Panasonic Electronics is one of the largest Japanese electronics multinational Corporation , established in 1918 . Headquartered at Osaka , Japan Panasonic has now globally expanded itself to around 580 subordinate companies providing employment to over 330,000 workers . Panasonic Corporation is assumed to be the world's fourth largest TV manufacturer . It switched from producing analog TVs to digital TVs in January 2006, shredding off 30% of its sales. It purchased the patents of Pioneer's HDTVs and went onto producing Plasma TVs incorporating newer features . In 2012 , it signed a pact with MySpace to launch what is known as Myspace TV that allows users to chat online while watching TV programmes . By 2012 , Panasonic is believed to hold a sum of 140,146 patents across the world.