Philips sells remaining HT business lines to Funai

Dennis Nicholls

Senior HTF Member
Joined
Oct 5, 1998
Messages
10,733
Location
Boise, ID
Real Name
Dennis
Philips is getting completely out of the HT business, selling its speaker, DVD, and other remaining brands to Funai. Funai will sell Philips-branded gear for several years under the terms of the deal. http://news.cnet.com/8301-1023_3-57566380-93/philips-sells-consumer-business-to-funai-for-$202-million/ This story includes the press release: http://www.engadget.com/2013/01/29/philips-sells-entertainment-division-to-funai/ Philips had previously sold its television line to Funai back in 2008 http://www.funai.us/topics/2008/080409.html
 

Cees Alons

Moderator
Senior HTF Member
Joined
Jul 31, 1997
Messages
19,713
Real Name
Cees Alons
I haven't read all the specifics yet, but I understand the sold all the "media business". I wonder what it is they will keep doing. (They originally started as a light-bulb factory, back in the 20s of the previous age. Anton Philips.) Cees
 

schan1269

HTF Expert
HW Reviewer
Senior HTF Member
Joined
Jul 4, 2012
Messages
17,111
Location
Chicago-ish/NW Indiana
Real Name
Sam
As profits continue to drop in CE, expect more companies to "fold" and sell off to ODM. That is what Funai is, an ODM. "Who else" is Funai? They make all the RCA, Terk and Directv. As Directv owns Funai. Ergo, RCA is a brand of Directv.
 

Forum Sponsors

Forum statistics

Threads
345,226
Messages
4,735,129
Members
141,416
Latest member
Bigbob7777