Austria-based StreamView has filed for bankruptcy in Vienna.

Reportedly, StreamView has debts of some €36.6 million and is exposed to supply chain problems with its Chinese manufacturers. There are reports of unpaid sums to those manufacturers. The company cites three main reasons for the bankruptcy: rising costs, trade barriers and issues with a partner in China.

There are now anxieties that existing owners of TV sets with the above brand names will no longer get support in the event of upgrades and repairs.

US-based Established issued a statement, noting: “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.”

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Categories: Articles, Business

Tags: austria, bankruptcy, google, streaming, Thomson