Panasonic, as it happens, does actually have that sort of money, but has opted to stay in instead, and spend the money on a bigger telly.
According to the Japanese ‘Nikkei’ newspaper, it’s planning to produce a 40-inch OLED telly by 2011 – just in the nick of time for you to see every disgusting bead of sweat fall from the athletes in the 2012 Olympics in phenomenally high-quality.
The £467 million – or 100 billion Yen – is apparently going to be invested into a factory that was previously producing regular LCD TVs. This is a change for Panasonic as previously all of its TVs above 37″ had been plasma.
When the 40″ OLED eventually comes to market though, don’t expect it to be cheap. A much smaller 11″ Sony OLED will at the moment set you back about £1000… and 40″ means a lot more organic diodes will be needed.[via TrustedReviews]