Sony, Panasonic call off OLED TV JV

|About: Sony Corporation (SNE)|By:, SA News Editor

Citing technical challenges in improving panel durability and lowering production costs, Sony (SNE -1.7%) and Panasonic (PCRFF) are ending an OLED TV panel JV, and will focus on creating 4K/UltraHD LCD panels. OLED materials/technology provider Universal Display (OLED -0.4%) is off moderately.

Samsung and LG remain committed to creating OLED TV panels and sets; the companies settled a bitter LCD/OLED IP dispute in September, and have independently launched OLED sets. However, their price tags make them a niche product for now.