Core Viewpoint - Sony and TCL have signed a memorandum of understanding to explore strategic cooperation in the home entertainment sector, aiming to establish a joint venture that will integrate various aspects of product development and operations [1] Group 1: Joint Venture Details - The proposed joint venture will be owned 51% by TCL and 49% by Sony, focusing on a range of products including televisions and home audio systems [1] - The companies plan to negotiate a legally binding final agreement by the end of March 2026, with the new company expected to commence operations in April 2027, pending regulatory approvals [1] Group 2: Business Operations - The joint venture will encompass integrated business operations from product development, design, manufacturing, sales, logistics, to customer service on a global scale [1]