StreamView, also known for Thomson and Nokia TVs, goes bankrupt
Austrian StreamView GmbH, known especially as a manufacturer and distributor of Thomson-branded televisions and streaming devices, has filed for bankruptcy.
According to the bankruptcy application filed in Vienna, the company has debts of approximately 36.6 million euros.
StreamView has become known to Finns especially for its earlier role as the force behind Nokia-branded televisions and media devices, but recently the company has focused on Thomson products, which are widely available across Europe.
StreamView has been responsible for Thomson-branded products in Europe for several years and recently released new Google TV devices, including an updated version of its streaming device.
As reasons for the bankruptcy, the company states the general rise in cost levels, trade barriers, and difficulties with its Chinese partner. The company has announced that it does not intend to submit a restructuring plan, which means it will be simply ending its business operations.
However, the American company Established Inc., which owns the Thomson brand, has sought to reassure the markets. According to the brand owner, it will do everything possible to ensure the continuity of services and support for consumers while it seeks a new partner for the manufacturing and distribution of Thomson devices in Europe.

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