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You are here: Home / Archives for News

News

CEDIA 2019 IRS Filing Reveals a $3.7M Deficit; Org Dubs It a Transitional Year

October 28, 2021 by Ted Leave a Comment

A past CEDIA Expo
A past CEDIA Expo, now owned by Emerald Expositions

CEDIA recently filed their Form 990 with the IRS – a required filing by non-profits disclosing key financial data – and for the first time in a while, I found some interesting and somewhat confusing things in there. Yes, I obtain the organization’s 990 filings every year just to get a sense of how things are going. Like all of us, the organization is filing for, at best, the previous year and often they request and receive an extension. Hence, we are just now getting a glimpse of their 2019 results…and it was an eye-opener.

See what the CEDIA interim co-CEOs told me about 2019

[Read more…] about CEDIA 2019 IRS Filing Reveals a $3.7M Deficit; Org Dubs It a Transitional Year

Filed Under: Associations, Financial, Integrators, News, Strategy Tagged With: CEDIA, CEDIA Expo, Giles Sutton, Kory Dickerson

Majority of All Companies Raised Wages in Q3; Will Do It Again This Quarter

October 26, 2021 by Ted Leave a Comment

Photo of happy employees

In a survey by the National Association of Business Economists, a strong majority of all businesses – fully 58% – reported that they raised the wages they paid to employees in the third quarter, as reported by AXIOS. Nearly the same number say they will raise wages yet again in the coming months. While the news has some positive elements, especially for workers (like the smiling employees above), it definitely has some economists worried.

See more on rising employee wages

[Read more…] about Majority of All Companies Raised Wages in Q3; Will Do It Again This Quarter

Filed Under: Economic Trends, News, Research, Survey Tagged With: COVID-19, employment, inflation, wages

New Vanco Introduction Powers Up Your Assortment, Client Satisfaction & Profits

October 26, 2021 by Ted Leave a Comment

I recently became aware of the fact that Vanco, the Chicago-based manufacturer of a broad range of mostly accessory products had decided to become a master distributor for a product category that we all need, we all use, and yet to which we pay little attention. It is in this reality, Vanco’s President Mark Corbin tells me, that there lies a tremendous opportunity to better serve our customers and to add meaningful profit to our financials.

See this Vanco solution…

[Read more…] about New Vanco Introduction Powers Up Your Assortment, Client Satisfaction & Profits

Filed Under: Brands, Dealers, Distributors, Integrators, News, Products, Strategy, Tech Trends Tagged With: battery, Duracell, Mark Corbin, Procell

UEI Earns Wide National News Coverage for All the Wrong Reasons

October 21, 2021 by Ted 2 Comments

UEI screenshot with logo

Allegations of Conspiring With China’s Gov’t to Use Uyghurs in a Forced Labor Arrangement

In a rare show of bipartisanship, a group of U.S. Senators has sent a strongly worded letter to a leading consumer electronics industry remote control maker Universal Electronics, Inc. (UEI) launching a probe into the company’s hiring practices in China. Unique to UEI is that they own their own factories in China (most contract with existing China OEM factories) and a recent damning investigation by Reuters alleges the company is working with the Chinese government to utilize a widely persecuted Uyghur minority in a forced labor arrangement, a human rights violation. UEI has denied the accusation but so far has not provided data to back up their denial.

See more on the UEI labor situation in China

[Read more…] about UEI Earns Wide National News Coverage for All the Wrong Reasons

Filed Under: Brands, Law, Management, Manufacturers, News, People Tagged With: human rights, Microsoft, Paul Arling, Samsung, Sony, UEI, Universal Electronics Inc, Uyghur

Azione Unlimited Merges with Nationwide Marketing Group

October 20, 2021 by Ted Leave a Comment

Azione logo

Azione Unlimited announced today that it has partnered with Nationwide Marketing Group, a group representing more than 14,000 storefronts made up largely of appliance, furniture, and electronics retailers. While Nationwide may not be an immediately obvious choice as a partner for Azione, the custom integration specialist group maintains that it makes perfect sense as they say integrators must be able “to address all of their clients’ needs, no matter the room in the home.”

