![]() ![]() Jensen and Pridham founded the Commercial Wireless and Development Company in Napa, CA in 1911, moving to San Francisco, and then Oakland in 1916. Magnavox brand name products are currently made by Funai under license from trademark owner Philips. In April 2016, the International Court of Arbitration ruled in favour of Philips, awarding compensation of €135 million in the process. Philips said it would seek damages for breach of contract in the US$200-million sale. The purchase agreement was terminated by Philips in October because of breach of contract and the consumer electronics operations remain under Philips. As part of the transaction, Funai was to pay a regular licensing fee to Philips for the use of the Philips brand. On January 29, 2013, it was announced that Philips had agreed to sell its audio and video operations to the Japan-based Funai Electric for €150 million, with the audio business planned to transfer to Funai in the latter half of 2013, and the video business in 2017. Six decades later, Magnavox produced the Odyssey, the world's first home video game console. Jensen, co-inventors of the moving-coil loudspeaker at their lab in Napa, California, under United States Patent number 1,105,924 for telephone receivers. The predecessor to Magnavox was founded in 1911 by Edwin Pridham and Peter L. Magnavox ( Latin for "great voice", stylized as MAGNAVOX) is an American electronics company that since 1975 has been a subsidiary of the Dutch electronics corporation Philips. Vintage Magnavox logo on a vintage amplifier Please help update this article to reflect recent events or newly available information. ![]()
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