Thomson Google TVs, media boxes and sticks are affected as the company behind the brand has gone bankrupt with 36.6 million Euro in debt.
The company in question is Austria-based StreamView GmbH, which has been responsible for the Thomson brand for several years and has achieved considerable success during that period.
It sold Google TV sets up to 100 inches, including some with miniLED technology, as well as media boxes and streaming sticks. Just weeks ago, Thomson launched an upgraded 'Chromecast'.
StreamView was previously responsbile for Nokia TV and media boxes.
Thomson offered both low-cost TVs and higher-end miniLED models. Photo: FlatpanelsHDStreamView bankruptcy
Now it is over. On April 14, StreamView filed for bankruptcy at the court in Vienna, Austria, with debts of €36.6 million.
The company cites three main reasons for the bankruptcy: rising costs, trade barriers, and issues with a partner in China. This suggests StreamView has been caught in the pressures of trade tensions and rising component prices.
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The company stated that it will not submit a restructuring plan, meaning it will not attempt to save the business.
Could re-emerge in another form
Thomson was founded in France in 1893, but today the brand is owned by US-based Established Inc. which has issued the following statement:
- "StreamView GmbH, Thomson's partner for televisions in Europe, has announced that it has filed for insolvency. Established, owner of the Thomson brand, would like to reassure Streamview's end-consumers that all efforts are being made to ensure continuity of after-sale services and client satisfaction while the group is identifying a new trusted partner for Europe.."
- "Established reaffirms its commitment to the Thomson brand, which enjoys strong recognition and trust from both its retail partners and valued customers across Europe."
