Update: Here are all the details from LG's OLED TV launch

Back in March it was reported that LG plans to officially launch their 55" OLED TV during the Cannes film festival - and today there are new reports that they indeed intend to do so on Wednesday (May 23) - in Monte Carlo. According to Italian site DDay, invitations has been sent to reporters.

Hopefully during the launch LG will unveil the final mode number, price and actual shipping dates. Currently we know that the model is 55EM9600, and it uses a WOLED-CF design on an Oxide-TFT backplane. The panel is only 4mm thick, and the whole TV weighs just 7.5Kg. LG Display can currently make around 48,000 monthly 55" panels in their pilot 8.5-Gen production line. Estimates suggest that the TV will cost around $8,000.