See more on the merger of Azione Unlimited and Nationwide Marketing Group

[Read more…] about Azione Unlimited Merges with Nationwide Marketing Group

Filed Under: Buying Groups, Dealers, Financial, Integrators, News, Strategy Tagged With: Nationwide

CEDIA Names Daryl Friedman as New CEO; Has Extensive Association Experience

October 20, 2021 by Ted 4 Comments

Photo of Daryl Friedman

New CEDIA CEO Tells Strata-gee, ‘I Promise You Transparency’

The Custom Electronic Design & Installation Association (CEDIA) announced today that it has named Daryl Friedman as its new Global President & CEO. Friedman’s appointment is effective as of November 27, 2021. Don’t know that name? I’m not surprised as Friedman, an experienced Association executive, comes from the Recording Academy…the folks who bring you the Grammy awards. In an interview this week, Friedman told me that he’s close to the engineers and producers – the highly technical folks in his current association – so he brings a clear technology appreciation to his new role.

Learn more about CEDIA selecting Daryl Friedman as CEO

[Read more…] about CEDIA Names Daryl Friedman as New CEO; Has Extensive Association Experience

Filed Under: Associations, Integrators, Management, News

Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip

October 14, 2021 by Ted Leave a Comment

Crestron NEXT logo

BREAKING NEWS Event Kicks Off in November, Starting in Boston & Chicago; More to Follow

I have just learned that Crestron is planning to launch a monster series of regional dealer shows, called the Crestron NEXT Road Trip, that sounds as though they’re going to be spectacular – with new product launches, full product displays & demos, and in-depth educational courses offered. The multi-day event will include huge displays from both the company’s commercial and residential business units in what promises to be quite a show.

See what we know so far about the Crestron NEXT Road Trip

[Read more…] about Crestron Brings the Trade Show to You via the Crestron NEXT Road Trip

Filed Under: Integrators, Manufacturers, News, Pivot Point, Shows & Events, Strategy Tagged With: Crestron, Crestron NEXT, road trip

Well-Known Industry Vet Lawrence Davis Joins Vital

October 14, 2021 by Ted Leave a Comment

logo for Vital

CI coaching business Vital announced this week that well-known industry veteran Lawrence Davis has joined the company as its new VP of Business Development. The company says that this move is “the first step in their growth plan.”

See more on Vital hiring Lawrence Davis

[Read more…] about Well-Known Industry Vet Lawrence Davis Joins Vital

Filed Under: Brands, Financial, Integrators, Management, News, People Tagged With: Jeremy Burkhardt, Matt Bernath, Paul Starkey, Steve Firszt, Vital, Vital Management

Moody’s Upgrades Credit Rating of Once Bankrupt Guitar Center, Parent of AVDG

October 12, 2021 by Ted Leave a Comment

Moody’s Investors Service, one of the nation’s largest credit rating agencies, announced last week that it has raised the credit rating of Guitar Center, the owner of custom integration company Audio Visual Design Group. Guitar Center has struggled for years, finally falling into bankruptcy – from which it emerged about ten months ago in December 2020.

Read more about Guitar Center & AVDG’s elevated rating

[Read more…] about Moody’s Upgrades Credit Rating of Once Bankrupt Guitar Center, Parent of AVDG

Filed Under: Brands, Dealers, Financial, Integrators, Management, News Tagged With: Audio Visual Design Group, AVDG, Guitar Center

Kaleidescape Expands Line with New Mid-Level Compact Terra 18TB Server

October 6, 2021 by Ted Leave a Comment

Kaleidescape 18TB movie server

Kaleidescape announced this week an expansion of its movie server line with the new compact Terra 18TB. Positioned as a mid-level model for the brand, the Terra 18TB offers some sweet features that are sure to make it a popular option for movie fans.

Learn more about the Kaleidescape Terra 18TB movie server

[Read more…] about Kaleidescape Expands Line with New Mid-Level Compact Terra 18TB Server

Filed Under: Brands, News, Products Tagged With: Kaleidescape, Tayloe Stansbury, Terra

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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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