Funai to acquire Philips' North American Blu-ray / DVD operations
We already saw the writing on the wall, but now the deed is purportedly done -- or close enough, anyway. Reuters has it that Japan's Funai Electric will take over Philips' North American DVD, Blu-ray and other audiovisual operations starting next month. It's anticipated that the deal will boost Funai's North American sales by around $332 million, and of course, maintaining that well-known Philips badge is sure to be of assistance in that department. The agreement lays out that Funai will make periodic royalty payments to use the Philips brand rather than just buying up the whole thing outrightly. First the TV division, now this -- is there anything left of Philips worth caring about in the US?
