Sony has announced today that it has signed a “memorandum of understanding” with one of its erstwhile arch rivals, TCL, to set up a new global joint venture set to encompass the entirety of Sony’s home entertainment products business.

TCL is set to take over Sony's home entertainment business, and some customers are concerned about a lack of choice and lower quality products.

Sony Corp. said yesterday it will spin off its home entertainment business into a joint venture with major Chinese television maker TCL Electronics Holdings

Sony is making a move that would have seemed unthinkable not all that long ago. Under a newly announced strategic partne