Measuring Music Products Revenues For 2017
An improving economy helped the industry post its best “post financial meltdown” results. Price hikes also contributed for the first time in over a decade.
The retail value of music products advanced 4.1% in 2017 to $7.4 billion, matching the pre-financial crisis level of a decade ago. The products that are grouped under the “music products industry” banner are a diverse group, running the gamut... READ MORE
Rising Tide Lifts All Ships
The industry’s leading suppliers benefited from an improving economy last year, helped along by innovative new products.
People who make a living parsing the reams of economic data produced by government agencies and various think tanks conclude that the world is in pretty good shape at the moment. Despite the overwrought political rhetoric, citizens on every continent... READ MORE
Guitar Center Posts Improved Holiday Results, Refinances Debt
Plans 8 New GC Stores And 20 Music & Arts Locations
Guitar Center is set to refinance its debt with a proposed $635 million bond offer, with a 2021 maturity date. Proceeds from the sale will be used... READ MORE
Could Ownership Of Gibson Change?With $375 million bond issue coming due, creditors are pressing for an ownership stake in the fabled guitar maker, but longtime CEO and major shareholder Juszkiewicz is resisting.
Gibson CEO Henry Juszkiewicz and a group of bond holders headed by the financial firm KKR are currently engaged in high-stakes negotiations that will determine the future ownership of the famed guitar maker. At issue is... READ MORE
Steinway Reports Record Results At Annual Dealer Meeting
Growth In China And Strong Spirio Sales Fuel Success
Steinway & Sons dealers from North and South America convened in Chicago on March 5-6 for two days of training and product introductions as well as a gala dinner event to celebrate the company’s 165th anniversary. The anniversary celebration also included... READ MORE
Fender Debuts Pedal Collection
Using the “artist-centric” approach that led to top-selling guitars and amps, Fender tackles the effects market with a unique new product offering
Did Fender really need a pedal line? All things considered, probably not. So why build one? In short: the Fender team felt they could take the segment to a place it hadn’t gone before, and they believed they had... READ MORE