http://techcrunch.com/2014/04/15/fon-launches-gramofon-a-router-with-facebook-and-spotify-built-in/
"How does it work?
You connect your Gramofon to the sound system or speakers of your choice. Then connect it to the Internet via ethernet or on your current WiFi. Then you connect any Android or iOS phone to the Gramofon’s WiFi signal and plug in any speaker. Thus, yo can now stream Spotify or listen to the Gramofon free radio service powered by WahWah."
...
"If you’re early you’ll get it in white at $30, or for $40 in black. The remaining units will be offered for $50 and $60 respectively. Other “perks” include getting invited to Gramofon “listening parties around the world”, some of which may feature Varsavsky and celebrities (but you’ll pay around $1,000 for those)."
...
"A crucial point of the Gramofon is to “cloud enable” your existing sound system. Given that it can connect to music speakers via 3.5mm audio or RCA output, you could say this is a sort of ‘Apple TV for your sound system’.
It means of course that those great speakers you have from an old Hi-Fi system don’t need to be replaced by Bluetooth or wireless speakers after all."