|Funai Acquires Philips' North American DVD and Blu-ray Operations|
|Home Theater News Industry-Trade News|
|Written by AVRev.com|
|Friday, 02 January 2009|
Funai has opted to pay Philips royalty payments for the use of their brand instead of an upfront payment. Philips decision to turn over the North American division to Funai came as it is struggling due to economic conditions. Philips also wants to focus on their higher-margin operations.
Funai's North American revenues account for 65 percent of their total sales.