Strategy in TECH...
We told you last week about a shocking email received by a Sony dealer which proclaimed in a bold headline that “Sony Technical Support is now terminated.” This seemed to us like a pretty big deal, and yet we could find no official announcement surrounding this email. We dug deep and found sources who told us a hazy and vaguely troubling story that sounded as though the company may be going through some kind of reorganization of its support services.
D+M Group (formerly D&M Holdings), continues their program of divesting businesses it determines are “non-core” to the company’s central focus on the consumer-based Denon, Marantz and Boston Acoustics brands. This week, we learned that the company has cut a deal to license the professional products businesses done under both the Denon and the Marantz brand names to inMusic Brands, Inc.. This move closely follows the announcement last month that the company was selling off the Calrec Audio business to Electra Parters.
Alpine Electronics will be the first of ultimately several companies to offer a in-car infotainment system based on Apple’s CarPlay system according to a report late last week by the Nikkei. Alpine’s system, which will likely be replicated by others, allows drivers to listen to music, view maps, as well as access other iPhone capabilities.
J&R Music World has announced that it will close its Manhattan store location today. The announcement is likely a surprise to consumers – but those in the industry in the New York Metro market are not surprised. J&R has been struggling for years, starting with a major push down a slippery slope in the wake of the September 11, 2001 World Trade Center terrorist attacks which were close enough to damage their location in lower Manhattan.
No…we’re not joking. This week, a Strata-gee SYNCH reader sent us a copy of an emailed dealer notification (see it below) from Sony. At the top, the email sported a large, bold, black Sony logo. And the headline centered under that logo? “Sony Technical Support is now terminated.”
Just about every dealer and integrator (and manufacturer, for that matter) is acutely aware of how popular streaming music is with their clients/customers. Now, new industry statistics, reported on by market researcher eMarketer, provides a dramatic indicator of just how popular streaming music has become. And it is likely much more popular than you could imagine.
We learned last week that D&M Holdings, also known as the D+M Group, sold off its Calrec Audio brand to Electra Partners, a London-based private equity company. D&M received £14 million ($23.1 million) for Calrec, a designer of premium audio products and live-to-air consoles for the broadcast market. The move is part of a plan to divest itself of all non-core businesses, CEO Jim Caudill has said in press reports.
Japan Display, Inc., the largest manufacturer of LCD displays for smartphones and tablets in Japan, launched their initial public offering (IPO) on Wednesday this week amid great anticipation. It was a big listing – with a total value of $3.2 billion, it was the biggest IPO since Suntory’s food-and-beverage unit raised $3.9 billion in 2013.
Savant Systems announced today that it has appointed Mike Kavanaugh as its Sales Director for the West Coast effective April 14, 2014. Kavanaugh, a well-known and prominent custom integration rep, is the principal of MK Marketing, a successful 20+ year sales representative company based in Southern California.
JVC Kenwood Corporation announced the final results of their voluntary early retirement solicitation first announced late last year. This solicitation was offered as part of a comprehensive effort to turn around the company’s flagging fortunes and included many steps to cut overhead and improve profitability – such as this effort to cut employment by incentivizing employees to leave the company.
