LG has unveiled what it claims is the world’s first 88-inch 8K OLED display as the company affirmed its commitment to the high-end TV market.LG will showcase the 8K display at the Consumer Electronics Show in Las Vegas next week and said that the 8K panel offers higher resolution without compromising brightness.The OLED display will offer 33 million pixels (7680×4320) – 16 times more than full HD (1920×1080) and four times more than Ultra HD (3840×2160).“The successful development of the world’s first 8K OLED display is a milestone for the 8K era and underscores the exciting potential of OLED,” said In-Byung Kang, executive vice president and chief technology officer at LG Display.“OLED is clearly a next-generation technology leader and for this reason, LG Display is accelerating its research and development into OLED so that we can provide differentiated products to customers and markets.”LG Display’s booth will be found at N228 in the North Hall Meeting Room of the Las Vegas Convention Center during CES, which runs from January 9-12.
CuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has raised US$140 million to fund the company’s “next phase of growth”.The US-based subscription video-on-demand service said it would use the investment to market the service globally and advance its content discovery technology.It also plans to increase spend on “world-class factual programming”.“This is an important step in a significant effort to connect CuriosityStream with viewers around the world,” said Clint Stinchcomb, president and CEO of CuriosityStream.“Hundreds of millions of people globally are migrating to on-demand television and entertainment. We are in the middle of a seismic shift in consumer behaviour, and this funding will accelerate the dynamic growth we achieved in the last 12 months.”The private placement funding included new investors Blum Capital Ventures and TimesSquare Capital Management. Stifel Investment Banking acted as the agent.CuriosityStream reached the 1 million subscriber mark at the end of 2018, at which point its content library contained more than 2,000 titles. By the end of 2019 it aims to up this to more than 3,000 titles, including more 4K originals.The firm launched a new ad-supported tier, called CuriosityStream Showcase, last August, giving users around the world access to 18-titles for free. This marked CuriosityStream’s shift from a pure subscription offering to a hybrid ad- and subscription model.At the same time CuriosityStream lowered the price of its subscription packages and introduced pre-roll ads into its ‘standard’ package, which is now available for US$2.99 per-month.The company hailed the move as a “paradigm shift” in the economic model of delivering premium on-demand television and stressed that sponsored messages will be limited to 15-second pre-roll ads, offering an uncluttered ad environment.