Thomas A. Edison, Inc. a long playing record in 1926 did not succeed. In 1928 the company finally moved into radio with the purchase of the Splitdorf Radio Corp. On 1 November 1929 Edison halted production of records apart from dictation records made by the Voicewriter division. In the late 1920s the "Edicraft" line of high-quality consumer appliances was developed at the laboratory and manufactured by Thomas A. Edison, Inc. Production of appliances was discontinued in 1934 due to lack of demand for luxury goods during the Great Depression. Max McGraw, founder and president of McGraw Electric, had always been an admirer of Thomas
Inventor (patent) created by the patent. The inventor may license a patent to another entity for an up-front fee, an ongoing royalty or other consideration. The inventor may also sell the patent outright. Henry Woodward, for example, sold his original US patent on the light bulb to Thomas Edison who then developed it into a commercially successful product. Inventors who are employees of a company generally sell or assign their patent rights to the company they work for. The extent to which they are compensated will vary from jurisdiction to jurisdiction and may depend upon any prior employment agreements that are in