We’re back in NC from our trip to the NAMM Show last week. Although we posted a lot of pictures, we left out much of the business that went on, so here’s wrap-up of the business end of things…
The economy may be shaky, but manufacturers including Peavey, Hal Leonard, Daisy Rock, Roland, and The Music People, among many others, reported having an extremely busy show.”This industry is recession proof,” declared Scott Davies of American DJs.
D’Addario announced the opening of its brand-new distribution facility in Farmingdale, NY. The new facility implements a variety of systems and capabilities, including increased square footage—from approximately 48,000-square feet within two buildings to over 52,000 square feet contained within one building.
Gibson Guitar and TC Group announced merger plans.
“This merger will revolutionize the music industry for many years to come,” said Henry Juszkiewicz, chairman and CEO of Gibson. “The synergy between the two companies will allow us an enormous advantage in the development of the new audio technologies and bring together two of the world’s most powerful brands.”
“Technology and music are coming together,” said Fauerskov. “Gibson is a great guitar, and we can bring our audio technology to their product. We are very happy with the merger.”
TC Group includes TC Electronic, TC Helicon, Dynaudio Acoustics, and Lab.gruppen. TC offers a number of pro audio technology,amplifiers, speakers, digital processors, and guitar pedals.
Finally, Roland has reached an agreement to acquire a major share of Cakewalk, developer of music creation and recording products. New products will be branded “Cakewalk by Roland.”
The two companies have been partners since 1995, and have worked together on many projects. In 2003, Roland augmented its strategic partnership with Cakewalk by becoming a minor shareholder in the corporation. As a part of that relationship, Roland gained exclusive worldwide sales distribution rights, with the exception of the United States, which was still handled by Cakewalk.
You can always see pictures of the show here. Thanks for checking out our blog and stop by any Progressive Music Center anytime!