Teddy Hwang

LG Electronics USA said Monday that it Jay Vandenbree, formerly of Sony, has joined the company as senior vice president for go-to-market operations.

In his keynote address at the LG Summer Line Show in New York, LG Electronics president Teddy Hwang said strategic investments and cost efficiencies have helped the company

LG Electronics has consolidated its home appliance and consumer electronics businesses in the U.S. as a way to better capitalize its brand name, according to the company.

LG and Netflix had already gotten together on a Blu-ray player that made instant streaming of movies possible. Now, it's cutting the player out of the equation.

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