Aim High Audio Sales & Marketing and AHA Distributing are separating, the company announced on Tuesday of this week. A prepared announcement from president and founder Chris Gilray, noted that the separation will allow each company to focus on its dramatic growth. Gilray will solely control the distribution business, while his partner Jon Perry will take over Aim High Audio’s representation business under the Precision Sales Group name.
Industry Trends
Tidal Targets Netflix – Adding Movies to Service
Company Reports Stunning Growth Numbers
Tidal, the high quality music streaming service purchased by rapper Jay Z one year ago, is said to be adding movie streaming to their service, Page Six (part of the New York Post) reported yesterday. According to the report, Tidal has already notified Apple that it intends to add movie streaming to its app, formally starting the required approval process.
Tidal has had an exceptionally challenging year, with three CEOs in nine months. Will opening up to competition on a movie service make things better?
See more on this surprising development… [Read more…] about Tidal Targets Netflix – Adding Movies to Service
Streaming Revenues Overtake Music Downloads for the First Time Ever
Overall Recording Industry Sales Grow for First Time Since 2011
The Recording Industry Association of America (RIAA) reported overall industry sales data for 2015 this week, revealing that for the first time in history streaming music was the single largest component of industry sales. Revenues from streaming sources accounted for 34.3% of total revenues, beating out music downloads from services like iTunes and others which accounted for 34% of total revenues.
Overall sales increased 0.9% to $7 billion, the first overall industry growth since 2011.
See more on the growth of streaming in music industry sales… [Read more…] about Streaming Revenues Overtake Music Downloads for the First Time Ever
Sorry Siri: Research Shows Consumers Aren’t Using Voice-Controlled Assistants
There is a lot of buzz surrounding Amazon’s Echo product, a tabletop computer featuring a voice-controlled digital assistant named Alexa. Alexa will play your favorite music, get your morning news update, find out today’s weather for you, and more. All you have to do is ask Alexa.
But before Alexa, we had Siri and other voice-controlled assistants, mostly associated with our favorite smartphone. But are consumers enamored with using voice-controlled assistants? A new study from marketing company 451 Research suggests that we don’t.
See more on smartphone users embrace of voice-controlled assistants… [Read more…] about Sorry Siri: Research Shows Consumers Aren’t Using Voice-Controlled Assistants
LCD Panel Prices in a Free Fall – Down 40% This Year
Liquid crystal display panel prices are dropping dramatically, hitting new low levels never before seen, as ramped-up production by Chinese manufacturers collides with depressed consumer demand for televisions and personal computers.The situation does not seem to be righting itself, even considering the fact that an earthquake recently damaged LCD panel production in Taiwan.
See more on the impact of a glut of LCD panels… [Read more…] about LCD Panel Prices in a Free Fall – Down 40% This Year
Yet Another High-End Brand Turns to Internet Sales, But This Time’s Different
This Time Brand Takes Local Dealers With Them
Raleigh, NC-based Cary Audio announced this week that they will allow their high-end specialty electronics line to be sold online. At first blush, this looks like yet another specialty brand disrupting their bricks-and-mortar dealer base in favor of powerful online dealers – much like our recent story on McIntosh Labs doing just that. But this time, Cary took a completely different approach – one that takes their local dealers along with them.
See how Cary built an entirely different program in going online… [Read more…] about Yet Another High-End Brand Turns to Internet Sales, But This Time’s Different
ResiWeek #4 Talks McIntosh, Sharp, & Control
We participated this week in ResiWeek, a new podcast centered on the residential integration market from the good folks over at AVNation.tv. Hosted by Tim Albright, guests this week included CEDIA’s Vin Bruno, Clare Controls’ Delia Hansen, and Strata-gee editor Ted Green. Topics included many hot stories of the day, including: McIntosh’s decision to sell products online, Clare Controls scoring a big deal with a builder, and the continuing drama at Sharp.
Check it out below…
Ingram Micro Sold to Chinese Shipping Company for $6 Billion
BREAKING NEWS
The Associated Press is reporting that Ingram Micro, Inc., best known as parent company to custom integration distributor AVAD, has been sold to Tianjin Tianhai, a Chinese Shipping company in a deal worth roughly $6 billion. The all-cash deal works out to approximately $38.90 per Ingram Micro share, well over its previous close of $29.42.
See more on this surprising announcement… [Read more…] about Ingram Micro Sold to Chinese Shipping Company for $6 Billion
Former Specialist Darling McIntosh Opens Up Internet Sales
BREAKING NEWS
Multiple sources have told us that McIntosh Laboratory, Inc., a brand once deeply committed to the specialty electronics retail channel, has notified dealers by phone that for the first time in its history the company will allow Internet retailers to sell the brand. The list of online dealers that will be authorized to sell McIntosh products includes Amazon.com. The news has sent a shock around their dealer base and we have heard from several very loyal, long-time McIntosh dealers…who are very, very angry.
See more on this latest development from McIntosh… [Read more…] about Former Specialist Darling McIntosh Opens Up Internet Sales
Two Rep Firms Join Forces to Create Mega NY Metro Rep
BREAKING NEWS
Deal Could Be a Blueprint for Rep Deals in Other Markets
We learned this week that two large New York Metro area rep firms have joined together to create a mega-rep firm offering an impressively large assortment of largely custom integration-oriented lines. The two firms are Audio Associates of Somerset, NJ and Thea & Schoen of Clifton, NJ…and the news is sure to shake up the market.
