las Vegas. The addition of these new markets grows Netflix’s global footprint from 60 to 190 territories as the company reimagines itself as a global television network. Hastings and chief content officer Ted Sarandos covered many of the technological, economic, business and creative innovations driving their success in a world where Hastings observed, “Tune in has been replaced by personal choice.” Continue reading CEO Launches Netflix in 130 Countries During CES Keynote

In a CTA Research Summit data-centric presentation at CES, the organization’s senior director of market research Steve Koenig summed up the recent trends in TV displays and predicted future directions. Although the TV display is besieged by competition from smartphones and tablets, interest in purchasing a TV is still strong. A recent CTA poll showed that, in the next 12 months, 33 percent plan to buy a smartphone and 29 percent want a TV, followed by smaller percentages for laptops, tablets and video game consoles. Continue reading CTA Research on Displays with Focus on OLED, 4K and HDR

Video streaming company and CES exhibitor Roku has partnered with TV manufacturer TCL to make 4K televisions with Roku’s streaming service already built-in. Users will be able to start streaming the UHD video content from apps such as Netflix, Amazon Prime Video and YouTube when the first 4K UHD Roku TVs start shipping this spring. Roku also announced that it is working on a reference design for a high dynamic range (HDR) system for its smart TVs. Continue reading Roku Introducing New Line of Smart TVs with 4K Streaming

Wear comfortable shoes and drink plenty of water, reads the advice on the CES media advisory. Navigating the record 2.4 million square feet, the equivalent of 50 football fields, is an endurance event. Much like a marathon, CES is best managed with a plan and a pace. The first 36 hours of the conference are filled with media briefings and product announcements that will add important detail to the geographic layout. Today, ETCentric provides you with a general guide of where to find key exhibits. Continue reading CES 2016: Exhibits Spread Out Across 2.4 Million Square Feet

The global economy is getting back on track, says CTA senior director of market research Steve Koenig, but tech spending is down, with growth moderate or negative in key sectors including TV, smartphones, laptops and tablets. The strongest U.S. dollar in 13 years makes it “unfavorable to conversion of global currencies.” “GDP growth is moderate and uneven,” he said. “We see disparate fortunes between advanced markets and developing economies. And everyone is dealing with the slowdown in China. It’s a very, very mixed bag.” Continue reading Global CE Industry Impacted by Strong Dollar, China Slowdown

Drone manufacturer DJI launched a beta geofencing system last week called Geospatial Environment Online (GEO), designed to prevent drones from operating in areas restricted by the Federal Aviation Administration. While DJI’s current flight limitation software stops drones from flying in restricted areas such as airports, the more dynamic GEO also enables updates to maps and restrictions based on unfolding events, including scheduled sports competitions or hazardous conditions like wildfires. Upon an event’s conclusion, maps can be updated again so that restrictions can be lifted. Continue reading DJI Unveils Software to Keep Drones Out of Restricted Areas

Facebook users will soon be able to start hailing an Uber ride without leaving the Messenger app. The new partnership will also allow the Uber service to capitalize on Facebook Messenger’s millions of users. Facebook plans to add other ride-sharing companies in the coming months. The new service is part of Facebook’s strategy to emulate rival Asian apps such as WeChat, which already allows users to message each other, hail rides, and shop for goods and games. Continue reading Facebook Adds Uber Ride-Hailing Service to Messenger App

Tech giant Juniper Networks just found unauthorized code — essentially a backdoor — in the operating system running some of its firewalls. The hidden backdoor, found in versions of the company’s ScreenOS software dating back to at least August 2012, enable hackers to take complete control of Juniper NetScreen firewalls as well as decrypt encrypted traffic running through the Virtual Private Networks (VPN) on the firewalls. The FBI is investigating the breach, which appears to be the work of a foreign government. Continue reading Juniper Networks Backdoor Hack Likely From Foreign Nation

BBC Worldwide has recently employed artificial intelligence to analyze global demand for specific TV shows. In the most notable case, the BBC turned to New Zealand company Parrot Analytics’ AI and data science to learn that Germany, China, India and Singapore had high demand for its contemporary “Sherlock” series. After extensive testing, the BBC has again used Parrot’s data for several other shows, to find territories and platforms where demand exists. Parrot’s research includes multiple screens and markets. Continue reading BBC Turns to Parrot Analytics AI to Measure Show Demand

In China, parents strap “children’s watches” on their offspring to track their movements and sound the alarm if the child leaves the schoolyard. Sensors will soon be able to tell if grandma has fallen down in the living room, and smart fabrics, with embedded sensors, will soon be assisting patients, soldiers and first responders. Just a couple of years ago, wearables were just fitness trackers and smartwatches. At CES 2016, we’ll see the sensors that power wearables expand as engines to the Internet of Things. Continue reading CES 2016: Sensors Connect Wearables, the Internet of Things