TV manufacturer Philips is spinning off its loss-making TV arm into a new venture with Taiwan-based TPV Technology.
Under the deal, Philips will retain a 30% stake in the TV business, although it will have the option to sell this stake after six years.
The move follows disappointing first quarter results for the Dutch consumer electronics giant, with a profit of 138 million on revenues of Â5.3 billion.Â
ICYMI: Premier League clubs could stream non-televised matches from October digitaltveurope.com/2020/09/25/pre… https://t.co/VfuFljuy43
25 September 2020 @ 20:00:00 UTC
ICYMI: DTVE Digital Symposium looks in depth at Android TV, pay TV integration and local regulation… twitter.com/i/web/status/1…
25 September 2020 @ 19:00:00 UTC
ICYMI: Amazon launches game streaming service Luna digitaltveurope.com/2020/09/25/ama… https://t.co/0kBw2fMwmK
25 September 2020 @ 18:00:00 UTC
DTVE: the week in view – Six more months of COVID-19 restrictions – where does sports broadcasting go from here?… twitter.com/i/web/status/1…
25 September 2020 @ 17:08:33 UTC