On June 25, 2009, Sharp Corporation agreed to form a joint venture on their optical business to be called Pioneer Digital Design and Manufacturing Corporation. In March 2010, Pioneer stopped producing televisions as announced on 12 February 2009. Most of Pioneer's shares are held by Mitsubishi. BMW, Volkswagen Group and Daimler AG of Germany jointly acquired a 3% ownership stake in Pioneer through a joint venture company called Here B.V.

The company works with optical disc and display technology and software products and is also a manufacturer. Pioneer played a role in the development of interactive cable TV, the LaserDisc player, the first automotive Compact Disc player, the first detachable face car stereo, Supertuner technology, DVD and DVD recording, the first AV receiver with Dolby Digital, plasma display (with the last 2 years of plasma models being branded as Kuro, lauded for their outstanding black levels) and Organic LED display (OLED). The company was founded by Nozomu Matsumoto on Januin Tokyo as a radio and speaker repair shop. Pioneer Corporation ( パイオニア株式会社, Paionia Kabushiki-gaisha) commonly referred to as Pioneer, is a Japanese multinational corporation based in Tokyo, that specializes in digital entertainment products.

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