Filed under: News | Technology News
Zenith makes lots of Money for LG
Nov 21 2007, 8:00am CST | by Luigi Lugmayr
LG Electronics bought U.S. based Zenith Electronics back in 1995. It looked for a long time that the $500 million LG spent for Zenith have been a bad investment.
Things have turned around though for Zenith. The company is now making sizable profits from the digital TV market.
Zenith developed the 8-VSB digital transmission system at the heart of the ATSC DTV standard adopted by the FCC. The company holds numerous patents essential to the production of over-the-air digital television receivers.
Other digital TV manufacturers pay $5 per TV license fee to Zenith.
Zenith recorded $25 million in sales last year, and the figure doubled to $50 million this year without requiring any further investment. The digital TV market is expected to grow over 30% next year. So it looks like LG is getting back their $500 million and maybe some more.
More details on Chosun.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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