Sony Corporation will carve out its television business and transfer it to a new joint venture with TCL Electronics Holdings, in a restructuring of the Japanese company’s home entertainment operations. Under the agreement, the Chinese company will hold a 51 per cent stake, with the remainder belonging to Sony. TCL is already popular in the US for budget televisions and has previously licensed the BlackBerry brand for mobile devices. Competition in the global television market continues to intensify, particularly for larger and higher-resolution screens, driven by the growth of streaming services. Many Japanese manufacturers, which once dominated the global television market, have gradually exited the sector.

Source: The Telegraph January 21, 2026 00:09 UTC