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MQA Limited Enters ‘Administration’ in U.K.; Similar to Chapter 11 Bankruptcy

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BREAKING NEWS

MQA Limited, the company that invented and markets the Master Quality Authenticated digital music system said to deliver lossless high-res streaming music, has entered “administration” in the U.K. Administration is a form of bankruptcy or protection from creditors similar to Chapter 11 bankruptcy here in the U.S. In the U.K., administration offers an insolvent company time to reorganize, develop a new plan, and – with stakeholder and government approval – an opportunity to exit bankruptcy.

Learn more about this dramatic development with MQA

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Consumer Confidence in March Turns Up ‘Slightly’; Spending Plans Revealed

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In the latest data on consumer confidence, The Conference Board reports a positive, if only “slightly” so (their words), uptick in consumer confidence readings in March as compared to the sentiment in February. The organization’s Consumer Confidence Index (CCI), a widely followed read on how consumers are feeling about both existing and upcoming business conditions, is an important indicator of potential economic activity.

See more on this latest reading on consumer confidence

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Veteran Sales Pro Phil Jackson Joins Redwood Marketing in N. California

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Redwood Marketing logo

Well-respected high-performance A/V manufacturers sales representative firm Redwood Marketing has announced this week that veteran sales professional Phil Jackson has joined the firm, boosting its manpower and market coverage. The appointment of Jackson is effective immediately and the company says the addition “reinforces our position in the marketplace.”

Learn more about Phil Jackson joining Redwood Marketing

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Masimo vs. Apple Trial Starts Today – Judge Tells Jurors to Leave Their Apple Watches at Home

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Apple watch showing blood oxygenation feature

Its Biggest Battle Yet with the World’s Largest Tech Corp

As I write this post on Wednesday, it is the opening day of the patent infringement and trade secrets trial based on a lawsuit filed by Masimo Corporation [NASDAQ: MASI] and Cercacor Laboratories, Inc. (a Masimo-affiliated company) versus Apple, Inc. [NASDAQ: AAPL]. You could call it David vs. Goliath, as tiny Masimo tangles with Apple, the largest corporation in the world. This lawsuit was originally filed back in January 2020 by Masimo who claims that Apple has misappropriated trade secrets by hiring former Masimo employees and stealing Masimo patented technologies, valuable intellectual property (IP) they consider trade secrets, for use in Apple products.

Learn more about Masimo vs. Apple…

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A First – Data Shows Shipments of Smart Home Devices Dropped in 2022

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Graphic of digital TV a smart home device

For the first time since the category has been independently tracked, new data from market research firm International Data Corporation (IDC) shows that global shipments of smart home devices actually declined in 2022. Not only that but while the market researcher predicts that 2023 will see a bit of a rebound overall, its largest segment – Smart TVs – will likely decline again this year.

See the latest data on smart home device shipments

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New TX-RZ70 Tops the Onkyo Line as Its Flagship Model

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Photo of the new Onkyo TX-RZ70

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

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Pandora Music & Podcasts are Now Included with Russound MBX Streamers

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Russound MBX front panel with Pandora logo

Russound, a top specialty manufacturer of smart home and connected audio solutions for integrators, announced on Tuesday that the ever-popular Pandora streaming service is now included in the company’s top streaming products. Both the Russound MBX-PRE stereo preamplifier and the MBX-AMP stereo amplifier now have the Pandora streaming service included natively in the device.

See more on this new Pandora service from Russound

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Japan-Based OLED Manufacturer JOLED Files for Bankruptcy

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Photo of JOLED factory

JOLED, a Japanese manufacturer of OLED-based panels and products that was formed by the merger of the OLED divisions of both Panasonic and Sony, filed for bankruptcy protection in the Tokyo District Court on Monday. According to the filing, the company reported that it has debts totaling ¥33.7 billion ($257 million).

Learn more about the bankruptcy of JOLED…

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Savant Exec Angela Larson Joins Azione Unlimited Advisory Board

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Angela Larson, an SVP of Savant, joins the Azione advisory board

Azione Unlimited announced that it has elected Savant Senior Vice President of Services & Customer Operations Angela Larson to its advisory board. Unique to the buying group scene, Azione’s advisory board consists of five dealer members and five vendor members who all work together with the goal of “creating, expanding, and implementing the organization’s mission.”

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Italian High-End Audio Maker Gold Note Selects Fidelity Imports as U.S. Distributor

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Photo of a Gold Note turntable

Firenze, Italy-based high-end audio manufacturer Gold Note announced this week that it has selected Fidelity Imports as its exclusive U.S. importer and distributor. According to Gold Note’s announcement, the appointment will take effect starting April 1, 2023.

See more on Gold Note and Fidelity Imports

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