Toshiba and Matsushita will jointly manufacture electroluminescent displays as they look to match Korean manufacturers, according to a report in a Japanese publication.
Under the settlement, the companies are cross-licensing each others' patents, and Matsushita is paying royalties, Eastman Kodak says.
World's biggest producer of plasma TVs is planning to sell the world's largest plasma TV by early 2007.
Matsushita CW-7502B CD-R firmware and Toast updates coming
Power jacket from Matsushita Electric Industrial
The company will abandon the Matsushita name and just go with its street name.
Pioneer Electronics is to cease all production of plasma panels and instead source panels from competitor Matsushita, according to Reuters.
Unsatisfied with licensing negotiations, Kodak sues Panasonic and parent company Matsushita for patent infringement.
Pioneer has announced that it will be buying its plasma display panels from Matsushita, parent company of Panasonic, in a deal that will see new TVs appear in 2009