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Upfront

Gibson Set to Acquire Cakewalk

Christian Wissmuller •
  • Upfront
• September 24, 2013

Adding to a growing – and at this point sizable – list of recent acquisitions of MI operations outside of the guitar realm, Gibson Brands is poised to take control of Cakewalk, Inc.

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Gibson to Acquire Cakewalk Inc.

hoff •
  • Upfront
• September 23, 2013

Gibson Brands has entered into a letter of intent with Roland Corporation and Cakewalk, Inc. for Gibson to acquire Cakewalk pursuant to definitive acquisition agreements to be negotiated by the parties. According to Gibson Brands Chairman and CEO Henry Juszkiewicz, “If imitation is the sincerest form of flattery, Cakewalk must be very flattered that so many of their innovations have become industry standards. As an addition to the Gibson Pro Audio Group, Cakewalk will enhance their flagship professional products, pursue provocative R&D initiatives, and continue to serve the needs of musicians and producers world-wide.”

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Hal Leonard New Distribution Hub for JamHub

Christian Wissmuller •
  • Upfront
• September 19, 2013

Hal Leonard has inked a deal with JamHub Corp. to exclusively distribute their systems and accessories to the US MI trade beginning on October 1st. Hal Leonard senior VP of Sales Doug Lady reached the agreement with JamHub president and CEO Steve Skillings.

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Paulson & Co. Announces Completion of Acquisition of Steinway

Christian Wissmuller •
  • Upfront
• September 19, 2013

 

On September 19, an affiliate of investment firm Paulson & Co. Inc. (“Paulson”) and Steinway Musical Instruments, Inc. (“Steinway” or the “Company”) (NYSE: LVB), announced the successful completion of Paulson’s acquisition of Steinway.

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PreSonus Acquires Notion Music

hoff •
  • Upfront
• September 19, 2013

PreSonus® has acquired the assets of Notion Music, Inc., a leading developer of music-notation software located in Greensboro, North Carolina. Notion Music's products include the award-winning Notion™ 4.0 composition software (Mac®/Windows®), Notion for iPad®, Progression 2.0 guitar-tab editing software (Mac/Windows), and Progression for iPad.

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Utah’s Best in Music Celebrates 24 Years

Christian Wissmuller •
  • Upfront
• September 19, 2013

In early September, Best In Music celebrated its 24th with a huge sale and drawing, as well as a free Lanikai-sponsored uke circle and open mic uke competition. 

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NAMM Signs Five-Year Commitment with Anaheim

Christian Wissmuller •
  • Upfront
• September 18, 2013

It’s being reported that the Winter NAMM Show will continue to be held at The Anaheim Convention Center for the foreseeable future. 

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Korg Named Exclusive North American Distributor for Ashdown

Christian Wissmuller •
  • Upfront
• September 13, 2013


Effective immediately, Korg USA has taken on exclusive distribution for Ashdown Engineering in the U.S. and Canada. Korg USA will distribute Ashdown's bass amplification and effects products, acoustic amplification products, and the Dr. Green brand of guitar and bass effects pedals.



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Steinway Announces Early Termination of HSR Waiting Period

Christian Wissmuller •
  • Upfront
• September 5, 2013

On September 5, Steinway Musical Instruments, Inc. (the “Company”) (NYSE: LVB) and investment firm Paulson & Co. Inc. (“Paulson”) announced that the Federal Trade Commission (the “FTC”) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), relating to the previously announced proposed acquisition (the “Acquisition”) of all outstanding shares of common stock of the Company by Pianissimo Acquisition Corp. (“Purchaser”), an affiliate of Paulson. Accordingly, the condition to the closing of the Acquisition with respect to the expiration of the applicable waiting period under the HSR Act has been satisfied.

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Guitar Center Names Joly President of Musician’s Friend

Christian Wissmuller •
  • Upfront
• September 4, 2013

Guitar Center has named longtime GC executive Gene Joly as the new president of its Musician’s Friend (MF) division. MF is the largest direct-response retailer of musical instruments and professional audio equipment in the U.S. The announcement was made by Mike Pratt, Guitar Center CEO.

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NAMM Founation Awards GAMA Grant Support

Christian Wissmuller •
  • Upfront
• September 3, 2013

Guitar & Accessories Marketing Association (GAMA) is one of 21 recipients selected to receive grant support from The NAMM Foundation. The funding will allow GAMA to continue to offer participatory music programs that increase exposure to music making and its myriad benefits to  school music educators throughout North America. The NAMM Foundation annually allocates $500,000 in funding to support innovative music-learning programs, with the goal of expanding access to active music making.

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Hal Leonard to Distribute Digital Publications from Kendor

Christian Wissmuller •
  • Upfront
• September 3, 2013

Digital products from Kendor Music, Inc. will now be exclusively available via Hal Leonard Corporation’s network of websites, apps and eBooks.

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