Tipped off by a source, we have learned that the turmoil at Thiel Audio continues, as yet another wave of executives have arrived and departed – leaving the company ostensibly leaderless and seemingly adrift in the market. The revolving executive door at Thiel seems to be an annual event as we await news on yet another team to jump in the saddle…or into the fire, depending on your perspective.
Bluesound Scores Deal for National Placement in Magnolia Design Centers
BREAKING NEWS
Bluesound, a division of Lenbrook America, has cut a deal with Best Buy that will result in a national roll-out of the company’s line of high-quality digital multi-room music systems through Best Buy’s Magnolia Design Center locations. The agreement will begin to take effect later this month in a phased introduction into the first 25 locations.
See more about this major development for Bluesound… [Read more…] about Bluesound Scores Deal for National Placement in Magnolia Design Centers
Ex-Krell President McKiegan Moves to Dan D’Agostino Master Audio Systems
BREAKING NEWS
Within hours of our BREAKING NEWS report on Bill McKiegan leaving Krell Industries this morning, we received a press release from Dan D’Agostino Master Audio Systems announcing his arrival there. McKiegan rejoins the D’Agostino’s – who are the original founders of Krell – taking the position of President in their post-Krell company, effective immediately.
See more on this unexpected move by McKiegan… [Read more…] about Ex-Krell President McKiegan Moves to Dan D’Agostino Master Audio Systems
Dolby Labs Opens New Headquarters Building ‘Where Art Meets Science’
Dolby Laboratories announced the opening of their new headquarters facility in San Francisco at 1275 Market Street at a dedication ceremony on Wednesday that included CEO Kevin Yeaman and mayor Edwin Lee. The company says the facility, which is located in a part of San Francisco known as the Mid-Market District, is “a working lab, a vertical village, and a place where art meets science in inspiring ways.”
See more on this remarkable new facility… [Read more…] about Dolby Labs Opens New Headquarters Building ‘Where Art Meets Science’
Krell Industries President is Out; No Word Yet on Replacement
BREAKING NEWS
Krell dealers received an unexpected and, to many of them, shocking email from Krell Industries President Bill McKiegan, who announced that Wednesday was his last day at the high-end audio manufacturer. The email (reproduced below), was short on details and gave little more than a list of contacts at the company with whom dealers should consult on any future issues.
What is going on at Krell?… [Read more…] about Krell Industries President is Out; No Word Yet on Replacement
Needing Cash, Sharp Sells its Osaka Headquarters Building
Troubled Japanese electronics manufacturer Sharp Corp. announced today that it will sell its headquarters building in Osaka, as well as an additional associated building, and the land they both stand on, in a bid to raise cash. The company says it sold the properties for ¥18.8 billion ($156.8 million) which will allow them to book a special gain of ¥14.8 billion in profit from the deal in their fiscal fourth quarter, the period ending March 2016.
See more on Sharp’s situation and this transaction… [Read more…] about Needing Cash, Sharp Sells its Osaka Headquarters Building
Reminder: Memorial Service for Len Schneider This Weekend
We wanted to post one last reminder that a memorial service for our friend Len Schneider is being held this Saturday, October 3rd at the Rutherford Congregational Church in Rutherford, NJ. Calling it a “Celebration of the Life of Len Schneider,” the family invites one and all to attend this memorial.
See more details below on the Len Schneider Memorial Service… [Read more…] about Reminder: Memorial Service for Len Schneider This Weekend
Taking Integration to a Whole New Level; Millson to Launch CinemaFrame at CEDIA Expo
Strata-gee EXCLUSIVE
Well-respected custom integrator Richard Millson, founder of Vancouver, BC-based Millson Technologies, has some 25-years of experience in high-end residential AV and automation systems installation. Many of these installations were in luxury high-rise condominium developments, trendy boutique hotels, and high-end homes. After literally tens of thousands of installations, Millson knew well the gaping holes in the market that manufacturers simply weren’t addressing.
So Richard created a new company, Millson Custom Solutions, to address these gaps. And the first product from MCS, four years in the making, is CinemaFrame – an amazing in-wall high-performance home theater solution.
See more on the remarkable CinemaFrame invisible home theater system… [Read more…] about Taking Integration to a Whole New Level; Millson to Launch CinemaFrame at CEDIA Expo
Your Company: Sell It? Take a Partner? Find an Investor?
Capital Summit @ CEDIA Expo 2015 Announced
Intrepid Investment Bankers, LLC and Stiernberg Consulting have announced that they will once again partner to host a Capital Summit in conjunction with the CEDIA Expo taking place in Dallas next month from October 14-17. This is the second time the two companies – one a middle-market investment bank and the other an industry consulting firm – have held the event which offers attendees an expert panel sharing information on a variety of issues related to capital strategies.
See more on the agenda for the Summit, including who’s participating… [Read more…] about Your Company: Sell It? Take a Partner? Find an Investor?
CEDIA: Manufacturers Hop into the Driver’s Seat
CEDIA announced last week that it has hired Vincent Bruno to take over as CEDIA’s new Chief Executive Officer, effective next month. Bruno will leave his current position as Marketing Director for manufacturer Crestron Electronics, a position he’s held for seven years, to take the CEO role at the top trade association for integrators.
