January 8, 2018
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Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.
Irvine-based Vizio Inc. has launched a free streaming service in an effort to corral cord cutters who have ditched traditional cable services.
Runs OC’s second largest minority-owned firm … $3.5B revenue … perennially battles Samsung in domestic smart-TV sales … also sound bars, other devices … $2B sale to Chinese conglomerate LeEco dropped 2017 … owns 55%; rest in Taiwan, China, La Jolla hands … has backed Pacific Symphony, Philharmonic Society, Segerstrom Center … Business Journal OC’s Wealthiest, $800M