Sony, Panasonic to end tie-up on OLED TV

Written by Reuters | Tokyo | Updated: Dec 26 2013, 09:29am hrs
Sony and Panasonic, Japans two largest consumer electronics companies, said on Wednesday that they will end joint development of organic light emitting diode (OLED) television screens, a thinner and brighter type of next-generation display in which South Korean rivals have a head-start.

The two companies, which have been scaling back their TV operations after heavy losses in recent years, will focus their efforts on conventional liquid crystal display screens for so-called 4K ultra high-definition TVs, which have greater promise, company spokesmen said.