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Pioneer To End TV Production  

post #1 of 2692
2/6/09 at 9:41am
Thread Starter 
I just saw this story on the Dow Jones newswire and almost did a spit take while eating lunch. This is horrible news. I planned on getting a Kuro this summer and now I may have to push the date forward.

02/06 12:12P (DJ) DJ Pioneer To End TV Production, Spin Off DVD
Development-Nikkei
Story 6368 (6752.TO, 6753.TO, 6773.TO, PC, SHCAY, JP3359600008...)
TOKYO (Nikkei)--Pioneer Corp. (6773.TO) will pull the plug on its
loss-ridden television business and shift its DVD player operations to a new
venture with Sharp Corp. (6753.TO) in a sweeping overhaul, The Nikkei reported
in its Thursday morning edition.
The company had been planning to end in-house production of plasma panels by
the end of March and outfit its TVs with Panasonic Corp. (6752.TO) panels
instead. Faced with worsening profit margins, however, it has decided to end
TV development and production altogether.
Pioneer will idle its lone domestic TV factory in Shizuoka Prefecture
sometime this year. Factories in the U.S. and Europe are already slated for
closure.
Sales of Pioneer TVs will continue for the time being. The company has not
yet decided what to do when inventories run out.
Meanwhile, Pioneer will spin off its DVD player operations, which are
equally steeped in losses, to a new company to be set up with Sharp as early
as this spring.
The company plans to eliminate several thousand of its roughly 40,000
groupwide jobs in the year ending March 2010. Pioneer is likely to post a
consolidated net loss of more than Y100 billion for the year ending this
March, wider than the Y78 billion loss it forecast earlier.

Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd...tSjGoMmw%3D%3D. You can use
this link on the day this article is published and the following day.


(END) Dow Jones Newswires
02-06-09 1212ET
Additional Codes ( JP3780200006, JP3866800000, US69832A2050, US8198822004,
I/CSE, I/ENT, I/X225, I/XATI, I/XDJGI, I/XGDW, I/XISL, I/XNYA, N/DJIN, N/DJN,
N/DJWB, N/ADR, N/APIN, N/CAC, N/CNW, N/DJPN, N/DJWI, N/HED, N/NIK, N/NJR,
N/NKR, N/PRSS, N/SPN, N/TPCT, N/TSY, N/WEI, M/NCY, M/NND, M/TPX, P/MDK,
R/ASI, R/FE, R/JA, R/PRM)
post #2 of 2692
2/6/09 at 9:43am
get a kuro while you can
post #3 of 2692
2/6/09 at 9:45am
Am I reading this right that there will be no more, *including no 10g even?
If this is legit...this is a TERRIBLE day in videphiles history.
Come on OLED and/or SED.....cannot only be LCD's.
I might buy a second 9g if this turns out to be legit.
post #4 of 2692
2/6/09 at 9:47am
Damn.. I'm glad I ordered when I did..
post #5 of 2692
2/6/09 at 9:51am
FOR SALE:
Brand new Kuro 6020, still in the box, never used (I'm taking delivery of it today).
First $20,000.00 takes it.
Will not ship, must be pick-up localy in Las Vegas Nv.

Message me if interested.

Cheers
Davyo
post #6 of 2692
2/6/09 at 9:51am
I literally just got the news too.
Very sad day for the PDP business.

Auditor55 is going to love this.
post #7 of 2692
2/6/09 at 9:53am
Man, I hope this is a mistake.

Like eagles said, if it isn't, its a sad day for videophiles.



D-Nice, where are you.

We need some clarification on this.
post #8 of 2692
2/6/09 at 9:53am
Quote:
Originally Posted by E-A-G-L-E-S View Post

If this is legit...this is a TERRIBLE day in videphiles history.
.

Yea I AGREE
post #9 of 2692
2/6/09 at 9:54am
Quote:
Originally Posted by chadmak09 View Post

Man, I hope this is a mistake.

Like eagles said, if it isn't, its a sad day for videophiles.



D-Nice, where are you.

We need some clarification on this.

I am waiting for clarification but I think it is true.
post #10 of 2692
2/6/09 at 9:56am
A very sad day indeed.
post #11 of 2692
2/6/09 at 9:57am
Doh!
post #12 of 2692
2/6/09 at 9:58am
Holy cow! I'm glad I got a 111fd.

I had to check the calendar to see if it was April 1st!
post #13 of 2692
2/6/09 at 9:58am
My quest for the Perfect Tv just got set back by years with this news.

Maybe Pioneer will sell its ECC tech to panny and it will go forward.
post #14 of 2692
2/6/09 at 9:59am
Quote:
Originally Posted by ROMAN O View Post

get a kuro while you can

I would say you are correct, get it while you can...

