Zenith Makes Lots Of Money For LG

Posted: Nov 21 2007, 8:00am CST | by , Updated: Aug 11 2010, 4:58am CDT, in News | Technology News

 
Zenith makes lots of Money for LG
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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.

This story may contain affiliate links.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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