TechPression

Tag: LG Electronics

  • LG bids farewell to Blu-ray players, CDs product as consumers shift to streaming platforms

    LG bids farewell to Blu-ray players, CDs product as consumers shift to streaming platforms

    LG Electronics on December 11, 2024, discontinued all Blu-ray and UHD players, marking a significant shift in the home media landscape.

    This move follows a long-term decline in physical media sales as consumers increasingly move towards streaming services. LG’s last Blu-ray models, the UBK80 and UBK90, were introduced in 2018; since then, no new players have been launched.

    Read also: Microsoft expands Phone Link: iPhone-to-PC file sharing

    The end of an era

    LG’s departure from the Blu-ray market is part of a broader trend; major companies like Samsung and Oppo have already exited this space. 

    According to FlatpanelsHD, LG Korea may resume production if demand returns, but the stock will be sold until exhausted. Consumers now choose digital streaming over physical discs, which explains the decision.

    The founder of LG, Koo In-Hwoi, established the company in 1958 with a vision for innovation in electronics. Over the decades, LG has become synonymous with quality home entertainment products. 

    However, as streaming giants like Netflix and Disney+ dominate the market, traditional formats like Blu-ray are losing their appeal. Blu-ray sales peaked in 2017 at approximately $4.7 billion but have declined sharply.

    Implications for home media

    This discontinuation raises concerns about the future of physical media ownership. As LG steps back from Blu-ray production, consumers may find it increasingly difficult to access their favourite films without relying on streaming platforms that often rotate their content.

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    It can be discouraging for collectors and movie fans who value the tangible quality of CDs and the unique features they often include when options for physical media are eliminated.

    Despite this setback for Blu-ray fans, other manufacturers like Sony and Panasonic still offer players, albeit many models are several years old. 

    Along with players, systems are being made with less reliance on physical media. For example, Sony’s PS5 Pro does not have a disc drive by default.

    As technology evolves, consumers are left to ponder whether they will see a revival of physical formats or if they must fully embrace digital alternatives.

  • LG promotes positive social media attitudes with “Optimism Your Feed” campaign

    LG promotes positive social media attitudes with “Optimism Your Feed” campaign

    “Optimism Your Feed” is a new initiative by consumer electronics and home appliance giant LG Electronics that aims to combat the increasing amount of harmful content shared on social media. 

    The campaign’s ultimate goal is to create a more cheerful and encouraging online atmosphere for everyone, inspiring people to post more positive and uplifting content.

    Social media platforms have grown in importance in the modern day, bringing people from around the globe together. Yet, one’s mental and physical health might take a hit from being bombarded with bad news, cyberbullying, and toxic behaviour all the time.

    Read also: The LG PH300 Nano Beam projector reflects portability, efficiency

    By giving people the tools they need to make a good impact in their online communities, LG hopes to address this issue directly through their “Optimism Your Feed” initiative.

    The advertisement showcases LG’s commitment to building a more positive and inclusive online space, which aligns with the company’s core values of innovation and social responsibility. 

    Promoting generous content production

    Promoting, creating, and sharing more positive material on social media is a central focus of LG’s “Optimism Your Feed” campaign. The campaign aims to promote a more positive atmosphere online by sharing positive stories, encouraging comments, and acts of kindness.

    LG has teamed up with well-known personalities, organisations, and content creators to make the campaign more impactful and accessible to more people. By highlighting the transformative potential of positive content, these partnerships will entice more people to join the movement.

    Giving people access to resources

    LG’s “Optimism Your Feed” campaign encourages the development of positive material and provides users with resources to help them deal with difficulties with social media. The campaign website offers tips and tactics for spotting and addressing harmful information. Additionally, it offers suggestions for writing and sharing uplifting messages.

    Read also: Protecting yourself from mobile gaming scams

    In addition, LG has created a collection of stickers and filters for social media that users can use in their posts to exhibit their support for the campaign and inspire others to get involved. The marketing hopes that including these interactive aspects will attract a larger audience and keep their attention.

    “Optimism Your Feed” is LG’s campaign to generate a positive ripple effect throughout social media platforms by providing users with the knowledge and resources to create and share good content.

    In summary, LG’s “Optimism Your Feed” campaign is an essential and relevant effort that tackles the increasing worry about damaging information on social media.

