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JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year

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JVC Kenwood logoIn documents released today but dated November 6th, JVC Kenwood Corp. announced both their results for the first half of the current fiscal year (the period of April 1, 2013 to September 30, 2013) and a radically revised forecast for their entire fiscal year (ending March 2014). Both these documents combine to reveal a company undergoing a surprising change of fortunes with sales and profits declining dramatically as compared to the same period last year…and a downward revision to their annual forecast.

JVC Kenwood now says – in contravention to their last forecast in May – that they will lose money this year.

What has caused such a turnaround in JVC Kenwood’s fortunes? See more below…

[Read more…] about JVC Kenwood Dramatically Revises Fiscal Forecast – Now Says It Will Lose Money This Year

Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores

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Photo of Blockbuster video storeDish Network Corporation said today it will close all remaining Blockbuster video store locations and also dismantle the DVD-by-mail service by early-January 2014. According to the company, consumer demand is clearly for digital distribution of media and physical DVDs just don’t make sense anymore.

See more on this unexpected announcement… [Read more…] about Saying Demand is for Digital Distribution, Dish Drops Blockbuster Stores

Monster Launches a Shaq Attack; Sports Star to Help Market Monster Products

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Photo of Shaquille O'Neal with Monster Products

Monster Products Inc. announced today that it has cut a deal with basketball superstar Shaquille O’Neal to endorse and otherwise market select Monster-branded products. The company says that O’Neal will aid in the marketing of Monster products in multiple categories “from personal audio to headphones and beyond.”

See more on this new celebrity endorsement deal from Monster below… [Read more…] about Monster Launches a Shaq Attack; Sports Star to Help Market Monster Products

HTSA Announces Their Top Vendors for 2013

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HTSAlogoThe Home Technology Specialists of America (HTSA) on Tuesday announced their top vendor awards for 2013. These awards were handed out at their Fall 2013 dealer conference held last week and included a special Lifetime Achievement Award.

See who earned top honors from the national dealer group below… [Read more…] about HTSA Announces Their Top Vendors for 2013

Lenbrook Hopes This Line Will Make You Blue

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Photo of John Banks at press presentation
Bluesound’s John Banks makes a point

Lenbrook America held a media event last week in Manhattan where they announced the birth of a new brand of multi-room wireless (and wired) music streaming systems called Bluesound. Bluesound is designed to be positioned above brands like Sonos in terms of price and performance…but tuck underneath some of the higher-end solutions such as those offered by NAD and others. The company hopes to create a profitable step-up market for higher priced, better performing solutions in the digital domain – as once existed in the analog realm years back.

Is Bluesound the new holy grail of quality digital music systems? Or will it miss the mark?… [Read more…] about Lenbrook Hopes This Line Will Make You Blue

The Miracle of…Birth – The Birth of the Bluesound Brand

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Bluesound LogoLast week, I witnessed a miracle. The miracle was…a birth. It was a birth like no other, as every proud parent believes is the case with THEIR child. There was a proud Papa…and a large assembled family…brought together to celebrate the event.

This birth, like any birth, was wondrous. And…for the parents…this was an event full of hopes and dreams of what their “bundle of joy” will become. At this joyous event was a group of observers, like me. But not like me.

Was this birth – the birth of Bluesound – truly “miraculous”???… [Read more…] about The Miracle of…Birth – The Birth of the Bluesound Brand

Restructuring Causes Yet Another D+M Executive to Become Available

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D&M Group logoAs D+M Group (formerly D&M Holdings) continues to work on improving their efficiencies through restructuring and consolidation, well-known industry executive Stephen Shenefield leaves the company to pursue new opportunities. Shenefield originally joined the company to help with the re-invigoration of their Boston Acoustics brand, but went on to see his involvement expanded into related products under the Denon nameplate as well.

See more on this new development… [Read more…] about Restructuring Causes Yet Another D+M Executive to Become Available

Promising Newcomer AudioXperts Abruptly Ceases Operations

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BREAKING NEWSPhoto of Eli Harary of AudioXperts

After only a little more than one year in operation, AudioXperts – a new specialty brand of audio electronics targeted at the luxury consumer market – has closed down operations. According to AudioXperts President Eli Harary, the company was forced to shut down last Friday after a key investor stopped all funding.

See more details on this startling development from a new and innovative company… [Read more…] about Promising Newcomer AudioXperts Abruptly Ceases Operations

OEM Systems Appoints Richard Frank as Director of Marketing/Sales

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OEM Systems logoOEM Systems Company announced at CEDIA that it has appointed industry veteran Richard Frank as its new Director of Marketing/Sales, effective immediately. Saying it sees “favorable market conditions” that it wants to be prepared to take full advantage of, the Reno, NV-based company noted Frank’s extensive marketing  and sales development experience in its announcement.

See more on OEM Systems and this appointment… [Read more…] about OEM Systems Appoints Richard Frank as Director of Marketing/Sales

One Year Later – Rosewater Rewarded with Test Program by Major Utility

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RoseWater-Energy-Logo

We first met the Rosewater Energy Group at the 2012 CEDIA Expo – a coming out party for the new company that makes a residential energy storage hub with batteries to store your energy from either the power company or renewable sources (i.e. solar or wind) and a capacity large enough to power your whole home with processed and purified 115 volt sine-wave power. Founded by well-known industry personality Joe Piccirilli, Rosewater is on the leading edge of a new concept in energy delivery, storage, and usage.

Now, one year later, how has Rosewater’s business developed? See below… [Read more…] about One Year Later – Rosewater Rewarded with Test Program by Major Utility