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+ confirms more Star Wars & Marvel, Dolby Vision & Atmos

24 Aug 2019 | Rasmus Larsen |
HDR terminology

HDR terminology demystified

23 Aug 2019 | Yoeri Geutskens |
Xbox Cortana

Microsoft has listened to Xbox recordings since 2014

23 Aug 2019 | Rasmus Larsen |
The Matrix

New 'The Matrix' movie confirmed

21 Aug 2019 | Rasmus Larsen |
Disney+

Disney+ will support Apple TV, Android TV & Roku but not FireTV

20 Aug 2019 | Rasmus Larsen |
Dell OLED gaming monitor

Dell's Alienware launches 55" OLED gaming monitor without HDR, HDMI 2.1

20 Aug 2019 | Rasmus Larsen |
Canvas for LG OLED

Canvas is a powerful HiFi audiostand with 'real 3D audio' for LG OLED TVs

20 Aug 2019 | Rasmus Larsen |
Apple TV+

Apple targeting $9.99 per month for Apple TV+, ups spending by $5 billion

20 Aug 2019 | Rasmus Larsen |