LG’s lofty goals for affordable OLED screens are inching closer, thanks to the acquisition of Kodak’s OLED business.
Over the past weekend, we all did some shopping. You probably went out and took advantage of one of many holiday sales, grabbed a Blu-ray from Amazon, or picked something up from your favorite deal of the day site. LG did some shopping too, and for their early Christmas present, they nabbed an OLED display business.
It was a team of engineers at Kodak who first created and developed OLED technology, and who made some great strides in working with OLED over the past two decades. They were at the head of the OLED line, but as far as making displays of their own, Kodak’s Laura G. Quatela says it’s just not practical. “Our OLED intellectual property portfolio is fundamental, “she states. “However, realizing the full value of this business would have required significant investment.”
LG on the other hand is a company with money to spare, especially for OLED. They’ve already announced a strong desire to lead the OLED market, and it wasn’t long ago that we heard about their plan to have OLED displays cheaper than LCDs by 2016.
Details of the deal were not disclosed, aside from the mention that several lawsuits have been dropped in this deal, as LG and Kodak each had suits standing against the other.