Upfront

Upfront

Fender Musical Instruments Corporation (FMIC) has announced that it has completed an asset sale of the KMC Music wholesale distribution business including the trade name B & J Music, and certain proprietary brands to JAM Industries, Ltd. JAM Industries is one of the largest global leaders in the MI, Pro Audio, and Consumer Electronics wholesale distribution business.

KMC Music is one of the largest independent distributors of musical instruments and accessories, and is a leading wholesaler of musical instruments, accessories and lighting equipment. FMIC will provide short-term transitional support as part of the transaction. Financial and other terms of the deal are not disclosed.

Read more: FMIC Sells KMC Music Wholesale Distribution Business to Jam Industries

Upfront

Sweetwater has announced another record year in total sales and job creation, plus a significant expansion of its campus in Fort Wayne, Indiana.

Since 2010, Sweetwater’s total sales have more than doubled. Total sales in 2014 were up 28 percent over 2013, which was also a record-breaking year. December 2014 sales were up 30 percent over December 2013. Black Friday and Cyber Monday both shattered all previous records, and the company sold more than 71,500 guitars in 2015, up from just over 50,000 guitars in 2013. Drums and pro-audio were two more of the many product categories that saw growth at an incredible pace.

Read more: Sweetwater Announces Record Year of Growth and Campus Expansion

Upfront

MMR received the following from Guitar Center's recently appointed Executive VP of Marketing, Michael Amkreutz, on January 29th:

Dear colleagues, associates and friends in the industry


After a comprehensive evaluation of our staffing levels, including a detailed benchmarking of staffing levels by function and department compared to similar size specialty retailers, Guitar Center’s leadership team made the difficult decision to reduce corporate and field supervision staff. The reduction included less than one percent of the overall workforce and consisted of reductions at the corporate offices in Westlake Village and field management positions. This action was designed to create a more effective and efficient organization and was based on functional area. Despite this reduction, we continue to actively recruit for a variety of positions in Westlake Village that are matched with the needs of our ongoing growth plans.

 

Read more: Statement from New GC Executive VP Regarding Staff Movements

Upfront

Backun Musical Services Ltd., manufacturer of world-renowned clarinets and woodwind accessories has signed an agreement for the exclusive distribution of its products in China. The recent agreement caps a year of unprecedented growth for the company, based in Burnaby, BC, Canada.

Backun Musical has partnered with Sodiam Co. Ltd., based in Beijing, China. Previously the exclusive distributor of Buffet Crampon products in China, Sodiam will leverage its vast dealer, artist and educator network to bring Backun clarinets and accessories to its economically diverse and growing market.

Read more: Backun Partners with Sodiam for Exclusive Distribution in China

Upfront

Yamaha's John Schauer, Nithin Cherian, and Tom Sumner recieve the trophy for "Sound Reinforcement Line of the Year" from MMR executive editor Christian Wissmuller - one of four Dealers' Choice Awards won by the company this past December.

Upfront

Robert Clyne of Clyne Media with Guitar Center's vice president of communications & corporate affairs Christopher Ian Bennett and newly appointed EVP of merch, marketing, and ecomm Michael Amkreutz.

Upfront

MMR publisher Terry Lowe presents NAMM's Mary Luehrsen with the Don Johnson Industry Service Award in Anaheim on Saturday afternoon.

Upfront

At its Annual Meeting of Members, held January 24 during the 2015 NAMM Show, the National Association of Music Merchants (NAMM) named eight new music industry professionals to its board of directors. The NAMM Board provides leadership, counsel and direction to NAMM, the NAMM Foundation, and the global music products industry.

In welcoming the eight incoming industry leaders, chairman Larry Morton expressed his confidence in the expertise and dedication of the new directors. “We are delighted to welcome these successful and respected professionals to the NAMM Board,” said Morton. “They represent a diverse cross-section of our NAMM Membership and they will bring their unique market perspectives to help us lead the organization forward. We’re very grateful that they are willing to make this commitment on behalf of our NAMM Members and the industry at large.”

Read more: Eight New NAMM Board Members Elected

Upfront

Craigie Zildjian receives her trophy at this year's SheRocks Awards held during the NAMM Show in Anaheim.

Upfront

The Chauvet DJ team with the hardware for the company's "two-fer" Dealers' Choice Award wins.

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