Music Trades' Brian Majeski on CNBC
Expanding on his recent Wall Street Journal op/ed, Music Trades Editor Brian Majeski joined Rick Santelli of CNBC for an interview on government regulation of the music industry. Watch the interview, or read the Wall Street Journal piece here.
Business Was Better, But Caution Prevails
The sales gains in 2014 were the biggest a decade, but memories of the financial meltdown are still fresh, and competition is razor sharp, which has dampened enthusiasm among the industry’s top retailers
Revenues of the largest 200 music products retailers edged up 3.4% in 2014 to $5.2 billion, slightly outpacing industry revenues which were up 3.3% for the same period. Market share also advanced to a record high of 74.4%. This marks the fifth consecutive year... READ MORE
Best Summer NAMM Since 2006!
Attendance and exhibitor participation edged up and Nashville continues to be the venue of choice. But what does it mean for fourth-quarter sales?
Based on the official numbers, NAMM’s Nashville Summer show was up. Registration clocked in at 13,936, up 13% over last year, and the exhibitor count advanced 12% to 494. The gains weren’t... READ MORE
Ovation To Restart U.S. Production
Drum Workshop has signaled its commitment to the Ovation brand with a decision to restart U.S. production of the distinctive Roundback guitar. Machinery, finishing equipment, and assembly lines are currently being reactivated... READ MORE
Southpaw Guitars Marks 35th Anniversary
If you are left-handed, Southpaw Guitars in Houston, Texas is your candy store, a place to sample high-quality and vintage electrics and acoustics from the industry’s leading brands. This year, Southpaw Guitars is celebrating 35 years in business. Founded by... READ MORE
A Closer Look At The Top 200: Music Retail Isn’t A Business For The Weak-Hearted
60% of the leading retailers who graced our first industry sales ranking in 1991 are no longer doing business. 14 of the top 25 retailers on this year’s list hadn’t even gotten started. Is this high turnover rate something new, or just the nature of retail?
From one year to the next the Top 200 sales ranking doesn’t appear to change that much. Since the report’s first publication in 1991, Guitar Center has occupied the top spot, followed by Sam Ash Music. Retailers like Washington Music, American Musical Supply, and Steinway Hall have also figured prominently in the list. Look more closely and the roster captures... READ MORE