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Current Issue:
JUNE 2018

 

 


MAY 23 I ROLAND
I EVENT
Roland Expands
V-Drums Range

In a dramatic expansion of the V-Drums line, Roland launched its next generation of electronic percussion focused on looking, feeling and sounding more like acoustic drum sets with wide-ranging sonic possibilities. {more}

MAY 21 I PMC I EVENT
PMC Announces 'Last Call'
for Vans Warped Tour

The Percussion Marketing Council (PMC) is offering retailers a chance to partner with Vans Warped Tour to promote the benefits of drums and drumming to the attendees that gather at each tour city. {more}

MAY 14 I SHURE I TOUR
Shure Opens Chicago Office
Music Inc. gets a tour of Shure's new 35,000-square-foot office at 125 S. Clark Street in Chicago. {more}

MAY 14 I YAMAHA GUITAR GROUP I COMPANY
Yamaha Forms US-based Yamaha Guitar Group
Yamaha has announced the formation of a new U.S.-based wholly owned subsidiary, Yamaha Guitar Group Inc. {more}

MAY 11 I YAMAHA GUITAR GROUP I ACQUISITION
Yamaha Guitar Group Acquires Ampeg
Yamaha Guitar Group, the newly formed U.S. subsidiary of Japan-based Yamaha Corporation, has acquired the Ampeg brand from Loud Audio. {more}

MAY 4 I GIBSON BRANDS I COMPANY
MI Leaders Respond to Gibson's Chapter 11 Filing
In the aftermath of a tumultuous week that saw Gibson Brands file for Chapter 11 bankruptcy protection, industry leaders took time to comment on the future of the company. {more}

MAY 3 I GIBSON BRANDS I COMPANY 
Gibson's Trail of Creditors
When Gibson filed for Chapter 11 bankruptcy protection on May 1, the company showed a trail of debt that included names very familiar to the musical products industry. {more}

MAY 2 I GIBSON BRANDS I COMPANY
Gibson's Statement on Bankruptcy Filing
Upon filing for Chapter 11 bankruptcy petition yesterday, Gibson Brands announced it will be refocusing the company on the manufacturing of musical instruments and professional audio products. {more}

MAY 1 I NAMM FOUNDATION I EVENT
NAMM Announces Top 100 Dealers
NAMM has announced the list of MI retailers to be honored at the organization's Top 100 Dealer Awards at the Summer NAMM Show on Friday, June 29. {more}

MAY 1 I OBITUARY
Vince McBryde Dies
Vince McBryde, former NASMD president and longtime MI industry veteran, passed away on April 26. He was 77 years old. {more}

MAY 1 I GUITAR CENTER I COMPANY
Guitar Center Gets Relief, for Now
Guitar Center Inc., the largest retailer in the musical products industry, received some fiscal flexibility in April by completing the restructuring of nearly $1 billion in bond debt that was scheduled to come due in 2019 and 2020. {more}

MAY 1 I PECKNEL MUSIC I OBITUARY
Former NASMD, NAMM President Passes Away
Nick Peck, past president of both NASMD and NAMM, passed away on April 28. He was 84 years old. {more}

MAY 1 I GIBSON BRANDS I COMPANY
Gibson Files for Bankruptcy
Gibson Brands filed for Chapter 11 bankruptcy protection today.
An article filed by Bloomberg stated that bankruptcy would offer Gibson protection from creditors with a turnaround plan that "gives some of the company's lenders equity ownership." {more}

APRIL 10 | HAL LEONARD I ACCQUISITION
Hal Leonard, Music Sales Group Enter $50M Deal
Hal Leonard has purchased the physical and online printed music businesses of global independent music publisher, The Music Sales Group. On April 5, Milwaukee Journal Sentinel reported that the deal was for about $50 million. {more}

APRIL 10 | GUITAR CENTER I COMPANY
GC Announces Successful Early Tender Results
Guitar Center has announced the early tender results for its previously announced exchange offer and consent solicitation to exchange its existing 9.625 percent senior unsecured notes due 2020, of which there are currently $325 million aggregate principal amount outstanding, for 5 percent cash/8 percent payment-in-kind notes due 2022. {more}

APRIL 10 | REVERB I APPOINTMENT
Reverb Hires Former Gibson Executive
Reverb has hired Gérard Danjou, former executive vice president of global business development at Gibson Brands, to drive international growth. {more}

APRIL 10 I LOWREY I MOVING
Lowrey Plans Relocation to LA
Lowrey has announced plans to relocate operations from its current Chicago-area facility to Los Angeles. {more}

MARCH 30 | ST. LOUIS MUSIC, ANTIGUA WINDS I DISTRIBUTION
St. Louis Music Distributes Antigua Winds
St. Louis Music has acquired the distribution of Antigua Winds in North America, effective May 1, 2018. {more}

MARCH 14 I JODYJAZZ I ACQUISITION
JodyJazz Acquires Chedeville
JodyJazz has acquired Chedeville, a clarinet and saxophone mouthpiece company. {more}

MARCH 13 I GUITAR CENTER I RATING ACTION
S&P Downgrades Guitar Center's Ratings
Standard & Poor's downgraded Guitar Center's corporate credit rating to CC from CCC-minus in a report released March 12. The ratings agency lowered Guitar Center's rating after the company announced refinancing transactions for its secured debt and an exchange offer for its unsecured notes. The outlook is negative. {more}



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