- Feb 22, 2007
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I usually keep up on the re-branding stuff but missed this somehow. My brother bought one of those cheap bluray players from walmart on black friday, a Magnavox NB500MG1. He needed a firmware update so I started looking for it then came across the info that Magnavox and Philips have sold off the brand name to funai. If you are not familiar with funai they are about as low end in quality as possible, right next to durabrand. Surprised Philips would take this route , but I guess the brand just couldn't keep up with the bigger names.
There is no firmware update for his player so he is SOL with some of the newer movies that require it.
http://www.funai.us/topics/2008/080409.html
There is no firmware update for his player so he is SOL with some of the newer movies that require it.
http://www.funai.us/topics/2008/080409.html
Funai Electric Co., Ltd. (TSE/OSE 6839) today announced to enter into a brand licensing agreement in perspective with Royal Philips (AEXHI, NYSE
HG)under which Funai will assume responsibility for the sourcing, distribution, marketing and sales activities of Philips consumer television business in the United States and Canada. The five-year minimum agreement takes effect September 1, 2008 and stipulates Funai will pay royalty payments in exchange for Funais right to exclusively use the Philips and Magnavox brand names for the TV offering in North America during this period. Completion of this intended agreement is subject to any mandatory governmental regulatory approvals.