BOOMBOX: JVC (VICTOR)

JVC - Was founded in 1927 as "The Victor Talking Machine Company of Japan, Limited" as a subsidiary of the United States' leading phonograph and record company, the Victor Talking Machine Company.

In 1929 majority ownership was transferred to RCA-Victor. In the 1930s JVC produced phonographs and records, but in 1932 JVC started producing radios, and in 1939 they introduced Japan's first TV.
JVC severed relations with its foreign partners during World War II, and since 1953, JVC has been owned by Matsushita, who held a majority stake in the company until August 2007.

In December 2006, Matsushita entered talks with Kenwood and Cerberus Capital Management to sell its stake in JVC.

In 2007, Victor Company of Japan Ltd confirmed a strategic capital alliance with Kenwood and SPARKX Investment, resulting in Matsushita shareholding being reduced to approx 37%.