The new 11-inch OLED TV to be launched this year will be made by ST Liquid Crystal Display, a joint venture between Sony and Toyota Industries, Sony spokesman Daiichi Yamafuji said, declining to give unit targets or a likely price.

Revenue for PDP TV took a substantial hit in February, according to the latest figures released by the NDP Group on Tuesday, generating only US$181 million compared to the nearly US$216 million in February 2006.

Korea's top plasma screen makers, LG Electronics and Samsung SDI, both reported bad news recently.

Matsushita will further develop the manufacture of plasma TVs in the so-called BRIC countries--Brazil, Russia, India and China, President Fumio Otsubo said in an interview with The Yomiuri Shimbun.