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AVPro Global Appoints Well-Known Industry Vet as Chief Operating Officer

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Mike Detmer, new COO of AVPro Global

AVPro Global Holdings, LLC, parent company to growing technology brands such as AVPro Edge, AudioControl Pro, Bullet Train, Murideo, and Then Audio, announced today that it has named well-known industry executive Mike “Sparky” Detmer as its Chief Operating Officer. Detmar is well known to many in custom integration for his long stint at Niles Audio, part of Nortek, and once a pillar brand for many integrators across the country.

Now Detmer joins AVPro Global to help them scale their operations in support of their fast-growing residential and commercial integrator solutions business.

See more on Mike Detmer joining AVPro Global as COO

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Austin AudioWorks to Launch at AXPONA

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Austin AudioWorks new products

A new high-end, high-performance, direct-to-consumer audio company called Austin AudioWorks is officially launching the brand during the upcoming AXPONA show at the Schaumberg Convention Center in Chicago, IL from April 12-14. The company says its products “are very different from the mainstream” and show attendees will want to stop by and audition the new line in person at the show.

See what makes Austin AudioWorks different…

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Masimo Drama Intensifies as Activist Investor Nominates 2 More Directors

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Politan’s Koffey Makes Move to Seize Control of Company

One business day after Masimo Corp. [Nasdaq: MASI] announced plans for a spin-off of its Consumer division, the business unit formed by the acquisition of Sound United, activist investor Politan Capital Management and its CIO Quentin Koffey – a current Masimo Director – announced the nomination of two more independent director candidates for the Board of Directors. In a statement accompanying the announcement, Koffey takes the gloves off alleging Board dysfunction, uncooperative management, and says Kiani’s desire for control “is troubling.”

Pop a fresh bowl of popcorn and settle into a comfortable chair…things are getting pretty interesting in this story of escalating boardroom and management drama.

See more on the rising drama at Masimo

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Klipsch Partners with Marvel Animation as Official Home Speaker of X-Men ’97

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Leading consumer speaker brand Klipsch announced this week that it is partnering with Marvel Animation’s X-Men ’97 as the official home speakers for the series which launched on Disney+ Wednesday. If you have kids, you likely know the popularity of the X-Men franchise, which with this new series looks to trade on that popularity to the benefit of both partners.

Learn more about this X-Men ’97 & Klipsch partnership

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Home Construction Looks to Rebound in 2024; Housing Starts & Builder Sentiment Up

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home construction looks to be picking up steam in 2024

The overall housing market has been an economic laggard as the country has seen its economy rebound in the post-pandemic era. The reason for this is primarily due to an unusual combination of high interest rates AND high home prices AND limited available inventory of homes for sale. It is a triple witching that has bedeviled the housing industry in the post-pandemic era.

But is housing about to turn up?

See how the latest housing starts data is a positive sign for home construction

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Parasound CEO: Making Progress, But Wait Until You See What’s Coming

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Title slide for Parasound Town Hall meeting

Company has Moved Its Headquarters to Las Vegas

Recently, Parasound conducted another online Town Hall meeting for dealers interested in learning more about the brand’s progress under the leadership of new owner, CEO David Sheriff. Held via Microsoft Teams on a recent Saturday to facilitate participation, it lasted an impressive 1¾ hours long with the majority of all participant questions answered.

See what CEO David Sheriff shared with Town Hall participants

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Emerald, Owner of CEDIA Expo & CE Pro, Says 2023 Revenues Rise 17% but Profits Drop 102%

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Emerald Holding, Inc. (NYSE: EEX), the parent company of Emerald Expositions, one of the country’s largest B2B tradeshow exposition companies, reported its Fiscal 2023 fourth quarter and full-year results. The results were mixed with full-year revenues growing by 17.5% compared to Fiscal 2022, but profits collapsing by 102% to a Net Loss.

Company management expressed extreme optimism on a call with financial analysts, but its stock value dropped dramatically the day it released these numbers.

Learn more about the Emerald Holding results for Fiscal 2023

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Streaming Service Subscriber Growth in U.S. Dropped by Half in 2023

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Graphic showing top streaming service providers

In what may be another sign of the post-pandemic blues, data published this week by research firm Antenna showed that growth in streaming service subscriptions in the U.S. dropped by 50% in 2023. Some are saying the boom in streaming is over…or could it be an over-adjustment that will correct itself and return to growth again soon?

See more on what’s happening with streaming service subscriptions

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Josh.ai Continues Expansion to Full-Control Provider as Voice Recedes

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Alex Capecelatro, founder & CEO of Josh.ai

This week, Josh.ai held a significant launch of several new products, app improvements, and new integrations as it continues its journey from a voice interface into a full system control provider. While a voice update was part of this announcement, it felt deemphasized as the company pursued a greater role in the industry as a full control solution provider by launching a richer app user experience (UX), the introduction of a touch panel interface, and a round of new integrations.

See more on the Josh.ai announcements

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Analog Cassette Tape is Mounting a Comeback

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Analog cassette tape sales are rebounding

The Nikkei is reporting a robust revival in Japan of sales of prerecorded analog cassette tapes, a format once thought dead and gone. Now, the report says, the humble cassette tape “is experiencing a renaissance, charming a new generation of music enthusiasts with its nostalgic appearance and distinctly warm and rich sound.”

First vinyl and now cassettes, what’s going on?

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