At this year’s CEDIA Expo, LG announced a smaller version of last year’s $300,000, 136-inch Magnit “micro LED” TV. Coming in at 118 inches, this smaller Magnit model measures just under 10 feet diagonally and will retail for $237,000.
LG Electronics USA Senior Vice President Michael Kosla commented on the new release, saying that it hits the “sweet spot” between the 136-inch model and LG’s 97-inch signature OLED M wireless TV. Kosla claims the 118-inch Magnit is “setting a new standard for home entertainment, delivering the ultimate color, clarity and contrast. Certainly, with over 8 million pixels the width of a human hair and powered by LG’s DVLED technology that was originally only used for large commercial displays, the 118-inch Magnit looks great. The price, however, is still a huge mitigating factor on “micro LED” displays, especially for residential use.
With companies like Samsung and TCL recently putting out similar displays at exorbitant prices, it seems that “micro LED” technology will most likely not be widely ready for residential use for several years yet. Meanwhile, OLED technology has become more and more advanced in recent years, while also becoming cheaper to produce, leading to OLED having a much larger market share in residential applications.
So far, the 118-inch Magnit TV has only been announced for the North American market.
The following was originally published August 22, 2023:
Last year, LG announced the initial version of its 136-inch The Magnit ‘micro LED’ TV for an incredible $300,000. Now, The Magnit has gotten even more upgrades as LG has partnered with luxury brand Bang & Olufsen.
The Magnit has always featured a 120Hz refresh rate, up to 2000 nits brightness, and 4K resolution. The new announcement, which was jointly released by LG and B&O, reveals that the high luxury TV now comes equipped with a pair of Beolab 90 speakers, as well as support for B&O’s remote control. The new price has not yet been revealed, but as a pair of Beolab 90 speakers retails for $80,000 alone, it is unlikely that The Magnit has become any more accessible to the masses.
See also: LG’s massive wireless OLED TV to launch in North America/Europe for steep price
The joint press release issues by the companies reads:
“Beolab 90 is a floor-standing speaker that adapts output to the space it is in and the type of audio it is reproducing. With 8,200 watts per speaker, 18 premium drivers, 14 channels of 300-watt ICE power amplifiers and 4 channels of 1,000-watt Class D Heliox amplifiers, Bang & Olufsen’s Beolab 90 makes music and soundtracks come to life in a way that few speakers can.”
