Nortek Calls Off Discussions with United Technologies

Nortek LogoNortek, Inc. announced late Thursday that it has called off talks with an unnamed party who had tendered an unsolicited offer. According to the Wall Street Journal and as we had previously reported, that suitor was United Technologies. Nortek stock closed Friday at $63.97/share or off 3.8%,  on a day when the Dow was up .2%.

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Powerful New Dolby Atmos AV Receivers from AudioControl

AudioControl LogoSeattle, WA-based AudioControl announced Wednesday that it is launching two all-new AV receivers in their Concert AVR line featuring Dolby Atmos surround technology and 7-channels of high-current, high-power amplification. These new models, the AVR-9 and AVR-7, are expected to ship sometime in fourth quarter of 2015.

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Tons of Turmoil at Thiel; Is There Yet Another New CEO?

New Thiel logo black backgroundTipped off by a source, we have learned that the turmoil at Thiel Audio continues, as yet another wave of executives have arrived and departed – leaving the company ostensibly leaderless and seemingly adrift in the market. The revolving executive door at Thiel seems to be an annual event as we await news on yet another team to jump in the saddle…or into the fire, depending on your perspective.

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Bluesound Scores Deal for National Placement in Magnolia Design Centers


Bluesound logo and markBluesound, a division of Lenbrook America, has cut a deal with Best Buy that will result in a national roll-out of the company’s line of high-quality digital multi-room music systems through Best Buy’s Magnolia Design Center locations. The agreement will begin to take effect later this month in a phased introduction into the first 25 locations.

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Ex-Krell President McKiegan Moves to Dan D’Agostino Master Audio Systems


D'Agostino logoWithin hours of our BREAKING NEWS report on Bill McKiegan leaving Krell Industries this morning, we received a press release from Dan D’Agostino Master Audio Systems announcing his arrival there. McKiegan rejoins the D’Agostino’s – who are the original founders of Krell – taking the position of President in their post-Krell company, effective immediately.

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Dolby Labs Opens New Headquarters Building ‘Where Art Meets Science’

Dolby Labs logoDolby Laboratories announced the opening of their new headquarters facility in San Francisco at 1275 Market Street at a dedication ceremony on Wednesday that included CEO Kevin Yeaman and mayor Edwin Lee. The company says the facility, which is located in a part of San Francisco known as the Mid-Market District, is “a working lab, a vertical village, and a place where art meets science in inspiring ways.”

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Krell Industries President is Out; No Word Yet on Replacement


Photo of Bill McKieganKrell dealers received an unexpected and, to many of them, shocking email from Krell Industries President Bill McKiegan, who announced that Wednesday was his last day at the high-end audio manufacturer. The email (reproduced below), was short on details and gave little more than a list of contacts at the company with whom dealers should consult on any future issues.

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Needing Cash, Sharp Sells its Osaka Headquarters Building

Photo of woman walking past Sharp signTroubled Japanese electronics manufacturer Sharp Corp. announced today that it will sell its headquarters building in Osaka, as well as an additional associated building, and the land they both stand on, in a bid to raise cash. The company says it sold the properties for ¥18.8 billion ($156.8 million) which will allow them to book a special gain of ¥14.8 billion in profit from the deal in their fiscal fourth quarter, the period ending March 2016.

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Reminder: Memorial Service for Len Schneider This Weekend

Photo of Len Schneider

We wanted to post one last reminder that a memorial service for our friend Len Schneider is being held this Saturday, October 3rd at the Rutherford Congregational Church in Rutherford, NJ. Calling it a “Celebration of the Life of Len Schneider,” the family invites one and all to attend this memorial.

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Taking Integration to a Whole New Level; Millson to Launch CinemaFrame at CEDIA Expo

Strata-gee EXCLUSIVE

CinemaFrame photoWell-respected custom integrator Richard Millson, founder of Vancouver, BC-based Millson Technologies, has some 25-years of experience in high-end residential AV and automation systems installation. Many of these installations were in luxury high-rise condominium developments, trendy boutique hotels, and high-end homes. After literally tens of thousands of installations, Millson knew well the gaping holes in the market that manufacturers simply weren’t addressing.

So Richard created a new company, Millson Custom Solutions, to address these gaps. And the first product from MCS, four years in the making, is CinemaFrame – an amazing in-wall high-performance home theater solution.

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