Your browser is not Javascript enable or you have turn it off. We recommend you to activate for better security reason<div class="billede"><img src="pictures/mini-philipslogo.jpg" alt="Philips exits consumer electronics"></div>Philips exits AV market, sells remains to Funai - FlatpanelsHD

<div class="billede"><img src="pictures/mini-philipslogo.jpg" alt="Philips exits consumer electronics"></div>Philips exits AV market, sells remains to Funai

30 Jan 2013 | Rasmus Larsen |

Philips sold its <a href=http://www.flatpanelshd.com/news.php?subaction=showfull&id=1333375059><b>TV division last year</b></a> and have now decided to sell the rest of the consumer electronics division to Japanese Funai. It also means that Philips will no longer produce Blu-ray/DVD players and audio systems.<br /><br /><h3>Philips has exited the AV market</h3>Philips has been developing and selling consumer electronics for more than 80 years. They developed a range of important TV technologies and were a main contributor to the DVD and Blu-ray standards. But soon Dutch Philips will have no role in these markets. They have announced the sale of all its AV divisions, in order to focus on lighting, health / well-being and control systems.<br /><br />- <i>"Since we have online entertainment, people do not buy Blu-ray and DVD players anymore,"</i> says Philips CEO, Frans van Houten, to the Wall Street Journal.<br /><br /><p align=center><a id="thumb" href="pictures/philipsbdp8000-1l.jpg" class="highslide" rel="highslide"><img class="imgresponsive" src="pictures/philipsbdp8000-1.jpg" alt=”Philips BDP8000" title="Click to enlarge" /></a><br><i>Philips sold its TV division last year and the rest of audio/video divisions have just been sold to</i></p><br />The majority of the activities will be transferred to Funai in the second half of 2013 but the video division will not change hands until 2017. Funai will pay Philips 150 million Euros + an annually licensing fee, with an option to extend it for 5 more years. Funai will receive the right to slap a Philips logo on its products.<br /><br />You will also continue to see Philips TVs in the market place. The TVs will be produced by TPV from Hong Kong that acquired the right to use the <a href=http://www.flatpanelshd.com/news.php?subaction=showfull&id=1333375059><b>Philips brand on TVs in 2012</b></a>.<br /><br />- <i>Source: Philips press release, the Wall Street Journal</i>



Latest news

Disney+

Disney+ now live with lots of Disney, Pixar, Marvel, Star Wars in 4K HDR & Atmos

12 Nov 2019 | Rasmus Larsen |
Vizio TV

Vizio adds HDR10+ support to select 2018, 2019 TVs

12 Nov 2019 | Rasmus Larsen |
What is Disney+

What is Disney+? Everything you need to know

11 Nov 2019 | Rasmus Larsen |
Sharp rollable OLED

Sharp exhibits 30" rollable 4K OLED prototype

11 Nov 2019 | Rasmus Larsen |
Disney+

Disney+ coming to UK, France, Germany, Italy, Spain, more in March 2020

08 Nov 2019 | Rasmus Larsen |
BritBox

BritBox launches in the UK for £6/mo

08 Nov 2019 | Rasmus Larsen |
Disney+ on Fire TV

Disney+ will also stream on Fire TV, Samsung TVs & LG TVs at launch

08 Nov 2019 | Rasmus Larsen |
Xiaomi TV

Xiaomi enters European TV market

07 Nov 2019 | Rasmus Larsen |