Matsushita was the then-parent company of Panasonic and is now known by that name , also the majority stockholder of JVC until 1988 .
In 1969 JVC collaborated with Sony Corporation and Matsushita Electric ( Matsushita was then parent company of Panasonic and is now known by that name , also majority stockholder of JVC until 2008 ) in building a video recording standard for the Japanese consumer .
VHS