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Industry
LG Electronics OLED Hollywood Roadshow wins praise from video professionals
LG Electronics said its OLED TVs have been validated on film production sites in the United States and Europe. The company held the LG OLED Hollywood Roadshow in Los Angeles in May and in London and Munich in June. The events brought together cinematographers and colour specialists, who cited accurate blacks, reduced reflections and strong colour expression. The roadshow focused on the 2026 LG OLED evo AI G6 model.
Games & Commerce
Webtoon Entertainment Q1 operating loss 11.7 billion won, narrows 69.8 percent
Webtoon Entertainment, Naver Webtoon’s U.S. parent, said its first-quarter operating loss narrowed 69.8 percent from a year earlier on improved gross profit and cost controls. Revenue fell 1.5 percent to $320.87 million, but rose 0.2 percent on a constant-currency basis. The operating loss was $8.03 million and net loss fell 60 percent to $8.80 million. Paid content revenue edged up, while ad and IP business revenue declined.
Games & Commerce
Epic develops extraction shooter using Disney characters, report says
Epic Games is developing an extraction shooter using Disney intellectual property, and it could be unveiled as early as November, a report said. Engadget said it is seen internally as the most promising of three Disney-related projects at Epic. The game is described as similar to Arc Raiders, with players gathering resources and escaping, but featuring Disney characters fighting enemies. It is unclear whether it will be standalone or a Fortnite mode.
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AI & Enterprise
OpenAI to shut short-form video app Sora in cost-cutting ahead of IPO
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Games & Commerce
Webtoon Entertainment 2025 revenue nears 2 trillion won, operating loss down 37 percent
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AI & Enterprise
ByteDance unveils Seedance 2.0 AI video generation model
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Games & Commerce
Sensor Tower says steady updates, events drive mobile games market recovery
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AI & Enterprise
Lego develops custom wireless charging system for smart bricks
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Games & Commerce
Webtoon Entertainment signs partnership with Disney, secures 2% equity investment