Victor Company of Japan Ltd; as JVC is named by - manufactures consumer and professional electronics, founded in 1927, JVC is best known for being the first to introduce televisions in Japan and for developing the VHS video recorder. Up until late 2007 JVC was majority owned by Panasonic Corporation but in 2008 it became JVC Kenwood Holdings after Panasonic (Matsushita) decided to spin off the company and it merged with Kenwood Electronics. JVC is one of the best known companies for consistently Pioneering the Development of Consumer Camcorders. JVC currently manufactures Digital Camcorders, Digital Still Cameras, Camcorders and Mini and Micro Hi-Fi Systems to name a few.