LG and Philips announced the creation of the Smart TV Alliance, which intends to create a universal, non-proprietary ecosystem so developers can build apps on standards such as HTML5.
Sharp similarly had a big announcement of its own, taking the wraps off the largest TV in the world. At a whooping 90 inches and 141 pounds, the TV has a similarly massive price tag of $11,000.
Another TV set also hit the market earlier this week -- this time from IKEA. We wonder if we have to assemble it ourselves?
Despite manufacturers pushing out new sets, NPD DisplaySearch says worldwide LCD TV shipments have fallen 8 percent year over year in the first quarter. Still, LCDs made up 84.2 percent of TV shipments, followed by CRT (10 percent) and plasmas (5.8 percent).
The Online Publishers Association found 61 percent of tablet users have purchased some form of digital content. When it comes to videos, 26 percent have paid for full-length movies and 18 percent for full-length TV shows. Overall, entertainment makes up 8 percent of purchases, second to magazines at 10 percent.
Remember that guy who streamed 252 movies on Netflix in a month? The streaming company decided to celebrate its biggest fan by creating a Mark Malkoff Day over at its Los Gatos, Calif. headquarters. "Going to Netflix, I felt like Charlie going into Wonka's factory," he said."It made watching 29.4 hours of closing credits in a month almost worth it." Now that's customer service.
What's happening with Vevo? The music-video platform, one of the fastest growing Web properties, has seen a 20 percent decline in viewers year over year. A spokesperson said comScore's metrics don't offer a complete picture and that the number of active users has actually increased 46 percent year over year.
If you want your shows to succeed abroad, take them online, GigaOM writes, citing "Spartacus" and BBC's "Misfits" as examples.
Glenn Beck, who famously left Fox to create an online TV network, has renamed his Web venture to The Blaze from Glenn Beck TV.
Comcast says it expects ad impressions served with free on-demand video will increase tenfold within the next year. "I'd love to have a dollar for every view," an exec said at a TV conference in New York.