    The campaign aims to make the internet a better place for everyone by cooperating with influential people, giving users resources, and encouraging them to post more upbeat material. More and more individuals are getting behind the cause, which bodes well for its ability to make an impression on social media and beyond.

  • LG Electronics, Fouani, Reliance HMO to provide medical Insurance in Nigeria

    LG Electronics, Fouani, Reliance HMO to provide medical Insurance in Nigeria

    LG Electronics, a leading consumer electronics company, along with its authorized distributor in Nigeria, Fouani Nigeria Limited, has teamed up with RelianceHMO, a leading health insurance provider, to provide medical cover for its over 100 dealers and their families in Nigeria. 

    This initiative is part of an effort to give extra value and contribute to the good life and well-being of its stakeholders, which is in line with the company’s slogan “Life’s Good.” 

    On Saturday, May 20th, 2023, the electronic juggernaut made the announcement in its Lekki Showroom, much to the delight of all the people who were going to benefit from it.

    This effort, according to Mr. Hari Elluru, Head of Corporate Marketing at LG Electronics, demonstrates their dedication to the well-being and happiness of our Dealers and strives to give them and their family with medical insurance and peace of mind. Additionally, this endeavour reflects their commitment to the well-being and happiness of their Dealers.

    Read also: LG could be developing a 6G network

    According to Mr. Hari Elluru, who is the Head of Corporate Marketing at LG Electronics, the firm made the decision to work with RelianceHMO so that it could provide its dealers and the families of its dealers with additional support.

    He disclosed that LG Electronics and Fouani Nigeria Limited would be providing all of the beneficiaries with a year’s worth of health insurance coverage for free.

    Mr. Mohammed Fouani, Managing Director and Chief Executive Officer of Fouani Nigeria Limited, which is the authorised distributor of LG Electronics in Nigeria, referred to the event as another attestation of LG’s unwavering commitment to bettering the lives of everyone, including its existing and potential customers. LG Electronics is a global leader in consumer electronics and home appliances.

    In response to a question regarding the partnership, Mr. Ogheneovo Abere, MD, of Reliance HMO, stated that the mission of the health technology firm is to make high-quality medical care available and affordable to everybody.

    Mr. Abere continued by saying that RelianceHMO uses an integrated way to deliver health insurance and telemedicine by partnering with hospitals and other healthcare institutions. This is done to lighten the load of thousands of Nigerians and to ensure that all beneficiaries have great customer experiences. In addition, he praised LG Electronics for being a company that consistently goes the extra mile to ensure that its stakeholders have a positive experience.

    In acknowledgement of this kind act, Mr. Sanyaolu Adegboyega, MD of Paypoints Electronics, spoke on behalf of the dealers to extend their gratitude to LG Electronics and Fouani for prioritising the needs of the dealers in each and every facet of their respective businesses. He stated that at this point in time, medical insurance is essential, and he prayed for the organisation to receive more customers.

    After participating in the event, dealers were given a number of free items, some of which included a microwave oven, sound bar and XBOOM Audio.

    Remarks from some Executives

    Mr. Ogheneovo Abere, MD, Reliance HMO, said “Without health insurance, many of you will be forced to dip into your savings to cover the costs of seeking medical attention.” 

     “You cannot be both financially and mentally drained; a health care plan allows you to cover medical bills without having to dive into your resources. We are proud to bring comprehensive health insurance to LG Electronics’ key stakeholders.” he added.

    “We recognize that our Dealers are our most valuable asset, and their health and well-being are of utmost importance. With the new medical insurance plan, we are significantly expanding our coverage to ensure our Dealers and family members have access to quality healthcare services when they need it the most.” said Mr. Hari Elluru, Head of Corporate Marketing at LG Electronics.

     “As a socially responsible company, we want to offer more value to our dealers and to appreciate them for promoting the LG brand. We are committed to enriching lives not just through our products, but by promoting healthy living through initiatives such as the insurance cover we are offering today,” he added.

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    Remark from the  Managing Director and CEO of Fouani Nigeria Limited 

    “By implementing this enhanced medical insurance plan, LG Electronics and Fouani Nigeria Limited aims to foster a healthy and supportive work environment, reinforcing our commitment to the welfare of our dealers and their families. We firmly believe that this investment in their well-being will not only contribute to their personal happiness but also enhance their productivity and job satisfaction,” said Mr. Mohammed Fouani, Managing Director and Chief Executive Officer of Fouani Nigeria Limited.