Sustainable solutions have the potential to reap huge energy savings across video entertainment industry

Industry Overview - The video and TV industry is a significant emitter of greenhouse gases, accounting for 4% of global emissions, which is double that of the aviation industry at 2% [5] - Video content constitutes 80% of total internet traffic, significantly impacting CO2 emissions from data centers [7] - The industry's carbon footprint spans production, delivery, and consumption, with Scope 3 emissions from indirect sources like travel, accommodation, and post-production being a major challenge [2][3] Technological Innovations - Pixel Value Reduction (PVR) technology, developed by InterDigital, can achieve significant energy savings without compromising video quality, potentially saving 48 million kWh of energy if applied to events like the Olympics [3][5] - IP-based remote virtual production can reduce the industry's carbon footprint by 6x compared to on-site methods [6] - AI and brightness-adjustment technologies are expected to reduce TV energy consumption by 15% by 2028 [6] Energy Consumption Trends - Overall energy consumption for video entertainment devices (TVs, set-top boxes, media streamers, gaming consoles, smartphones, and tablets) has declined by 17% since 2020, with a further 12% reduction expected by 2028 [6] - Emissions from TVs in 2024 were estimated at 54 MtCO2e, equivalent to the annual greenhouse gas emissions of 11.7 million passenger vehicles [7] - 4K TVs, now installed in 858 million homes, generate 1.7x more emissions per hour compared to 1080 HD TVs [7] Impact of Major Events - The Paris Olympics had an estimated media carbon footprint of 602.8 million tons, with 1.25 TWh of electricity consumed due to streaming across various devices [7] - Each hour of film production since 2023 has equated to an average of 16.6 tCO2e, equivalent to the energy consumption of two homes annually [7] Company Focus - InterDigital is a leader in developing video compression standards and PVR technology, aiming to reduce energy consumption in the video industry [3][9] - The company is also involved in AI research, which intersects with wireless and video technologies, contributing to more sustainable solutions [9]