April 1, 1996 |
Matsushita, MCA to Form Videodisc Unit: Matsushita Electric Industrial Co. and MCA Inc. will form a Los Angeles company to produce films for videodisc systems, according to the Japanese newspaper Nihon Keisai Shimbun. The company, Digital Video Compression Corp., will be owned by Matsushita and staffed by employees from Matsushita and MCA, the newspaper said.
January 13, 2001
Matsushita Electric Industrial Co. said it will shut a North Carolina factory that makes air-conditioner compressors, eliminating 530 jobs, because of declining U.S. air-conditioner production. Matsushita, the world's No. 1 consumer electronics maker, is closing its Matsushita Compressor Corp. of America unit, which it established in 1989. The cuts represent about 2% of the Japanese company's U.S. work force. The company plans to move U.S.
July 25, 1997 |
3DO Co. said it gave up the right to collect royalties on a new video-game technology licensed to Matsushita Electric Industrial Co. In exchange, the Japanese electronics giant gave back 3.2 million 3DO shares acquired in 1993, when it invested in the start-up company. The agreement ends a December 1995 contract between the companies in which 3DO licensed its M2 video-game hardware to Matsushita. However, the Japanese company never announced any plans to bring M2 products to market.
November 18, 1990
Unhappily, Dolan's question "Who owns Yosemite?" may be answered before the contract renewal date in 1993. With the foregone conclusion of acquisition of MCA by the giant Matsushita Electric Industries Co. of Osaka, Japan, the control, as it now stands, of "the most scenic valley in the world," a national shrine and symbol of the beauty and majesty of our land, will no longer be in the hands of its rightful owners--the people of America. RALPH FRYE San Bernardino Maura Dolan responds: Word of Matsushita Electric Industrial Co.'s interest in purchasing MCA Inc. did not surface until after the Los Angeles Times Magazine had gone to print with its Yosemite package.