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You are here: Home / Archives for Manufacturers

Manufacturers

Gibson CEO Turns to PR to Stop Crashing Reputation

February 19, 2018 by Ted Leave a Comment

Company Rehires CFO With Debt Deadline Fast Approaching

Gibson CEO Juszkiewicz
Gibson’s CEO Henry Juszkiewicz

As the music world media continues to trumpet the news of the potential impending collapse of Gibson Brands, noting large outstanding debts and the exit of the company’s CFO, Gibson CEO Henry Juszkiewicz launches a PR blitz to try and stem the collapse of the company’s reputation. It is a critical time for Juszkiewicz, as he is engaged in trying to refinance the company whose huge debt portfolio of over $500 million comes due in just a few short months. To try and stem the tide, Gibson released a couple of press releases last week claiming, in essence and improbably, that things are just fine.

Oh and Gibson Brands hired a CFO…or rather, re-hired a former CFO… [Read more…] about Gibson CEO Turns to PR to Stop Crashing Reputation

Filed Under: Brands, Financial, Manufacturers, Marketing, Strategy Tagged With: Benson Woo, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz

The Forgotten Thiel

February 16, 2018 by Ted 2 Comments

Strata-gee *EXCLUSIVE* Interview with Tom Thiel

Tom Thiel at Northwind TonewoodAlthough Strata-gee has loosely followed Thiel Audio for many years, since 2012, when the company was sold by co-founder Kathy Gornik to a group of Tennessee private equity investors, our coverage intensified. Part of the motivation for devoting more coverage to this stage of Thiel, was a growing interest in the apparent deteriorating state of specialty A/V – but it was also fueled by a wacky, reality-show like, “You’re Fired!” atmosphere as principal owner David B. Griffin routinely dismissed newly constituted management teams. With five different CEOs over a five-year period, some with tenures measured in months, the company’s business suffered from inconsistent fits-and-starts as each team pursued a new direction.

This state of constant turmoil at Thiel caused extreme consternation among – first the Thiel dealer base, and when that disappeared – Thiel end-users, many of whom were huge fans of Jim Thiel. A host of audio forums and bulletin boards had ongoing, passionate postings bemoaning the end of an era: the end of the Kathy Gornik era…and of course, the end of the Jim Thiel era.

Kind of like in Star Wars, The Empire Strikes Back, when Obi-wan says: “That boy is our last hope.” Yoda replies: “No, there is another…” [Read more…] about The Forgotten Thiel

Filed Under: Manufacturers, People Tagged With: Gibson, guitars, Jim Thiel, Kathy Gornik, Martin, Northwind Tonewood, Thiel, Thiel Audio, Tom Thiel

King Thiel is Dead, Long Live Coherent Source Service

February 8, 2018 by Ted

Thiel Owners Celebrate the News of the Rebirth of Thiel Service

New Thiel Audio logoThe rumors have been swirling around various audio blogs and forums for a couple of weeks now and Strata-gee has confirmed that the service department of Thiel Audio, the only part of the Nashville-based company that remains in Lexington, KY, has been split off from the company and purchased by long time head of service, Rob Gillum. The development is incredibly good news for Thiel owners everywhere, many of whom were crushed to hear the brand was closing down.

Rob Gillum talks to Strata-gee… [Read more…] about King Thiel is Dead, Long Live Coherent Source Service

Filed Under: Manufacturers, News, People Tagged With: Coherent Source Service, Jim Thiel, Rob Gillum, service, Thiel, Thiel Audio

Gibson Makes Coupon Payment; CFO is Out

February 8, 2018 by Ted Leave a Comment

Debt Holders Increasingly Anticipate Bankruptcy Filing

Logo for Gibson BrandsGibson Brands announced at the end of last week that it had successfully completed a $16.6 million coupon payment to holders of its $375 million 8.875% senior secured notes due 2018. This news, a seemingly positive development for the company, really only means that they get to march forward towards their mid-year debt maturities – the big event. But, for the moment at least, they are stayin’ alive.

However, Gibson’s CFO has left the company… [Read more…] about Gibson Makes Coupon Payment; CFO is Out

Filed Under: Brands, Financial, Manufacturers, News Tagged With: Chelsea Frankel, debt, financing, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Reorg Research

Old Pro Bryston Partners with Rookie StormAudio

February 1, 2018 by Ted Leave a Comment

Bryston's logoIn sort of a cross-technology sharing agreement, Bryston says it has partnered with relative newcomer StormAudio to create new products that will embody shared technologies from the two premium companies. According to the announcement, the agreement will enable “both companies to leverage their respective design and manufacturing expertise in an array of new product offerings.”

