- Joined
- Sep 29, 2012
- Messages
- 323
- Karma
- 26
- Gear owned
- Tascam DM24
Since Gibson bought Tascam I'm following what's up.
Well-known guitar brand Gibson has bought Philips' audio and video department, even though its products will still be called Philips for now.
License agreement
Gibson paid 135 million dollars (100 million euro) for the Philips division, with a seven-year license agreement on top to keep using the Philips name for every product Gibson produces and sells. The amount it represents can grow depends on the amount of sales.
Because of license agreements with other parties, the video department (mainly Blu-Ray and dvd) will only be transferred in 2017 and the entire sale should be finalized in the second part of 2014.
We still don't know what's up. But Gibson has bought a lot of companies in the last two years. Something is up. And I'm quite sure we will soon know what's up!!
Well-known guitar brand Gibson has bought Philips' audio and video department, even though its products will still be called Philips for now.
License agreement
Gibson paid 135 million dollars (100 million euro) for the Philips division, with a seven-year license agreement on top to keep using the Philips name for every product Gibson produces and sells. The amount it represents can grow depends on the amount of sales.
Because of license agreements with other parties, the video department (mainly Blu-Ray and dvd) will only be transferred in 2017 and the entire sale should be finalized in the second part of 2014.
We still don't know what's up. But Gibson has bought a lot of companies in the last two years. Something is up. And I'm quite sure we will soon know what's up!!