For many, many years the Consumer Electronics Show (CES) – an exposition hosted by the Consumer Technology Association (CTA) – was a huge part of the technology industry. In many ways, it was virtually the embodiment of tech – you HAD to go there to discover the latest products that were being shown to buyers so they could get their orders placed in time for the prime selling season starting in the fall of that year.
Universal Remote Control, Inc. (URC) has had a round of layoffs heading into the holidays. Taking place last week, the remote control giant has made cuts to its team that represent approximately 6% of their total workforce.
Learn more about the cuts at URC…[Read more…] about URC Cuts Staff as It Realigns Its Sales Efforts
You knew they were big, but you didn’t know just how big streaming innovator (and leader) Netflix really was…until now. In a bid to prove to investors they have what it takes to stave off a whole new class of streaming competitors, Netflix released some detailed numbers on their global subscription base that has Wall Street really buzzing.
See what Netflix has revealed to investors…[Read more…] about In a Surprise Reveal, Netflix Shows Investors Its Huge Advantage Over New Streaming Competitors
For a few weeks now, I’ve been chasing a rumor that both sides of the failed Sound United acquisition of Onkyo’s branded A/V business were in the throes of a major reorganization. The rumors, it seems, were true – starting with Onkyo’s announced reorganization last week…and now word that Sound United is also implementing changes to its management structure.
See what changes Sound United is making…[Read more…] about Last Week Onkyo, Now Sound United Reorganizes in Wake of Failed Acquisition Deal
AudioControl and Josh.ai announced last week that they were partnering with an integration that will allow integrators to offer their clients a better voice-enabled home entertainment control experience. A perfect blend of the high-quality electronics from AudioControl, coupled with the natural language and privacy protecting voice automation technology of Josh.ai, means clients can simply say their commands to their system and have their system respond in new powerful ways.
See more on this new AudioControl and Josh.ai integration…[Read more…] about No Josh-ing, AudioControl & Josh.ai Partner for a Better User and Integrator Experience
Tech Data, one of the largest technology distributors in the U.S. and globally, has been acquired by Apollo Global Management, a private equity powerhouse, in a deal valued at $5.4 billion. The deal announced today, is expected to close by mid-2020.
Read more on this mega-deal with Tech Data[Read more…] about Private Equity Giant Apollo Global Management Acquires Tech Data in $5.4B Buyout
Origin Acoustics announced this week that it has promoted current Sales VP Marc Fisher to the unusual title of President of Sales. The company also the appointment of John Marchionda as Chief Marketing Officer (CMO).
See more on the Origin personnel moves…[Read more…] about Origin Acoustics Announces an Executive Promotion and Appoints a New CMO
Control4 announced today the launch of the Neeo Remote for Control4, the first product from their acquisition of the Swiss company Neeo back in February 2019. This new Neeo remote control is optimized to work seamlessly with Control4’s OS 3 operating system, offering another elegant system control interface.
See more on the new Neeo remote control…[Read more…] about Control4 Launches 1st Product of Neeo Acquisition – A Slim Handheld Remote Control for OS3
BREAKING NEWS Acquired by Sound United Two Years Ago, Then Gone
It was January 2018 when I reported that Sound United had completed its acquisition of Classé, an acquisition which had been first announced in December of 2017. In the weeks leading up to that December, former owner Bowers & Wilkins was considering getting out of the electronics business…maybe. After months of confusion, where on any day executives at Classé teetered back-and-forth between survival and demise – it now seemed that Sound United had thrown them a lifeline…a chance to live to fight another day.
And then they dropped out of sight for the last two years…
What happened to Classé?…[Read more…] about The Curious Case of the Disappearance of Classé
LG Electronics Inc. is on a roll, as evidenced by their fiscal third quarter results. The company says it has set an all-time record for third quarter revenues while at the same time booking their best quarterly profit in a decade.