Strategy in TECH...
Thiel Audio, in a series of press releases on their website, announced multiple new products to be launched at this week’s CES in Las Vegas. Some of these new products are being launched under the Thiel brand name, while others are being offered under the Aurora brand – a brand that was originally created for a 4K music venue at the company’s headquarters in Nashville, TN.
This launch represents what the company hopes will be the next chapter in the troubled brand’s long-running saga.
Korea’s ETNews network is reporting this week that, after weeks of negotiation, LG Display and Sony have signed a comprehensive deal for the supply of OLED panels to be used in new Sony OLED TVs. The deal has been rumored for several weeks now, but ETNews has confirmed that a supply contract has been signed between the parties.
GoldenEar Technology announced this week that it has expanded its sales team with the addition of Christopher Volk. Volk, said to be a longtime A/V veteran, will take the position of Eastern Region Director of Sales for GoldenEar, effective immediately.
Toshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made by its U.S. unit, Westinghouse Electric. The acquisition was related to the construction of two nuclear power plant projects being built in the U.S. as the company made a big bet on a nuclear renaissance in the U.S. power structure – a bet that is not paying off.
Kramer Electronics, a maker of hardware-centric control solutions for the commercial audio/visual market, has acquired Detroit, MI-based iRule, a fast rising provider of software-based home control and automation solutions – including their OnControls residential line – in a private transaction that closed last Friday, December 23rd. The terms of the deal, including valuation, were not disclosed, but iRule co-founder and CEO Itai Ben-Gal told us this deal was the logical conclusion to a now multi-year relationship between the companies.
We’ve been reporting lately on the growing popularity of voice control. Driven largely by the introduction of Amazon’s Echo in 2014, which featured a dramatic improvement in performance over previous hands free systems like Siri, voice control has been picking up momentum with consumers and attracting new competitors like Google with its Home model, and soon Microsoft with Cortana.
But news services are reporting that Amazon has sold out of the Echo right in the heart of the holidays. Not good…
Just days after we told you about Sharp’s decision to stop supplying LCD panels to global TV leader Samsung – a decision that shocked many in Japan – apparently, they’ve done it again. The Nikkei in Japan is reporting that panel pricing negotiations have apparently broken down between Sharp and China’s Hisense Group with the parties unable to agree on a fair price. As a result, Sharp has notified Hisense it will also stop supplying them with panels in 2017.
The media in Japan positively exploded this week with the shocking news that Sharp has notified Samsung it will no longer supply the world’s top seller of LCD TVs with the panels they need for their sets. Samsung was Sharp’s largest customer, but in a shocking power move, after negotiations broke down – Sharp said no deal.
In a reorganization at Nortek, Core Brands, previously a freestanding, underperforming segment of the company, has been moved under the control of Nortek’s Security and Control Solutions Group, it was announced internally this week. With this change, Core Brands President Joe Roberts will now report to SCS Group’s President Michael O’Neal.
HiFiMan, the specialty maker of high-end headphones and portable music players, announced this week the launch of a “premium” electrostatic headphone system that they call Shangri-La. Calling it a “cost-no-object experience,” the Shangri-La system is priced to sell for $50,000 at retail. The price of paradise appears to have risen lately.
