We seem to be in a week of big deals. First, we learned that SnapAV had acquired Control4, then we learned that the original founder of Paradigm has acquired back the Paradigm, Anthem, and Martin Logan brands from the private equity company that had bought the company from him some time back. Now we learn that Sound United, owner of Denon, Marantz, Polk Audio, Definitive Technology, HEOS, Classé, and Boston Acoustics has entered into an agreement with Onkyo Corp. to purchase Onkyo’s premier lineup of brands, including: Onkyo, Integra, Pioneer and Pioneer Elite.
Archives for May 2019
SnapAV Snaps Up Control4 in Deal Valued at $680M
The world exploded this morning with the news that SnapAV and Control4 are merging their operations in a transaction that no one saw coming. Although publicized as a merger, actually SnapAV is acquiring Control4, agreeing to pay $23.91/share in a deal that is worth a total of about $680 million.
See how SnapAV’s acquisition of Control4 is reshaping the industry…
[Read more…] about SnapAV Snaps Up Control4 in Deal Valued at $680MControl4 Issues Advisory on ‘Works With Nest’ Shutdown
Control4 has issued an advisory this week to reassure integrators and their clients that the company will support the ‘Works With Google Assistant’ program and is working on new Nest drivers consistent with Google’s Certification standards to avoid issues related to the recently announced shutting down of the ‘Works With Nest’ program.
See how Control4 is springing into action…
[Read more…] about Control4 Issues Advisory on ‘Works With Nest’ Shutdown8 Years Later, Lenbrook Returns to Independent Reps
From Independent…to Direct…to ‘Hybrid’
It was clearly one of the most explosive stories I wrote back in May 2011 generating tons of email and phone calls in response. The topic? Lenbrook, darling of the specialty A/V channel that for decades had been selling specialty products through specialty reps to specialty dealers – had decided to terminate their entire network of independent specialty sales representatives. Dean Miller, who had just joined the organization, would go on to construct a dedicated full-time staff of salespeople that would represent only NAD and PSB products.
Now, almost exactly eight years later, Lenbrook has decided to return to utilizing independent sales representatives in their sales network. But why?
See why Lenbrook is going back to reps…
[Read more…] about 8 Years Later, Lenbrook Returns to Independent RepsEmerald Expo Releases Q1 Results with Head-Scratching Statements
Does Good Spin Offset Bad Numbers?
Emerald Expositions Events, Inc. (NYSE:EEX), a leading provider of trade shows and events and the current owner of CEDIA Expo, announced their financial results today for the first fiscal quarter of 2019. And while this tends to be a rather mundane or even robotic process, there were a few things unique about this report from Emerald – most notably their head-scratching comments that dramatically contrasted with the numbers.
See Emerald’s results & comments…
[Read more…] about Emerald Expo Releases Q1 Results with Head-Scratching StatementsCEDIA Hires Senior Director of Sales, Sponsorships & Partnerships
CEDIA announced on Wednesday that it has hired Robert Keeler to join the organization as its new Senior Director of Sales, Sponsorships, and Partnerships. Keeler is ex- a lot of well-known companies in this industry and he takes on a primary sales responsibility at the trade association.
Learn more about Keeler at CEDIA…
[Read more…] about CEDIA Hires Senior Director of Sales, Sponsorships & PartnershipsLG’s Fiscal 2019 Q1 Revenues & Income Decline
Overall Results Decline, But Company Hails Record Results in Home Appliances
LG Electronics Inc., a leading manufacturer in a diverse range of businesses, announced their fiscal 2019 first quarter results this week. With consolidated sales of KRW (Korean won) 14.92 trillion ($13.27 billion) and an operating profit of KRW 900.6 billion ($801.25 million), the company showed respectable numbers, but those results that represented a decline for the quarter.