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After Philips Consumer Electronics acquired companies as Magnavox and Sylvania in the late-1970s, Philips managed to sell their 100-millionth TV-set in 1984. Throughout the 1990s, increasing competition from East Asian manufacturers (initially Japanese, then Korean and Chinese) led to a general erosion in market share, particularly in ...
Philips Records is a record label founded by Dutch electronics company Philips and Dutch-American music corporation Universal Music Group. It was founded as Philips Phonographische Industrie in 1950. In 1946, Philips acquired the company which pressed records for British Decca's Dutch outlet in Amsterdam.
The original LP releases of the classical recordings continued through 1968. The Mercury classical-music catalogue (including the Living Presence catalogue) is currently managed by Decca Label Group through Philips Records, which reissued the recordings on LP and then CD. In turn, Mercury now manages the pop/rock catalog of Philips Records.
Gerard Philips (1858–1942), founder. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel, financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892.
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It was a subsidiary of the Philips/Phonogram record label, launched in 1969 to specialise in progressive rock and other non-mainstream musical styles. [2] Today, it is operated by Universal Music Germany , [ 1 ] and the UK catalogue was folded into Mercury Records , which was absorbed in 2013 by Virgin EMI Records , which returned to the EMI ...
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The cassette soon became a medium for distributing prerecorded music—initially through the Philips Record Company (and subsidiary labels Mercury and Philips in the US). As of 2009, one still found cassettes used for a variety of purposes, such as journalism, oral history, meeting and interview transcripts, audio-books, and so on.