Jump to content

Craig Electronics: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Tags: Reverted Visual edit
 
(16 intermediate revisions by 14 users not shown)
Line 1: Line 1:
{{Short description|American consumer electronics company}}
{{Short description|American consumer electronics company}}
{{pp-pc}}
{{Infobox company
{{Infobox company
| name = Craig Electronics
| name = Craig Electronics
| logo = Craig Electronics Logo.png
| logo = Craig Electronics logo.svg
| type = [[Privately held company|Private]]
| type = [[Privately held company|Private]]
| defunct =
| defunct =
| key_people = Michael L. Newman <br /> [[President (corporate title)|President]]
| key_people = Michael L. Newman, [[President (corporate title)|President]]<br/>[[Joel Newman]], [[Founder CEO|Founder]]
[[Joel Newman]] <br />[[Founder CEO|Founder]]<ref>https://www.bizjournals.com/southflorida/news/2021/06/07/sunny-isles-beach-condo-sells-at-a-discount.html {{Bare URL inline|date=December 2021}}</ref>
| industry = [[Consumer Electronics]]<br />[[Vehicle audio]]
| industry = [[Consumer Electronics]]<br />[[Vehicle audio]]
| parent =
| parent =
Line 21: Line 19:


In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including [[MP3 player]]s, [[netbook]]s, and [[Loudspeaker|speakers]].<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23108660|title=Bloomberg - Company Overview of Craig Electronics Inc.|website=Bloomberg.com|access-date=15 December 2018}}</ref> Craig also has a [[brand licensing]] deal to sell certain consumer goods under the [[Magnavox]] brand.<ref>{{cite web|url=https://www.licensing.org/inside-licensing/at-ces-licensing-stretches-brands-in-new-directions/|title=At CES, Licensing Stretches Brands in New Directions|website=Licensing.org|access-date=15 December 2018}}</ref> In 2013, Craig Electronics, along with Curtis International and [[ViewSonic]] were sued for [[patent infringement]] by [[MPEG LA]].<ref>{{cite web|url=https://www.businesswire.com/news/home/20130801006617/en/Craig-Electronics-Curtis-International-ViewSonic-Sued-MPEG-2|title=Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement|date=1 August 2013|website=Businesswire.com|access-date=15 December 2018}}</ref>
In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including [[MP3 player]]s, [[netbook]]s, and [[Loudspeaker|speakers]].<ref>{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23108660|title=Bloomberg - Company Overview of Craig Electronics Inc.|website=Bloomberg.com|access-date=15 December 2018}}</ref> Craig also has a [[brand licensing]] deal to sell certain consumer goods under the [[Magnavox]] brand.<ref>{{cite web|url=https://www.licensing.org/inside-licensing/at-ces-licensing-stretches-brands-in-new-directions/|title=At CES, Licensing Stretches Brands in New Directions|website=Licensing.org|access-date=15 December 2018}}</ref> In 2013, Craig Electronics, along with Curtis International and [[ViewSonic]] were sued for [[patent infringement]] by [[MPEG LA]].<ref>{{cite web|url=https://www.businesswire.com/news/home/20130801006617/en/Craig-Electronics-Curtis-International-ViewSonic-Sued-MPEG-2|title=Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement|date=1 August 2013|website=Businesswire.com|access-date=15 December 2018}}</ref>

In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.<ref>{{Cite book |last=United States Securities and Exchange Commission |title=SEC Docket: A Weekly Compilation of Releases from the Securities and Exchange Commission |publisher=The Commission |year=2003 |pages=370 |language=English}}</ref>

In 2015, Craig Electronics and Curtis International were sued by [[Seoul Semiconductor|Seoul Semiconductors]] for patent infringement.<ref>{{Cite web |date=2015-12-09 |title=Seoul Semiconductor Wins Patent Suits with American, Japanese Companies |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=13245 |access-date=2022-05-18 |website=Businesskorea |language=ko}}</ref><ref>{{Cite web |last=박한나 |date=2016-09-11 |title=Seoul Semiconductor sues Kmart for patent infringement |url=http://www.koreaherald.com/view.php?ud=20160911000251 |access-date=2022-05-18 |website=The Korea Herald |language=en}}</ref>


In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.<ref>{{Cite web|last=Management|first=Nova Capital|title=Nova Capital Management Acquires Craig Electronics|url=https://www.prnewswire.com/news-releases/nova-capital-management-acquires-craig-electronics-300932927.html|access-date=2021-08-18|website=www.prnewswire.com|language=en}}</ref>
In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.<ref>{{Cite web|last=Management|first=Nova Capital|title=Nova Capital Management Acquires Craig Electronics|url=https://www.prnewswire.com/news-releases/nova-capital-management-acquires-craig-electronics-300932927.html|access-date=2021-08-18|website=www.prnewswire.com|language=en}}</ref>


In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund. <ref>{{Cite web|last=Management|first=Newtech Holding |title= NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND|url=https://www.prnewswire.com/news-releases/newtech-holdings-acquires-craig-electronics-from-nova-wildcat-fund-301686157.html|website=www.prnewswire.com|language=en}}</ref>


The company became an inside joke among DankPods viewers when the YouTuber started to unbox their older devices, usually [[iPod]] knockoffs.


