LG Electronics sells off TV set-top box unit to Technicolor – Pulse by Maeil Business News Korea

South Korea’s LG Electronics Inc. sold its TV set-top box unit to French media and entertainment company Technicolor SA for $50 million to formerly fold the business.

Global set-top box shipment has been on a decline from the peak of 290 million units in 2015 as multi-media platforms require less presence of separate set-top box, according to market data provider IHS.

Source: LG Electronics sells off TV set-top box unit to Technicolor – Pulse by Maeil Business News Korea

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