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NY Attorney General Files Action Against B&H Photo Video Alleging Multi-Million Dollar Tax Dodge

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Whistleblower Notified Authorities

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New York State Attorney General Letitia James has filed a lawsuit against B&H Photo Video alleging that the NY retailer has operated a scheme to avoid paying the State of New York millions of dollars in taxes on money earned from manufacturer reimbursements. The State says B&H violated New York Tax Law, New York Executive Law, and the New York False Claims Act, and for this reason is asking the court for treble damages that are potentially in the tens of millions of dollars.

See more on the NY AG vs. B&H Photo Video…

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No Josh-ing, AudioControl & Josh.ai Partner for a Better User and Integrator Experience

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AudioControl and Josh.ai partner with an integration

AudioControl and Josh.ai announced last week that they were partnering with an integration that will allow integrators to offer their clients a better voice-enabled home entertainment control experience. A perfect blend of the high-quality electronics from AudioControl, coupled with the natural language and privacy protecting voice automation technology of Josh.ai, means clients can simply say their commands to their system and have their system respond in new powerful ways.

See more on this new AudioControl and Josh.ai integration…

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Onkyo to Slash Overall Company Headcount by 30%, Cutting Management by 50%

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Also: Consolidating Facilities & Moving Headquarters

Onkyo logo

It appears that the other shoe is dropping in the wake of the failed acquisition of Onkyo Corporation’s branded A/V division by Sound United last month, as the company now says it will reduce its overhead by cutting jobs. This appears to be the first step in a major reorganization of the company, as it seeks to right-size the organization for the industry’s new, smaller, and more competitive environment in which electronics manufacturers find themselves.

See more on Onkyo’s restructuring…

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In Wake of Its Acquisition by Control4, Amina Splits Off from Triad Partnership to Go It Alone

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Amina Technologies' Keith Vanderkley at the 2019 CEDIA Expo

UK based Amina Technologies, manufacturer of so called “invisible speakers,” had for years been in a partnership with Triad who distributed their line. Yet in the wake of Triad’s acquisition by Control4, Amina ultimately chose to split off and go it alone – launching their independent sales effort at CEDIA Expo 2019.

See more on Amina’s line of invisible speakers…

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Private Equity Giant Apollo Global Management Acquires Tech Data in $5.4B Buyout

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Tech Data logo

Tech Data, one of the largest technology distributors in the U.S. and globally, has been acquired by Apollo Global Management, a private equity powerhouse, in a deal valued at $5.4 billion. The deal announced today, is expected to close by mid-2020.

Read more on this mega-deal with Tech Data

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As Recession Fears Recede, Consumers are in the Mood to Spend Big This Holiday Season

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Photo of holiday shopping from Gallup

A new poll from Gallup suggests that consumers are in the mood to spend – and spend generously – at the upcoming holiday season. How much will they spend? What percentage of Americans say they’ll spend less? Or more? Read below to see the results of this surprising poll…

Gallup’s poll suggests a couple of consumer spending records coming…

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Toshiba Launches Consortium of 100 Companies to Drive ‘Internet of Things’ Market

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Photo of Toshiba Corp.'s headquarters in Tokyo
The Toshiba Corp. headquarters stands in Tokyo, Japan, on Tuesday, April 3, 2018. Photographer: Tomohiro Ohsumi/Bloomberg

Toshiba Corp. announced this week that it has launched a large consortium of more than 100 companies in Japan for the purpose of creating new services and products to attack and drive the growth of the Internet of Things (IoT) market. Consortium participants are companies of varying size and capabilities that cover the entire spectrum of the market.

Learn more about the new Toshiba IoT consortium…

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Origin Acoustics Announces an Executive Promotion and Appoints a New CMO

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Origin Acoustics logo

Origin Acoustics announced this week that it has promoted current Sales VP Marc Fisher to the unusual title of President of Sales. The company also the appointment of John Marchionda as Chief Marketing Officer (CMO).

See more on the Origin personnel moves…

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Control4 Launches 1st Product of Neeo Acquisition – A Slim Handheld Remote Control for OS3

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Control4 announced today the launch of the Neeo Remote for Control4, the first product from their acquisition of the Swiss company Neeo back in February 2019. This new Neeo remote control is optimized to work seamlessly with Control4’s OS 3 operating system, offering another elegant system control interface.

See more on the new Neeo remote control…

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Classé to Launch New Delta Series Line in Triumphant Return to the Market

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BREAKING NEWS

Classe Delta Series Preamplifier/DAC
New Delta Series Preamplifier/DAC [Click to enlarge]

With almost two years away from the market after their acquisition by Sound United in January 2018, Classé says it will return to the audiophile electronics market in January 2020 with the launch of their new even more upscale Delta Series line consisting of two new amplifiers and one new preamplifier/DAC. But after so long away, what will it take for the company to re-establish the brand?

See more on the return of Classé…

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