This week Philips and Osram both announced their revenues for 2Q15. While both companies reported growth in the LED segment (Philips 21%, Osram , traditional lighting businesses have declined for both companies (Philips declined 16%, . Philips financial report also reflects a more pessimistic global economic outlook, with sales in China dropping. LED industry market trends are transforming from price wars to patent wars, according to Chinese media Money Weekly analyses. Among important industry acquistions, LED display manufacturer Ledman is spending EUR 25 million to acquire global leading sports media company Infront Sports and Media.