Zoran has taken a stake in DVN a Hong Kong firm that builds set-top boxes for the China Cable TV market. ZVN says they’re happy with the deal because a relationship with Zoran will enable them to build set-top boxes at competitive prices. Zoran, of course, is very interested in the DVD as the heart of the home entertainment system. They can learn a lot from DVM even as this furthers Zoran’s reach into the Chinese market.
OK, so we’re halfway through the year and movie house ticket sales have continued to rise, but no analyst we’ve heard from thinks the box-office numbers will surpass—or even get close to—2019’s $11.4 billion.
Revenue $5.93 billion, down 12% from last quarter, profit up 4%.