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Gibson Stuns the Music World, Shuts Down Cakewalk

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Acquired in 2013, Cakewalk was Killed for Philips, Gibson Says

Cakewalk logoIn what many in the industry are suggesting is yet another indicator of struggles at Gibson Brands, the company announced a little over a week ago that it would wind down operations at Cakewalk Inc., a popular music creation software company it owns. Music industry-centric websites around the internet exploded with largely critical coverage of the move, and comments on Cakewalk’s website are decidedly negative – both sad and angry – as customers seek to process the shocking news.

See more on yet another move by struggling Gibson…

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Toshiba: Beginning to Slip From View

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Company Pulls Monster LED Display from Times Square

Top of Toshiba's Times Square displayStruggling Toshiba Corp. has made what is undoubtedly a difficult decision and a big blow to their corporate ego  – they will abandon their giant LED display overseeing Times Square. The huge lighted billboard was a prominent showing of the Toshiba logo all year-round, but especially during the dropping of the ball on New Years Eve, when it served as the countdown shown on network TVs as cameras broadcast the ball drop around the world. The Toshiba logo has literally lit up Times Square for ten years, having been first erected there in December 2007.

See more on Toshiba’s decision to vacate Times Square… [Read more…] about Toshiba: Beginning to Slip From View

Klipsch Gets It On…On-Wall, That Is

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Klipsch logoKlipsch announced today it has launched an entirely new line of on-wall speakers, designed to augment on-wall flat panel TV installations with richer, more dynamic audio. This new series of products, called the Reference Premiere Designer On-Wall speakers take up minimal space, while delivering maximum sound.

See more on Klipsch Reference Premiere Designer On-Wall speakers… [Read more…] about Klipsch Gets It On…On-Wall, That Is

Quirky Shinola Launches New Headphone Line, Made in Detroit

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Can of ShinolaQuirky Shinola, the scrappy Detroit, MI-based manufacturer of an eclectic collection of disconnected product lines, including watches, bicycles, leather goods, jewelry and, now, audio, has introduced a line of headphones, including over-ear, on-ear, and in-ear models. The company, which is owned by Bedrock Manufacturing Company, LLC, is as much an experiment in bringing manufacturing back to bankrupt Detroit, as it is a power brand.

See more on this new headphone line from Shinola… [Read more…] about Quirky Shinola Launches New Headphone Line, Made in Detroit

Gibson Brands: Putting Its Assets On the Line

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Sells Warehouse & Property for $6 Million

Gibson_Bus_Fleet-1

Gibson Brands, Inc. has reached an agreement to sell its property on a half-acre in the North Gulch area of Nashville, TN to a private equity group for $6.38 million, according to a report by the Tennessean. The property includes an unused Gibson warehouse. The purchase was by Somera Road Inc., who worked in partnership with Tricera Capital, a Miami, FL private equity company.

See more on this Gibson Brands deal, which may not be done yet…

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CEDIA’s Big Dig in Fishers, IN Begins

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Association Breaks Ground on $14 Million HQ Building

CEDIA announced today it has broken ground on its previously revealed new $13.7 million headquarters building being built in Fishers, Indiana. The project is expected to take about a year to complete, with the organization taking residence in November 2018.

See more on this move by CEDIA… [Read more…] about CEDIA’s Big Dig in Fishers, IN Begins

Nearly 60% of Prime Users Say No to Amazon Key

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Photo of Amazon Key service deliverConsumer’s Front Door an Impenetrable Barrier to Online Delivery People

Gifted visionaries like Jeff Bezos can image amazing products and convenient services. For example, like designing the world’s easiest online shopping site…and, dreaming of having consumers purchase goods online to be delivered IN their home. Today, in 37 cities across the United States, Amazon is launching its new delivery service where deliveries are placed past your temporarily unlocked front door and placed into your home…thanks to a special $250 door lock and cloud camera packaged solution that can be temporarily opened for the delivery person, called Amazon Key.

See what Amazon Prime subscribers think of Key in a survey by Recode… [Read more…] about Nearly 60% of Prime Users Say No to Amazon Key

CEDIA Elects New Board Members; Is Change at Hand?

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Photo of Matt D. ScottCEDIA has wrapped up the election process for three open board seats that we first told you about here in a post from September. There were a total of seven candidates vying for three open slots. The election is over and ladies and gentlemen we have a winner, er, three winners.

See who joins the Board for 2018… [Read more…] about CEDIA Elects New Board Members; Is Change at Hand?

Lawyer Warns: Alexa is ‘Betraying You’

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Smart Devices Put 1st Amendment Rights at Risk, Lawyer Says

Photo of Robert Stahl
Robert G. Stahl
Stahl Criminal Defense Lawyers

As we perused the newswire services Monday, one release, from a New Jersey criminal defense law firm, caught our eye. Titled, “Are Your Smart Devices Betraying You?” the release was written more like a poison warning label than a news release. Your smart device, Westfield, NJ-based Stahl Criminal Defense Lawyers said, are “always on and potentially recording or transmitting.”

You should be concerned Stahl says, as your First Amendment rights are at risk… [Read more…] about Lawyer Warns: Alexa is ‘Betraying You’

Gibson Brands Continues to Show Signs of Strain

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Downsizing Factory & Dilution of Onkyo Ownership

Logo for Gibson BrandsRecent developments have thrust Gibson Brands back into the spotlight once again – a spot that CEO Henry Juszkiewicz doesn’t particularly enjoy, unless he’s there on his own terms. But this time, two tidbits of news have conspired to bring Gibson, and their financial challenges to the fore. And as we try to digest all of this, it’s clear that Gibson is continuing to show signs of strain due to sluggish results from its aggressive diversification into consumer electronics jeopardizing its ability to deal with looming huge debt payments on the loans used to acquire CE brands.

See the news that shines a light on Gibson’s troubled financial position… [Read more…] about Gibson Brands Continues to Show Signs of Strain