Philips is the brand we are most familiar with, Philips actual name is Koninklijke Philips Electronics N.V. (Royal Philips Electronics Inc.). Philips is today one of the largest technology and electronics company in the world with its 2007 revenue peaking at €26.79 billion and currently employs 123,800 people in more than 60 countries. Philips is actively involved in the manufacturer of consumer electronics and appliances, light bulbs and hospital medical equipment. Philips was originally founded in 1891 by Gerard Philips in the Netherlands and started making light bulbs. Philips introduced the Blu-Ray disc in 2006 in partnership with Sony. Today Philips has introduced and is pushing forward the Philips Cinema 21:9 TV in a widescreen mode for HDTVs with an LCD display using aspect ratio.