Strategy in TECH...
Outerwall, Inc. (f/k/a Coinstar), owner of Redbox – the national video rental kiosk powerhouse – made several surprising announcements on Tuesday that suggest the company is dealing with some serious business issues. First, the company announced that Redbox division president, Anne Saunders, has left the company. And second, the company said that it would make significant cuts to its staff…and to other projects.
Spotify, the popular music sharing app, announced today that it will offer streamed music to smartphones for free (ad-supported), starting today. Spotify has long offered this capability on desktop computers for free (again supported by advertising), but had required a paid subscription (ad free) for mobile devices. Now…everything changes.
The company also announced that it has exclusively licensed the rights to stream music from rock icons Led Zeppelin…also starting today.
Clare Controls, a mid-level manufacturer of home automation products, announced on Tuesday that it has appointed the New York Marketing Team as its sales representative for the New York Metropolitan market. The appointment is effective immediately.
In an announcement earlier this month that could be characterized as counter-intuitive, Toshiba Corp. said it will stop manufacturing LCD televisions at its plant in Dalian, China by the end of December. The company says the move is aimed at helping improve profitability – even though most companies opened plants in China to take advantage of the lower labor costs to help their profitability.
Inspiration is wonderful when it happens, but the writer must develop an approach for the rest of the time… The wait is simply too long.
Leonard Bernstein
I am fundamentally an optimist. Whether that comes from nature or nurture, I cannot say. Part of being optimistic is keeping one’s head pointed toward the sun, one’s feet moving forward. There were many dark moments when my faith in humanity was sorely tested, but I would not and could not give myself up to despair. That way lays defeat and death.
I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.
No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite.
We first reported on the formation of a new distributor group called Catalyst AV almost exactly one-year ago in December 2012, just prior to their formal launch at the International Consumer Electronics show this past January. While the concept of a national association of regional distributors was not a new phenomenon – various groups started forming back in the mid- to late-1990s – this particular announcement had some added drama with several of the initial members unilaterally defecting from competitor DDG.
Yamaha Corp. announced on Tuesday a clock radio – something new from them – to help you wake up and smell the coffee…oh and enjoy great music while you’re drinking it! Part of their growing desktop audio solutions, this is a modern take on the traditional clock radio…including premium sound, Bluetooth streaming, and even app control.
