Philips throws in the towel on the US home theater market

Philips is ready to turn the the nuke codes over to Funai as the company tries to reorganize in this pirate-infested world. Earlier in the year, the company turned over the rights to televisions and now is doing the same with DVD, Blu-ray, and home theater products. From here on out, the Philips name will still be present but Funai will be the brains behind the operation with the rights to develop, manufacture, and market the brand here in the States. As the prices of these products fall, so follows the profit margin which is presisly why Philips is leaving the ring.