My wife had actually heard on the National news yesterday that Pioneer was going to lay off 15,000 employees..
So I guess it all makes sense now..
Sonny
post #15 of 2692
2/6/09 at 10:00am
Ouch

this is very bad news
post #16 of 2692
2/6/09 at 10:01am
I do not think, IT IS END OF WORLD! Cmon Pioneer say Ola to LCD world, bye bye PLASMA! Pioneer know their niche!
post #17 of 2692
2/6/09 at 10:01am
Well, it is sad news but quite frankly no surprise. The writing was on the wall. As I and a couple others mentioned, losses over the last 4/5 years along with the current worldwide economic crisis left them no choice.
And as I mentioned, it makes more sense for them to continue in other profitable business groups.

This is not the end for plasma. Samsung, Panasonic, and LG will continue development in that area so plasma fans need not despair.
post #18 of 2692
2/6/09 at 10:02am
Quote:
Originally Posted by chadmak09 View Post

My quest for the Perfect Tv just got set back by years with this news.

Maybe Pioneer will sell its ECC tech to panny and it will go forward.

ECC is still expensive. However, Panasonic could create a higher than current tire display bracket and bring them to market. If the world economy is still in the toilet, you can forget about it happening next year.
post #19 of 2692
2/6/09 at 10:04am
The fact is that the days of paying $5000+ for a television set are behind us. The novelty of flat panel receivers and HDTV has worn off and now consumers want televisions that are priced like, well, televisions.

Personally, I am tired of the elitism (pun intended) associated with the Pioneer brand on this message board and am not entirely sad to see Pioneer go. And good riddance to the highly reflective piano black bezels brought to us by Pioneer!

DelJ
post #20 of 2692
2/6/09 at 10:04am
Dang. I was hoping to purchase a Pioneer for my next HD set in a year or so. You could kind of see the writing on the wall with the moves Pioneer made last year combined with the global economic crash, but still. As mentioned above, hopefully Panasonic will keep their tech alive and moving forward.

Edit: I see most of my thoughts have been mentioned above. Oh well.
post #21 of 2692
2/6/09 at 10:04am
I was just told that this is only for this quarter but 10G is on target Stay tuned. Talking to Pioneer now. Very weird.
post #22 of 2692
2/6/09 at 10:06am
Holy Crap and I was just trying to decide on 151 or XBR8.-TODAY.

Rick
post #23 of 2692
2/6/09 at 10:07am
Don't worry, goverment will start a coupon bailout program for TV industry: let say $1000 for a new green TV (not really green, but probably green color)
post #24 of 2692
2/6/09 at 10:09am
Quote:
Originally Posted by ROMAN O View Post

I was just told that this is only for this quarter but 10G is on target Stay tuned. Talking to Pioneer now. Very weird.

Maybe that's related the this part of the article:
Quote:


Pioneer will idle its lone domestic TV factory in Shizuoka Prefecture
sometime this year. Factories in the U.S. and Europe are already slated for
closure.
Sales of Pioneer TVs will continue for the time being. The company has not
yet decided what to do when inventories run out.
post #25 of 2692
2/6/09 at 10:09am
Quote:
Originally Posted by ROMAN O View Post

I was just told that this is only for this quarter but 10G is on target Stay tuned. Talking to Pioneer now. Very weird.

That's not what I've been told. Are you speaking to Pioneer NA or japan?
post #26 of 2692
2/6/09 at 10:09am
Yes, I heard this weeks ago from my friend who has been selling TVs for decades. He said Pioneer was closing it's plasma division this year and that Kuro would spin off as it's own brand. Since Panasonic has been supplying the panels for Pioneer for some time now, it appears that they will continue to be the top plasma manufacturer for the foreseeable future. Just not sure if that "Kuro only" company is for real or not. We'll all know in a short time.
post #27 of 2692
2/6/09 at 10:10am
Quote:
Originally Posted by CETA1 View Post

Holly Crap and I was just trying to decide on 151 or XBR8.

Rick

XBR8, and let me know if you find a deal there!
post #28 of 2692
2/6/09 at 10:10am
Man oh Man. So the VP of Pioneer is not confirming the story so its a waiting game now but I am about 50/50 on this and getting another Kuro myself.
post #29 of 2692
2/6/09 at 10:11am
Quote:
Originally Posted by D-Nice View Post

That's not what I've been told. Are you speaking to Pioneer NA or japan?

NA thats prob why, what do you think
post #30 of 2692
2/6/09 at 10:12am
Well, we look forward to MASS SELL, in next month or so!
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