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The RCA Corporation was a major American electronics company, which was founded as the Radio Corporation of America in 1919.It was initially a wholly owned subsidiary of General Electric (GE); however, in 1932 GE was required to divest its control as part of the settlement of an antitrust suit.A tentative plan made with General Electric proposed that over a two-year period the Marconi companies would purchase most of GE's alternator production. Young consented to this proposal, which, effective November 20, 1919, transformed American Marconi into the Radio Corporation of America.However, this proposal was met with disapproval, on national security grounds, by the U. Navy, which was concerned that this would guarantee British domination of international radio communication. The new company was promoted as being a patriotic gesture.In 1912 it took over the assets of the bankrupt United Wireless Telegraph Company, and from that point forward it had been the dominant radio communications company in the United States. government plan was to restore civilian ownership of the seized radio stations once the war ended, many Navy officials hoped to retain a monopoly on radio communication even after the war.With the entry of the United States into World War One in April 1917, most civilian radio stations were taken over by government, to be used for the war effort. Defying instructions to the contrary, the Navy began purchasing large numbers of stations outright.In the 1970s RCA began to falter, suffering major losses in the mainframe computer industry and other failed projects such as the CED videodisc.
Due to national security considerations, the Navy was particularly concerned about returning the high-powered international stations to American Marconi, since a majority of its stock was in foreign hands, and the British already largely controlled the international undersea cables.This leads to a rather strange occurrence of spots such as Florida becoming a thriving singles scene.Florida is best known for its high rate of retirees, not single, flirty men and women.In 1897, the Wireless Telegraph and Signal Company, Limited, was founded in London to promote the radio (then known as "wireless telegraphy") inventions of Guglielmo Marconi.As part of a worldwide expansion, in 1899 American Marconi was organized as a subsidiary company, holding the rights to the use the Marconi patents in the United States and Cuba.
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The RCA trademarks are currently owned by Sony Music Entertainment and Technicolor, which in turn license the brand name to other companies including Voxx International, Curtis International, and TCL Corporation for their various products.