By Paul Gray – Director, European TV Research, DisplaySearch and Deborah Yang – Research Director, Monitor & TV, DisplaySearch
Philips announced on April 18 that it is divesting its TV business into a joint venture with TPV. TPV will own 70% and control the operations, and Philips will license out its brand name and own the remaining share. Philips previously licensed out its brand for TV in the US to Funai (2008), in China to TPV (last August), as well as in India to Videocon. The announcement marks Philips’ complete exit from the TV business.
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