LG Electronics and Verizon Collaborate to Offer FiOS TV App On LG's Smart TV Platform

LG Electronics and Verizon Collaborate to Offer FiOS TV App On LG's Smart TV Platform

New Application Will Give FiOS TV Customers Access to Live, Multichannel HDTV and Verizon Flex View Video-on-Demand Content

LAS VEGAS, Jan. 11, 2012 /PRNewswire/ -- LG Electronics and Verizon today announced an alliance that will offer a new entertainment experience for the LG Smart TV* platform, when LG introduces the Verizon FiOS TV app to current LG Smart TVs and Blu-ray players in 2012.

The new app will allow Verizon FiOS TV subscribers to access 26 live HD channels directly through their connected LG Smart TV or Blu-ray Player without any additional hardware required. Through the collaboration, customers will also have access to more than 10,000 video on-demand titles available through Flex View - Verizon's at home or away from home on-demand entertainment service for TVs, PCs, tablets and smartphones.

"We're very excited to be working with Verizon to bring even more compelling offerings to LG Smart TV," said Sam Chang, general manager of LG's Smart TV Innovation Development Group. "Adding content from the Verizon FiOS service to our robust Smart TV platform further delivers on LG's promise to provide customers with the best solution available."

"By bringing the technologically advanced Verizon FiOS TV service to the LG Smart TV, we are providing the best in entertainment in extraordinary new ways, further breaking down old technology boundaries," said Eric Bruno, vice president of consumer and mass business product management for Verizon. "We want to make everything our customers want or need to do simpler, easier and more convenient, by putting the awesome power of technology in their hands and providing customers with a borderless lifestyle.

Easy control through LG's Magic Remote

Through LG's updated Magic Remote, accessing and using this new content allows people to search for, access and navigate Smart TV features through a variety of input methods including gesture, voice** and text input.

The "Wheel" feature located at the center of the Magic Remote enables users to swiftly scroll up and down Web pages and various menus and applications - just like a PC, allowing users to view content quicker and more efficiently. The "Pointing" function allows users to simply point the Magic Remote toward the TV screen and drag the on-screen cursor to make selections. Through Pointing, users can also navigate through LG's Smart TV ecosystem without having to use multiple buttons and arrow keys. Additionally, physical Magic Gestures can be inputted as commands, enabling users to control CINEMA 3D Smart TVs with simple arm or wrist movements. LG also offers versions that offer voice recognition allowing users to enter text - such as search terms - with voice commands, speeding up the overall Smart TV browsing experience.

The Verizon FiOS application will initially be available to subscribers of the network beginning in 2012.

For more information on the LG Smart TV Solution, please visit: www.lg.com. For the latest news, updates and information about FiOS TV, visit www.verizon.com/newscenter and http://www.verizon.com/athomeblog.

*Wireless Internet connection required and sold separately. Services offered vary by device and are subject to change without notice.

**Not available with all models.

Designs, features and specifications subject to change without notice.

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 93,000 people working in over 120 operations around the world. With 2010 global sales of $48.2 billion, LG comprises four business units - Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions. LG is one of the world's leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. For more information, please visit www.lg.com.

About the LG Home Entertainment Company

The LG Electronics Home Entertainment Company is a top global player in flat panel displays, audio players, video products, monitors, commercial displays and security systems for the consumer and commercial markets. LG's product areas include LCD and plasma televisions, LED LCD monitors, home theater systems, Blu-ray Disc(TM) players, audio components, video players and plasma display panels. While focusing on creating feature-rich devices, the company is also pursuing stylish designs and pushing technological boundaries to improve the home entertainment experience. LG HE company is also a leader in providing commercial (or B2B) products such as digital signage, video conference system and IP security cameras.

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances, commercial displays, air conditioning systems and solar energy solutions, all under LG's "Life's Good" marketing theme. For more information, please visit www.lg.com.

About Verizon

Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 106 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company, Verizon employs a diverse workforce of nearly 196,000 and last year generated consolidated revenues of $106.6 billion. For more information, visit www.verizon.com.

SOURCE LG Electronics USA

LG Electronics USA

CONTACT: CONTACT: John I. Taylor, +1-847-941-8181, john.taylor@lge.com, or Dave Hanon, +1-212-880-5208, dave.hanon@lg-one.com, or Deidre Hart, +1-732-407-1062, deidre.m.hart@verizon.com

Web Site: http://www.verizon.com

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