Philips moves audio/video license to TV licensee

Philips has extended its license with TPV, licensee for TV and monitors.. The additional category is audio and video, as reported here.

The license started on June 1, 2018 and runs until December 31, 2023, with renewal options.

Previously, the license has been with Gibson Innovation. The parent, Gibson Brands, filed for Chapter 11. Thus, Philips explored other options.

Hisense buys Toshiba TV business

After it acquired the German Loewe TV brand a while ago, Hisense will purchase the Toshiba TV production, R&D and operation service.

Hisense will purchase 95% of Toshiba Visual Solutions Corporation, a wholly owned subsidiary of Toshiba Corporation, with Toshiba retaining 5%.

The purchase price is 12.9 billion Japanese Yen.

Along with the businesses Hisense will obtain a license to the Toshiba brand for a period of 40 years.

Brand revival at IFA

At IFA 2017 the German electronics brand Nordmende had revival.

Founded in 1923 in Dresden, Nordmende was a pioneer in broadcasting. After WWII it produced radios, TVs, tape recorders and record players in Germany. The brand is owned by Technicolor S.A today.

Now Nordmende had its revival via license. The licensee is TechniSat, the territory includes Germany, Austria, Switzerland and Poland.

Sharp licenses TVs too

Like many electronics manufacturers before, Sharp is turning to a licensing model.

As reported, it sold its Mexico television factory to Chinese electronics manufacturer Hisense for $23.7 million. Hisense now holds a license to use the Sharp brand name in North and South America, except Brazil.

Prior, Sharp sold its audio and video business in Europe to Universal Media Corporation of Slovakia, which included the manufacturing base in Poland for LCD televisions.

And Turkish company Vestel has received a license to use the Sharp brand to make and sell appliances in Europe.

Bang & Olufsen sells and licenses automotive

Bang & Olufsen has completed the previously announced transaction with Harman International Industries, Incorporated and its affiliates.

The automotive assets are transferred and the brand Bang & Olufsen is licensed to HARMAN.

Bang & Olufsen expects to receive approximately DKK 1,130 million in net proceeds from the transaction after tax and transaction costs including DKK 93.1 million of cash placed in escrow for 15 months to secure any warranty related claims.

Going forward, Bang & Olufsen is guaranteed an annual minimum license fee of DKK 12.7 million for a 20 year period starting 2017/18. The future variable license fee will be subject to the corporate tax rate at the time of their respective receipt.