In an announcement out of Hong Kong and reported on by Bloomberg News and others, TCL Multimedia, the large Chinese manufacturer of mostly inexpensive televisions, has announced it has obtained the rights to the Onkyo brand name which it intends to use to create Smart AV products. The company says it has the rights to the Onkyo brand globally, in all markets except Japan.
Pivot Point
Should the U.S. Government Regulate Tech?
When it comes to politics in today’s world, it is an understatement to suggest that we live in divided times. Although our founding fathers imagined passionate (but healthy) debate leading to the best possible compromise solutions – today, it seems as though our representatives are more likely to throw a hand-grenade than an idea to the other side of the aisle. But recently, a new study has come out to suggest that an issue has arisen that has brought Americans together – and it spells trouble for the tech industry.
See what a survey suggests needs to happen to the tech industry… [Read more…] about Should the U.S. Government Regulate Tech?
Options Narrowing as Gibson & KKR Talks Fail
We learned last week that talks between Gibson Brands and deal making king KKR Credit Advisors fell apart in a dispute over “the appropriate consideration for the various parties involved,” according to a statement from Gibson Brands. As yet another bail-out opportunity slips by them, Gibson Brands sees their options narrowing, with an August deadline on a required financial restructuring of more than $500 million of debt rapidly approaching.
See more on this dire situation at Gibson Brands… [Read more…] about Options Narrowing as Gibson & KKR Talks Fail
Polls: Facebook Faces a Major Trust Crisis
Stunning Reversal for Once-Loved FANG Brand
Facebook finds themselves square in the middle of a political and public relations fire storm, as news of the firms connection to Cambridge Analytica and the harvesting of the personal data on at least 50 million Facebook users, including perhaps you and I, have recently received a lot of news coverage. Now word comes via two new polls that the company’s brand has taken a serious hit in the eyes of their users and former fans.
See more on these latest polls about Facebook from Reuters/Ipsos… [Read more…] about Polls: Facebook Faces a Major Trust Crisis
A 2-Time Win-a, Wally Whinna Sells Allnet to SnapAV
A Dramatic Shift in SnapAV’s Strategy
SnapAV announced today that it has acquired Allnet Distributing, the Chicago-based distribution company owned by Wally Whinna, who years ago sold a distribution company to Ingram Micro as part of their acquisition of AVAD. This makes Whinna a two-time winner, having created two distribution companies and selling them off, likely for a handsome profit – this time to industry powerhouse SnapAV.
See more about this latest acquisition by SnapAV… [Read more…] about A 2-Time Win-a, Wally Whinna Sells Allnet to SnapAV
CEDIA Expo by Emerald, We Hit Our First Red Flag
Expo – Under New Management
Last week, I reached out to Emerald Expositions executive Brianna Morris who is one of the folks assigned to produce the new CEDIA Expo show, looking to discuss a couple of topics. The first, was to explore a couple of potential story ideas. The second was an easy and simple housekeeping question, or so I thought. But it was Morris’ response to that second simple question, that has caused me to recognize a red flag – and potentially an example of the possible downside to having an industry tradeshow owned and operated by an outside-the-industry, for-profit business.
See the red flag I stumbled across in my CEDIA Expo request to Emerald… [Read more…] about CEDIA Expo by Emerald, We Hit Our First Red Flag
So How is Amazon Go…er…Going?
Unless you live under a rock, you most likely have heard about Amazon Go, the experimental grocery store that uses technology to allow shoppers to bypass the checkout counter and simply walk out the door with their purchases. Within minutes of leaving, they receive an email of the items they left with, and the receipt with the charges to a card of their (previously registered) choice. The idea is to eliminate a signficant pain point – standing in line for the sometimes time-consuming checkout process.
But what do consumers think about the idea? You might be surprised… [Read more…] about So How is Amazon Go…er…Going?
Yet Another Investor Sues Gibson Over Soured Deal
The Plot Thickens in This Sales Triangle
Just last week, we learned that real estate investment company Somera Road filed a lawsuit in the Davidson County Chancery Court in Nashville, alleging that Gibson Brands had reneged on a deal to sell them a property known as the Valley Arts building. Now, in a report from the Nashville Post, we’ve learned that another party has sued Gibson over the same property.
See what we know about this mess Gibson finds themselves in… [Read more…] about Yet Another Investor Sues Gibson Over Soured Deal
Thiel is Toast, Specialty Audio Takes Another Hit
After a tumultuous five-year period, which began in 2012 when Thiel was sold to Tennessee private investor David B. Griffin, we can now confirm that Thiel Audio has been closed for good. Failing some kind of 11th hour rescue, another great American audio brand will be relegated to the dustbin of history.
See what we know of the closing of Thiel Audio… [Read more…] about Thiel is Toast, Specialty Audio Takes Another Hit
Whoa CES! Power Outage Plunges Show into Darkness
A News Story and a Metaphor
CTA’s marketing message for the Consumer Electronics Show (CES) this year was “Whoa!” While this is a reference to surprising innovations, it now appears that the biggest Whoa! to emerge from CES was a power blackout that hit the Central and South Halls of the Las Vegas Convention Center on Wednesday afternoon. Social media was buzzing and many show attendees posted images of the darkened halls with some of the biggest booths – Samsung, Panasonic – quite literally in the dark.
There really is nothing sadder-looking than a technology tradeshow…without power. Considering the coverage we’ve seen about CES in the general media this year, that blackout could be a metaphor about the declining power the show holds over the market these days.
