Article

Read

TC Unterhaltungselektronik

from Wikipedia, the free encyclopedia
TC Unterhaltungselektronik Aktiengesellschaft[1]
Legal form Incorporated
ISIN DE0007454209
Foundation 3. June 1998[2]
Seat Koblenz,[3] GermanyDeutschland Germany
Management
  • Petra Bauersachs,[4] Chairwoman of the Board
  • Thomas Nachtigahl,[4] Chairman of the Supervisory Board
Number of employees 6 (without line)[5]
Sales 0.704 million euros (2018)[5]
Industry Consumer electronics
Website telecontrol.com
Status: 31 December 2018

TC Unterhaltungselektronik AG (abbreviated as TCU AG) is a German consumer electronics company based in Koblenz, Germany. Its core business is the development, production and marketing of television add-on devices for the external control of audio and video equipment. The company’s shares are traded in the General Standard and are included in the CDAX.[6]

History

The company was founded on June 3, 1998, with headquarters in Koblenz, Germany, to distribute TV and media systems that can suppress TV advertising on both television and videotape.[7] In October 2000, the company went public on the regulated market of the Frankfurt Stock Exchange.[8] The proceeds from the IPO were to be used to finance an advertising campaign to market a TV ad blocker. The boxes, called “Fernsehfee” (TV Fairy), were to cost 399 euros each and automatically switch to another program when commercials were shown.[8] In April 2013, TCU launched “Fernsehfee 2.0”, another live TV adblocker, this time based on Android in the form of a satellite receiver.[9] RTL Television GmbH accused TCU of copyright infringements due to its collaboration with an online recorder provider in 2018.[10] As a result, TCU had to suspend business operations in November 2018 due to a search of its business premises by the Koblenz public prosecutor’s office.

Criticism

In 2002, TCU was accused of various violations of corporate law standards. For example, annual reports were not submitted to the shareholders, the general meeting was not convened properly, and a shareholder’s own notes were snatched from him at the general meeting.[11] The Management Board publicly declared “misinterpretation of the Stock Corporation Act”. The company was also accused of accounting errors.[11] For example, claims for damages from lawsuits that have not yet been decided are said to have already been capitalized in full in the balance sheet.

In 2006, TCU was accused by auditors of several inaccuracies or violations of the Commercial Code.[12] For example, the annual general meeting for 2004 had not been convened in time and not all submission and information obligations had been complied with. Because of these omissions, the auditor’s certificate for 2004 was refused.[12] The Management Board denied the allegations or held the auditors responsible.

Web links

Individual references

  1. Commercial register extract of TC Unterhaltungselektronik Aktiengesellschaft from Koblenz (HRB 5491).In:www.online-handelsregister.de. Retrieved November 7, 2019.
  2. TC Unterhaltungselektronik AG, Koblenz.In:www.northdata.de. Retrieved November 7, 2019.
  3. TC Unterhaltungselektronik AG, Koblenz – Company information.In:www.firmenwissen.de. Retrieved November 7, 2019.
  4. a b Sections of the Management Board and Supervisory Board on the company website.In: telecontrol.com. Retrieved November 7, 2019.
  5. a b Annual Report 2018.(pdf) In: telecontrol.com. Retrieved November 7, 2019.
  6. Stock information: TC Unterhaltungselektronik AG.In:www.boerse-frankfurt.de. Retrieved on November 7, 2019.
  7. GoingPublic Editorial:TC Unterhaltungselektronik AG – Magic for your depot -.In: GoingPublic.com. September 14, 2000, accessed November 7, 2019.
  8. a b FOCUS Online:An expensive advertising killer.September 21, 2000, accessed November 7, 2019.
  9. Jens Ihlenfeld:Ad blocker: Fernsehfee 2.0 comes with Android.In:www.golem.de. January 7, 2013, accessed November 7, 2019.
  10. PTA-Adhoc: TCU AG: Business operations of the company interrupted due to search warrant.In:www.finanznachrichten.de. November 8, 2018, accessed November 8, 2019.
  11. a b GoingPublic Editorial:TC Consumer Electronics – Bizarre Practices -.In: GoingPublic.com. September 9, 2002, accessed November 8, 2019.
  12. a b DGAP-Adhoc: TC Unterhaltungselektronik AG: Auditor’s opinion for 2004 is denied.In:www.finanznachrichten.de. October 2, 2006, accessed November 8, 2019.