The end of an era: Sony exits TV manufacturing, brand moves to a joint venture
Pioneer of the television industry and Japanese quality brand Sony is ending the manufacturing of its own televisions.
In a press release, the company says it has reached an agreement with Chinese manufacturer TCL to establish a new joint venture.
The new joint venture will be responsible for designing and manufacturing all televisions sold under the Sony brand and Sony's Bravia brand. TCL will hold a slim majority stake in the joint venture (51%), while Sony retains the remaining ownership.
Going forward, all televisions sold under the Sony brand will be based on TCL's technology. The joint venture is expected to begin operations in March 2027, pending approval from competition authorities.
Sony has been one of the last Japanese manufacturers to remain relatively competitive in the increasingly tough television market. Chinese (TCL, HiSense) and Korean (Samsung, LG) brands have year after year squeezed Japanese manufacturers into an ever tighter corner.
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