Pioneer Exits TV Business, No More Sweet Plasmas

Our favourite plasma maker and TV tech innovator is exiting the TV business for good, says HD Guru.

We've known Pioneer's been having a hard time of things lately, especially when they confirmed they were leaving the plasma manufacturing business. They hitched their wagon to Panasonic, the leading plasma manufacturer, but apparently Panny just delayed the opening of a new factory, citing economic strains. So you can see how the #2 would get shoved aside, if all of Panasonic's capacity is tied up with its own product.

As for its DVD and Blu-ray group, the Nikkei says it plans to merge that with a division from Sharp as some sort of new business venture.

Gary Merson at HDGuru had been sniffing around this story, and today, Nikkei confirmed it with a report of its own. [HDGuru]

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