LAS VEGAS and IRVINE, Calif., Jan. 8 /PRNewswire/ -- (CES) -- VIZIO, America's #1 LCD HDTV Company, announced today that it has entered into a three year, North American endorsement agreement with international pop-music icon and film star, Beyoncé Knowles - Carter. Financial terms of the agreement were not released, but the contract does provide language that allows the parties to expand the relationship as VIZIO enters new markets around the world.
The agreement grants name and likeness rights to VIZIO for North American advertising, product packaging, web, promotions, public relations and point of sale materials. The partnership will also allow Knowles to participate in the design and performance characteristics of new products from VIZIO's ever-expanding line of audio, visual and web-enabled products.
"Beyoncé is in an elite class of entertainers who are globally known and respected for their talent on stage and in front of the camera," said Laynie Newsome, Co-Founder and VP Sales & Marketing Communications of VIZIO. "We believe both VIZIO and Beyoncé are closely aligned as American success stories who have redefined the rules in our respective industries."
VIZIO has maintained the #1 U.S. LCD ranking though the third quarter of 2009*, and had twice the Q3 shipment volume of Sony in the U.S. VIZIO now has more than 13 million U.S. households who own VIZIO HDTVs. They have recently been named one of Advertising Age's Hottest Brands.
"What I love about VIZIO is how committed they have been to customers and their focus on delivering tremendous performance at a great value," said Knowles - Carter. "As a performer, I can relate to that, because my fans spend their hard-earned money to see me perform, and I give everything I can to make sure I exceed their expectations. I'm excited to be associated with such a successful company."
VIZIO, Inc., "Where Vision Meets Value," headquartered in Irvine, California, is America's HDTV and Consumer Electronics Company. In 2007, VIZIO skyrocketed to the top by becoming the #1 selling brand of flat panel HDTVs in North America and became the first American brand in over a decade to lead major categories in U.S. TV sales. Since 2007 VIZIO HDTV shipments remain in the TOP ranks in the U.S. and were again #1 in Q1, 2009 with over 20% market share. VIZIO is committed to bringing feature-rich flat panel televisions to market at a value through practical innovation. VIZIO offers a broad range of award winning LCD HDTVs including the new XVT series. VIZIO's products are found at Costco Wholesale, Sam's Club, Sears, Walmart, Target, BJ's Wholesale, and other retailers nationwide along with authorized online partners. VIZIO has won numerous awards including a #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics, Good Housekeeping's Best Big-Screens, CNET's Top 10 Holiday Gifts and PC World's Best Buy among others. For more information, please call 888-VIZIOCE or visit on the web at www.VIZIO.com.
The V, VIZIO, TruLED, Extreme VIZIO Technology XVT, VIZIO Internet Apps, 480Hz SPS, 240Hz SPS, Thin Line, Smooth Motion, Razor LED, Smart Dimming, Where Vision Meets Value names, phrase and symbols are trademarks or registered trademarks of VIZIO, Inc. All other trademarks may be the property of their respective holders.
*Source - iSuppli Corporation Q4 2009 U.S. TV Market Tracker
SOURCE VIZIO, Inc.