<gallery>
<gallery>
File:A Craig audio system, 1960s.jpg|A Craig audio system, 1960s
File:A Craig audio system, 1960s.jpg|A Craig audio system, 1970s
File:Craig Netbook.jpg|Craig [[netbook]] running [[Android Ice Cream Sandwich|Android 4.0]]
File:Craig Netbook.jpg|Craig [[netbook]] running [[Android Ice Cream Sandwich|Android 4.0]]
</gallery>
</gallery>
Line 41: Line 43:


[[Category:American companies established in 1963]]
[[Category:American companies established in 1963]]
[[Category:History of radio]]
[[Category:History of radio in the United States]]
[[Category:Electronics companies of the United States]]
[[Category:Electronics companies of the United States]]
[[Category:Consumer electronics brands]]
[[Category:Consumer electronics brands]]
[[Category:Companies based in Miami]]
[[Category:Companies based in Miami]]
[[Category:Manufacturing companies established in 1963]]
[[Category:Manufacturing companies established in 1963]]
[[Category:Radio manufacturers]]




Latest revision as of 04:54, 7 March 2024

Craig Electronics
Company typePrivate
IndustryConsumer Electronics
Vehicle audio
Founded1963; 61 years ago (1963)
HeadquartersMiami, Florida, U.S.
Key people
Michael L. Newman, President
Joel Newman, Founder
Websitecraigelectronics.com

Craig Electronics is an American brand that specializes in consumer electronics, primarily sold at pharmacies, big-box stores and through online retailers.[1]

History

[edit]

Craig Electronics was founded in 1963 as a manufacturer of home and car stereos. The company had many celebrity sponsorships for stereo systems, which included The Beach Boys, Ray Charles, Ringo Starr, and Emerson, Lake & Palmer.[2]

In 2001, the company was re-established as a manufacturer of low-cost consumer electronics, including MP3 players, netbooks, and speakers.[3] Craig also has a brand licensing deal to sell certain consumer goods under the Magnavox brand.[4] In 2013, Craig Electronics, along with Curtis International and ViewSonic were sued for patent infringement by MPEG LA.[5]

In 2003, the company's then-president, CEO, and chairman, Richard I. Berger, was found guilty of fraud.[6]

In 2015, Craig Electronics and Curtis International were sued by Seoul Semiconductors for patent infringement.[7][8]

In 2019, Craig Electronics was acquired by Nova Capital Management, and along with Shur-Line, Bulldog, and World and Main electronics, they now operate under H2 Brands group.[9]

In 2022, Craig Electronics was acquired by Newtech Holding from Nova Wildcat Fund. [10]



References

[edit]
  1. ^ "So you're back from CES. Was it worth it?". Fortune.com. Retrieved 15 December 2018.
  2. ^ "Our History". Craig Electronics. Archived from the original on 2020-06-22. Retrieved 15 December 2018.
  3. ^ "Bloomberg - Company Overview of Craig Electronics Inc". Bloomberg.com. Retrieved 15 December 2018.
  4. ^ "At CES, Licensing Stretches Brands in New Directions". Licensing.org. Retrieved 15 December 2018.
  5. ^ "Craig Electronics, Curtis International and ViewSonic Sued for MPEG-2 Patent Infringement". Businesswire.com. 1 August 2013. Retrieved 15 December 2018.
  6. ^ United States Securities and Exchange Commission (2003). SEC Docket: A Weekly Compilation of Releases from the Securities and Exchange Commission. The Commission. p. 370.
  7. ^ "Seoul Semiconductor Wins Patent Suits with American, Japanese Companies". Businesskorea (in Korean). 2015-12-09. Retrieved 2022-05-18.
  8. ^ 박한나 (2016-09-11). "Seoul Semiconductor sues Kmart for patent infringement". The Korea Herald. Retrieved 2022-05-18.
  9. ^ Management, Nova Capital. "Nova Capital Management Acquires Craig Electronics". www.prnewswire.com. Retrieved 2021-08-18.
  10. ^ Management, Newtech Holding. "NEWTECH HOLDINGS ACQUIRES CRAIG ELECTRONICS FROM NOVA WILDCAT FUND". www.prnewswire.com.
[edit]


Stub icon

This corporation or company article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Craig_Electronics&oldid=1212307608"