funai

Philips sells audio, video unit to Funai for $202 million

Royal Philips Electronics has signed a deal to sell its consumer-oriented lifestyle entertainment division to Funai Electric.

According to Philips' announcement today, Funai is paying 150 million euros ($202 million) for the division, which includes audio, visual, multimedia, and accessories. Funai will also license the Philips brand for five-and-a-half years.

Philips' lifestyle entertainment division is made up of a wide range of consumer products, including the company's home speakers, DVD players, and headphones. Although those products will still be available with Philips branding, Osaka, Japan-based Funai will be developing them.

According to Philips CEO Frans van Houten, the move … Read more

Microsoft and Funai sign patent deal

Microsoft announced on Tuesday that it has set up a new deal to swap patents with LCD TV maker Funai.

Funai, which makes TVs sold in the U.S. under the brands Philips, Magnavox, Sylvania, and Emerson, will gain access to Microsoft's exFAT file system, an enhanced version of the company's older FAT (file allocation table) used to store and organize data on a disk.

The exFAT (extended FAT) system supports much higher-capacity drives and devices than can FAT and will quickly save files onto SD cards, USB drives, and other portable gadgets. Microsoft sees it as the … Read more

Flat-panel TV sales surge despite weak economy

The weak economy hasn't stalled the American consumer's flat-panel fix.

Following a decline last year, North American sales of flat-panel TVs surged during the first quarter of 2009, according to a report released Monday from market research company DisplaySearch. With demand often outpacing supply on some models, 7.2 million flat-panel TVs flew off the shelves, an increase of 23 percent from the first quarter of 2008.

Aggressive pricing followed by Circuit City's liquidation tempted consumers in search of bargains, according to the DisplaySearch report titled "Quarterly Global TV Shipment and Forecast Report."

Former small … Read more

Philips announces three new Blu-ray players

With Funai licensing the Philips brand in 2009, things have gotten a little confusing about just what's going on with Philips home audio and video products. But it appears that all the products that Philips announced at CES 2009--including three new Blu-ray players--are true Philips products. Philips had already planned out its 2009 line and Funai Electric will be taking over the production of that line this year.

The three models include the BDP3010 ($229.99), a profile 1.1 model, and two BD-Live capable players, the BDP5010 ($249.99) and the BDP7310 ($299.99). We say capable because … Read more

New Philips 7000 series FlatTV makes an appearance

With Funai licensing the Philips brand in 2009, things have gotten a little confusing about just what's going on with Philips home audio and video products. But it appears that all the products that Philips announced at CES 2009--including the new 7000 series Flat TVs--are true Philips products. Philips had already planned out its 2009 line and Funai Electric will be taking over the production of that line this year.

Thus far, details are scant on just when the new 7000 series LCD TVs will be released and how much they'll cost. However, they do have a new … Read more

Funai to distribute Philips TVs in U.S., Canada

As of September, Philips will no longer make televisions for the U.S. and Canada.

Instead, it is transferring that job to Japanese electronics maker Funai. The two companies agreed to a brand-licensing agreement in which Funai will source, distribute, market and sell all consumer TVs under the Philips and Magnavox brand names in the U.S. and Canada.

The deal begins September 1 and is good for five years. Funai will pay a royalty to Philips.

"This agreement secures continued presence of Philips and Magnavox branded TVs in North America in a model that safeguards Philips profitability in … Read more

Funai announces Blu-ray player for less than $300

The major gripe against Blu-ray has always been that the hardware is just too expensive, especially when $99 HD DVD players were flying off the shelves at Wal-Mart a few months ago. While videophiles on a budget could opt for the $400 Sony PlayStation3, there hasn't been a real alternative for those looking for a cheaper standalone unit. Funai is looking to fill this gap with its latest announcement of a Blu-ray player slated to come in the second quarter of 2008 for less than $300--which is the lowest price we've seen on any Blu-ray player.

Other than … Read more