This evening I received a press release from Valerio Cora, the new owner and Chief Executive Officer of Audio Research that seeks to address some concerns the company is apparently hearing from customers of the high-end, high-performance electronics brand. Interestingly, Cora says that the company will use the dba (doing business as) designation of Audio Research Corporation, while its legal new corporate name registered in Delaware is AR Tube Audio Corporation.
A Strata-gee Exclusive Interview with CEO David Sheriff
In a Teams interview with new Parasound owner and CEO David Sheriff, with VP of Sales and Marketing Larry Bennett joining in occasionally, I learned more about the company’s seemingly dramatic new direction. This new direction is defined not so much by a changed product strategy, but rather by revisions the company plans to make in policies, programs, and dealer structure that looks to redefine its approach to the market.
See what the leaders of Parasound told me[Read more…] about New Parasound CEO Believes They Can Do More With Less
Redwood Marketing, Inc. continues an ambitious growth strategy by acquiring another Northern California manufacturers sales representative group, the Jan Tulloch Company. Both groups are based in Northern California, and the deal is expected to close by July 1, 2023.
Read more on Redwood Marketing & Jan Tulloch Co[Read more…] about Jan Tulloch Co Acquired by Redwood Marketing
Nationwide Marketing Group announced this week that it is opening up registration for its upcoming PrimeTime event, scheduled to take place in Nashville, TN from August 13-16. While this is the 61st edition of PrimeTime, and it is the fourth time the event has taken place in Nashville, aka Music City, it is the first time the event will take center stage at the Music City Convention Center in the very heart of a vibrant and active downtown Nashville.
Learn more about the upcoming PrimeTime[Read more…] about Nationwide Marketing Group Opens Up Registration: It’s Time for PrimeTime
Last week, in a national online Teams conference with dealers, Parasound CEO David Sheriff presented his plans for the company’s future. Tightly scripted, the CEO spoke with a firm resolve in a no-nonsense manner. It was clear that the initiatives he announced that day were not topics for more discussion or debate, but rather what is going to happen. And he made it clear that some dealers viewing the online presentation that day will likely not agree with these plans, and that’s fine.
“Let’s talk about parting ways,” Sheriff said, looking directly into the camera without blinking.
Learn more about the Parasound dealer conference[Read more…] about Parasound CEO Sheriff Presents His Plan to Dealers; Some Won’t Be Around to Benefit
On Monday, Premium Audio Company (PAC) announced the launch of the Onkyo TX-RZ70, a flagship audio-video receiver that the company says provides “stellar audio performance” along with “studio-level processing.” As a “flagship,” by definition, this model is at the top of the Onkyo AVR line-up and is being launched just three-and-a-half weeks after the launch of Integra’s flagship model, the DRX-8.4.
See more on this top Onkyo AVR[Read more…] about New TX-RZ70 Tops the Onkyo Line as Its Flagship Model
Moody’s Investors Service (Moody’s) announced recently that it has once again downgraded the overall credit rating of Guitar Center Inc. – the owner of custom integrator Audio Visual Design Group (AVDG). The agency has dropped its creditworthiness from B2 to B3. Not only that, Moody’s notes that it has additionally downgraded the company’s rating on a specific item – its senior secured note – to Caa1 from B3. The outlook for the near term is said to be “stable.”
This is yet a new chapter in a long-troubled private equity-owned company swimming in debt and trying to grow itself out of trouble.
See more on Moody’s analysis of Guitar Center/AVDG…[Read more…] about Once Again Moody’s Downgrades the Credit of AVDG Parent Guitar Center
Russound released a statement today from CEO Charlie Porritt who summed up their experience at the recent ISE 2023 event in Barcelona. According to Porritt, the show was “one of the most productive, well-run, and enjoyable trade events to date.” It doesn’t get much better than that…
See more on Russound’s experience at ISE 2023[Read more…] about Russound Says ISE 2023 was a Blast
Parasound announced today that it has appointed Larry Bennett, a well-known audio industry veteran, as its Vice President of Sales and Marketing. The company says that this is the first step in new owner David Sheriff’s plan to revitalize the company.
See more on Larry Bennett’s appointment at Parasound[Read more…] about The Transformation Begins: Parasound Appoints Larry Bennett as VP of Sales & Marketing
Savant Systems, Inc. (Savant) announced on Monday it’s Savant Power division has partnered with heavyweight energy solutions and services provider Sunnova Energy International, Inc. (Sunnova) (NYSE: NOVA). This is the kind of deal that can turbocharge Savant’s growth in the energy monitoring and control segment – a segment in which they are already a leader in the custom integration space.