JVC was founded in Japan in 1927 as the US subsidiary of Victor Talking Machine Company making phonographs. They also stamped the first record ever in Japan putting them in a unique position in the market of having the hardware to play the records they produced. JVC later was credited with bring movies into the home by inventing the VCR. They won a heated battle with Sony’s Beta tape format. Sony would not sell their technology to other companies and though they had a superior recording format in Beta they lost the format war to JVC because JVC immediately licensed their technology to anyone who wanted to use it. JVC overnight became the go to manufacturer of video equipment and later created the world’s first all in one portable video camera and later the first pocket sized video camera. JVC’s mobile division is now owned by Kenwood USA.