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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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End-of-day quote Korea Stock Exchange  -  2022-07-04
95500.00 KRW   +5.88%
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LG Electronics, Blackdove partner for digital art experience

05/13/2022 | 11:26am EDT

LG Electronics has entered into a global partnership with Blackdove, a fine art company, to deliver digital art experiences on LG's digital signage displays, according to a company press release.

Integrating software and curated art from Blackdove's digital art gallery and non-fungible token platform, LG's customizable display solutions will provide a way to showcase digital art.

LG's digital displays have been seen in corporate lobbies, galleries, luxury residences and other public settings. LG DVLED signage solutions offer flexibility with modular, scalable designs and picture quality with resolutions from full HD to 8K.

"LG is delighted to partner with Blackdove to engage our DVLED signage customers with digital art experiences," Dan Smith, vice president of business development, LG Business Solutions USA, said in the release. "Our alliance with Blackdove will deliver next generation tools that enable countless new methods for creative expression. Blackdove is breaking the mold with innovative ways to obtain and display artwork using class-leading LG technologies."

Expected to be available in the U.S. starting this quarter, Blackdove curation software can be bundled with LG DVLED signage products, including LG Ultimate Business Display, LG LSCA/LSCB, LG 136-inch All-in-One and fine-pitch DVLED signage. Chosen by Blackdove, the displays include the work of artists such as Jonathan McCabe, Kenneth Wayne, Meghan Cheng, Franck Lefebvre and Jamie Scott.

"We are gratified to have been selected by such an extraordinary partner as LG," Marc Billings, CEO of Blackdove, said in the release. "Digital art is the first form of art in history that can be experienced natively by the whole world in an instant, giving it universal appeal. This makes possible an exponential increase in both the amount and diversity of art, as well as a path to universal access to affordable art enjoyment and ownership."

Copyright © 2022 Networld Media. All rights reserved., source Industry News

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Financials
Sales 2022 81 361 B 61,9 B 61,9 B
Net income 2022 2 858 B 2,18 B 2,18 B
Net Debt 2022 2 532 B 1,93 B 1,93 B
P/E ratio 2022 5,75x
Yield 2022 1,47%
Capitalization 16 342 B 12 441 M 12 441 M
EV / Sales 2022 0,23x
EV / Sales 2023 0,19x
Nbr of Employees 33 749
Free-Float 69,0%
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Joo-wan Cho President. Chief Executive Officer & Director
Bong Seok kwon Chairman
Byoung-hoon Kim Chief Technology Officer & Executive VP
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Dae-Hyung Kim Independent Director
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