A parametric loudspeaker system is described which is based upon the FM-modulation of an ultrasound carrier. Known systems work with AM-modulation. The FM-modulation produces a good matching to the resonant transducer such as the conventionally employed piezo-ceramic transducers. The resonance slope of the transducers is used for FM/AM-conversion. This FM-resonance principle can advantageously be employed in a multi-path loudspeaker system, in which the transducer works in the optimal resonance range in each of the paths. With the conventional AM-modulation this is not possible. The FM-resonance principle can also be used in resonance-free or resonance-poor transducers, such as for example electrostatic transducers.