Word: jvc
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Matsushita (1989 revenues: $44 billion) commands an array of brands, like Panasonic, Pioneer, Technics, Quasar and JVC. The company makes products ranging from stereos to refrigerators to bicycles to semiconductors. It is twice Sony's size, and developed the VHS videocassette format, which prevailed over Sony's Beta in a bloody competitive battle...
...colleagues ran into the same objections to their dual-deck technology in 1984. They were also unable to find any electronics companies willing to manufacture their machines or supply the needed parts. In 1987 Dunlap's company filed a $1.5 billion antitrust lawsuit against 28 defendants, charging that JVC, NEC and other large consumer-electronics firms, as well as the Motion Picture Association of America, were illegally blocking the new product...
...JVC JAZZ FESTIVAL. The son of the famed Newport Festival returns to New York City with more than 100 jazz greats and future greats, including Dizzy Gillespie, Miles Davis, Ray Charles, Roberta Flack, Ella Fitzgerald, Stan Getz, Dave Brubeck and Wynton Marsalis. Through June...
Last week a new high roller appeared on the scene when JVC, the Japanese consumer-electronics company that developed the VHS format for videocassettes, said it will spend more than $100 million to launch Largo Entertainment, a filmmaking company to be run by veteran producer Lawrence Gordon (Die Hard, Field of Dreams). JVC will give Gordon, 53, a former president of 20th Century Fox Films, a free hand in managing the new company while splitting the profits evenly with him. Gordon plans to make three movies in 1990 and five to eight pictures a year thereafter...
Besides any direct earnings from the films, JVC hopes to get new programming that it can sell on videocassettes. Company officials also want to learn more about the movie business, possibly as a prelude to buying a major film studio. Says Gordon: "They have no experience in the business and regard this as their tuition...