The manufacturer, famed for its high standards of design, is running the review from its Denmark headquarters in a bid to streamline its agency arrangements. It has already started approaching networks about pitching for the business.
Bang & Olufsen's £2 million UK media spend is handled by Carat. The bulk of it has supported its Beovision television range and its Beocenter hi-fi collection. Creative is handled locally out of Denmark and is not thought to be affected by the media review.
Founded in 1925, Bang & Olufsen has evolved a system of selling through its own branded stores rather than through retailers. It has also entered the mobile phone market through a joint venture with Samsung.
Bang & Olufsen has been a pioneer in the field of advertiser-funded programming, placing its BeoCom 2 cordless phones in Donald Trump's The Apprentice, and negotiating similar deals for products to appear in Hollywood films including Thunderbirds and Charlie's Angels.
Graeme Taylor, Bang & Olufsen's director of marketing, was not available for comment.