Pioneer’s company and sharp company have already signed and is a joint venture is established in the shopping center of the visual magnetic disc in a cooperative agreement.
The goal of the new joint venture gets and manages use of the resources in the optical magnetic disc business field of two companies even more and catches a leading position effectively in this area, especially in market of Blu ray laser disc expected in prominent development in the future.

The visual magnetic disc business of two companies will be rotated with the target date of beginning of management in about October to the new joint venture 1 , 2009 . The new company will be engaged in the development of the visual magnetic disc products, design, make and sell, concentrate on the optical disk drive, recorder and athlete.

According to news briefing, those two companies will elaborate essential detailing those joint ventures, and guarantee the goal of signing agreement of joint venture of the official side will be earnestly and sincerely negotiated before using for June 25 of 2009.

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