See more on this interesting Bryston – StormAudio partnership… [Read more…] about Old Pro Bryston Partners with Rookie StormAudio

Filed Under: Brands, Manufacturers, News, Products, Strategy Tagged With: Atmos, Auro 3D, Auro Technologies, Auro3D, Bryston, Dolby Atmos, DTS:X, StormAudio

Monster Throws a ‘Hail Mary,’ Pays Millions for Super Bowl Ad

February 1, 2018 by Ted 6 Comments

Monster logoMonster, Inc. (formerly Monster Cable) announced this week that it is launching its first ever television ad during the NBC broadcast of Super Bowl LII this Sunday, February 4. Usually the biggest TV event of the year, Super Bowl commands a king’s ransom in fees for advertisers, reportedly $5 million for a 30-second spot according to Sports Illustrated. Monsters ad? A full 60-second spot.

See more on Monster’s super expensive Super Bowl ad… [Read more…] about Monster Throws a ‘Hail Mary,’ Pays Millions for Super Bowl Ad

Filed Under: Brands, Manufacturers, Marketing, News, People, Promotions, Shows & Events, Strategy Tagged With: Beats, litigation, Monster, Monster Cable, Monster Products, Noel Lee, Super Bowl

Yet Another Investor Sues Gibson Over Soured Deal

January 25, 2018 by Ted 6 Comments

The Plot Thickens in This Sales Triangle

Logo for Gibson BrandsJust last week, we learned that real estate investment company Somera Road filed a lawsuit in the Davidson County Chancery Court in Nashville, alleging that Gibson Brands had reneged on a deal to sell them a property known as the Valley Arts building. Now, in a report from the Nashville Post, we’ve learned that another party has sued Gibson over the same property.

See what we know about this mess Gibson finds themselves in… [Read more…] about Yet Another Investor Sues Gibson Over Soured Deal

Filed Under: Law, Manufacturers, News, Pivot Point Tagged With: Gibson, Gibson Brands, Gibson Guitar, Somera Road, Starguitar

From James Loudspeaker – Not Your Father’s Soundbar

January 25, 2018 by Ted Leave a Comment

James Loudspeaker logoJames Loudspeaker, the scrappy, custom creation-centric speaker manufacturer, announced this week a new series of 2.1 soundbars. By 2.1, they mean the soundbar reproduces left-channel audio, right channel audio, and deep bass via an included subwoofer…all in one. Because of this unique configuration, James calls it their LR-S soundbar.

Learn more about this remarkable James soundbar… [Read more…] about From James Loudspeaker – Not Your Father’s Soundbar

Filed Under: Manufacturers, Products, Tech Trends Tagged With: James Loudspeaker, soundbar

Thiel is Toast, Specialty Audio Takes Another Hit

January 17, 2018 by Ted Leave a Comment

New Thiel logo black backgroundAfter a tumultuous five-year period, which began in 2012 when Thiel was sold to Tennessee private investor David B. Griffin, we can now confirm that Thiel Audio has been closed for good. Failing some kind of 11th hour rescue, another great American audio brand will be relegated to the dustbin of history.

See what we know of the closing of Thiel Audio… [Read more…] about Thiel is Toast, Specialty Audio Takes Another Hit

Filed Under: Brands, Financial, Management, Manufacturers, News, Pivot Point Tagged With: Bob Brown, James Thiel, Jim Thiel, Kathy Gornik, Stephen DeFuria, Thiel, Thiel Audio, Tom Malatesta, Tom Thiel

Gibson Stuns Again; Pulls Out of NAMM Show

January 10, 2018 by Ted Leave a Comment

Photo of Gibson's Tokyo Showroom

A little more than a month ago, Gibson stunned the music world by abruptly shutting down Cakewalk, a music software company it had acquired in 2013. Now the music industry is abuzz again, after an announcement from Gibson Brands that it has decided to pull out of the NAMM show – the biggest music industry tradeshow, taking place at the Anaheim Convention Center January 25-28. Gibson Guitars is one of the top guitar manufacturers in the world, and the thought of a major music industry tradeshow without their representation has tongues wagging throughout the industry, with plenty of speculation about the “real” reason Gibson chose to pull out.

See more on this surprising news by Gibson… [Read more…] about Gibson Stuns Again; Pulls Out of NAMM Show

Filed Under: Financial, Manufacturers, News, Pivot Point, Strategy Tagged With: GearNews, Gibson Brands, Gibson Guitar, MusicRadar

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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