Victor Company of Japan, Ltd (??????????, Nippon Bikuta Kabushiki-gaisha?), TYO: 6792, usually referred to as JVC, is a Japanese international professional and consumer electronics corporation based in Yokohama. Founded in 1927, the company is best known for introducing Japans first televisions and for developing the Video Home System (VHS) video recorder. From 1953 to 2008, Matsushita Electric Industrial Co., Ltd. was the majority stockholder in JVC. In 2008, JVC merged with Kenwood Corporation to create JVC Kenwood Holdings. JVC was founded in 1927 as "The Victor Talking Machine Company of Japan, Limited," a subsidiary of the United States' leading phonograph and record company, the Victor Talking Machine Company. In 1929 majority ownership was transferred to RCA-Victor. In the 1930s JVC produced phonographs and records. In 1932, JVC started producing radios, and in 1939 Japans first locally-made television. JVC severed relations with its foreign partners during World War II. Today the record company in Japan is known as Victor Entertainment.