The Chinese consumer electronics giant TCL will start developing and manufacturing Blackberry-branded phones as part of a long-term licensing agreement. The agreement covers all global markets except for South-Asia and Indonesia where Blackberry already has existing licensing deals with other firms.
BlackBerry phones were once the undisputable choice among corporate customers. The company ultimately faced a similar fate as Nokia. Both firms relied on in-house developed operating systems (BlackBerry OS and Symbian) that were unable to compete with iOS and Android systems. Ironically, both BlackBerry and Nokia announced exclusive licensing deals this week: Nokia with HMD Global Oy (HMD) and Blackberry with TCL. Licensing the brand is a way for the once-mighty phone players to monetise their brand equity while at the same time reaching new customers.
What does the licensing deal entail?
The deal basically entails the entire phone business:- BlackBerry brand rights
- Logo
- BlackBerry’s renowned security suite and software