Thanks to a planned capital increase putting it outside the equity accounting rule, JVC Kenwood will leave the Panasonic group.
The capital increase (of around 10b yen) is part of a business reconstruction to take place January 2011, Japan's Daily Yomiuri reports.
As part of the reported reconstruction, the company will merge JVC and Kenwood, thus JVincreasing its independence from Kenwood and streamlining itself.
Now Panasonic considers buying JVC patents to indirectly help JVC Kenwood strengthen its finances.
The report concludes the new company is to concentrate on automobile navigation and other growing fields. JVC Kenwood itself has to yet issue an official statement on the subject.
AMX opens a state-of-the-art production and warehousing operation, near its York offices.
One recalls the media server business was closed down 6 months ago by its parent, Linear LLC.
This change starts off at CEDIA Expo 2011, which will run from Sept. 8-10-- that's Thursday to Saturday, for those keeping count. The organisers say the condensed show format will prove more efficient for both exhibitors and attendees.
