Panasonic Loss Balloons For Record Red Ink
The Osaka-based maker of Viera TVs and Lumix digital cameras reported Friday a record loss of 772.2 billion yen ($9.6 billion), a reversal from the 74 billion yen profit a year ago and among the biggest in Japan’s manufacturing history.
Shares in Japan’s consumer electronics giant Sony Corp slipped quietly to a quarter century low this week, a sign of how the Walkman and PlayStation maker has lost its innovative edge and fallen far behind rivals Apple and Samsung Electronics. On Friday, Panasonic Corp., too, will post a record full-year net loss — of close to $10 billion as it restructures its ailing TV operations.
Panasonic’s New Camera Is Weight Watcher
At just seven pounds, its new AG-HPX600 is its lightest shoulder-mount camera. And it can be upgraded as new functionality becomes available. For all that’s going on at NAB 2012, click here.
Japanese electronics conglomerate Panasonic Corp. named Kazuhiro Tsuga, the head of its loss-making TV business, as its new president as the company heads for a record annual loss.
Getting The Shot Cheaper, Easier, Faster
As more and more stations adopt the one-man band approach to newsgathering, the camera manufacturers are turning out new units that are small enough and light enough to be managed easily, and big enough and heavy enough to be balanced for a steady shot. Plus, they’re inexpensive enough that any station’s budget can handle them, too. Among the options that will be featured at NAB 2012 are the Sony NX5, the JVC 150 and the Panasonic 250.
Sony Corp. and rival Panasonic Corp. are set to report a slump in quarterly earnings and may cut full-year forecasts after being hit by yen strength, Thai floods and consumer gloom in Europe during the vital pre-Christmas period.
Japan’s Sony and Panasonic both had their debt ratings downgraded on Friday by Moody’s Investors Service, which cited concerns about continued losses in their TV divisions, two weeks ahead of their earnings announcements.
NBC, Panasonic Team for Olympics 3D
This summer, NBC will air 200 hours of the London games produced by the host Olympic Broadcast Services using Panasonic 3D gear. The 3D coverage of gymastics, diving, swimming and other events will be recorded and broadcast a day later.
Panasonic Sees $5.5 Billion Annual Loss
Japanese electronics maker Panasonic Corp. forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income.
Panasonic Solutions Co. today announced that the AJ-PCD30 P2 drive, a new three-slot P2 device with a USB 3.0 interface for super-fast offloads from a P2 card (USB 3.0 cable […]
Japan’s Panasonic Corp forecast on Monday its full-year operating profit would drop 11% to 270 billion yen ($3.4 billion) in the year to March 2012, after the earthquake and tsunami in northern Japan hit production and sales.
Panasonic Solutions Co. today announced the introduction of the AG-AC7PJ, a low-cost professional AVCHD shoulder-mount camcorder. Featuring Full HD (1920×1080) and SD Memory Card recording (480i) to SDHC/SDXC media, the […]
The new UHS-1 line of smarter, more robust SDB media will offer transfer rates of up to 90MBs.
TOKYO (AP) — Panasonic Corp., which faces a tough road this year after Japan’s earthquake, tsunami and nuclear crisis, believes it can turn disaster into opportunity as the country rethinks […]
Canon Focuses On Station Camcorder Market
With an “arsenal” of three camcorders with solid-state media, the company is ready to compete with Sony, Panasonic and JVC for stations upgrading to high-def news. Says Canon’s Larry Thorpe: “We have jumped in … because we certainly have seen over recent years a very definitive move of broadcasters looking for lower-cost equipment for newsgathering … and we play down there in that lower-cost end.”
Sinclair Broadcast Group has selected Panasonic’s P2 HD camcorder for all 12 of its news producing stations. The order comes on the heels of other investments in Panasonic solutions.
New Tech Promises Improved Efficiency
Vendors of news production systems, editors, switchers, graphics and lighting will be showing new or upgraded products at the NAB — all with the promise that they will allow broadcasters to produce news more efficiently and distribute it more widely. Here are some of the latest developments from Avid, Grass Valley, Chryon, Sony, Panasonic, Ross Video, EVS, Litepanels and Videssence.
ENG Innovations Coming Into Focus At NAB
New camcorders, drives, software, ASI modules, lenses and laptops promise to advance the state of the art for newsgathering, editing and archiving at next month’s NAB Show.
At a pre-NAB press conference in New York yesterday, the video vendor says to expect new ENG camcorders at NAB that will meet the demand of broadcasters for “smaller, lighter” gear. But it declines to give details. It also slashes the price on its P2 memory cards by 20% and offers new software and hardware aimed at taking some of the kinks out of the P2 workflow.
Panasonic Quarterly Profit Jumps 24%
TOKYO (AP) — Panasonic’s quarterly profit jumped 24 percent, driven by strong sales of flat-panel TVs, auto components and solar panels that offset damage from a strong yen. The Osaka-based […]
Advanced, custom-designed 4/3″ sensor delivers depth of field and field of view similar to a 35 mm movie camera. The camcorder uses low-cost still camera and film-style lenses.