Panasonic Media Entertainment Formed to Serve Sports, Entertainment Industries

Panasonic North America created a new subsidiary company, Panasonic Media Entertainment, to specialize in “serving the needs of the sports and entertainment industries,” it said in a Friday announcement. Headquartered in Newark, New Jersey, Panasonic Media Entertainment “will develop and sell proprietary technological solutions that incorporate high-performance projectors, large screen LED display systems, broadcast-related equipment, professional audio systems, and energy-saving lighting equipment to diverse customers in the entertainment business including theme parks,” Panasonic said. The subsidiary's president, Masaharu Nakayama, previously headed Panasonic System Communications of North America, and will lead a workforce of about 140 employees, including those at offices in Denver, Los Angeles, Orlando and Coppell, Texas, Panasonic said.