On Tuesday, May 5, beleaguered Carver announced that it had received a financial transfusion of almost $400,000 and that it would make a move into direct marketing in an attempt to bolster flagging sales. The Woodinville, Washingon-based company announced in a press release that it "had closed a sale of 3,000,000 shares of restricted Common Stock of the Company to one of its preferred shareholders, Renwick Special Situations Fund, L.P., for $375,000, or $0.125 per share."
The numbers are up for CDnow. The world's largest online music retailer reported April 30 that its first-quarter sales increased 288% over the same period in 1997. The company took in $10 million in revenue through the period ending March 31, an increase of 26.4% over the previous quarter, in which revenue totaled $7.9 million.
On May 1, Niles Audio Corporation, Inc., manufacturer of audio/video custom installation components, announced that it had "successfully defended its indoor/outdoor speaker line against would-be imitators."
The Experience Music Project (EMP), a 130,000-square-foot interactive music museum opening in Seattle in 1999, announced on April 30 that it has acquired 19 recently discovered audio tapes of rare Jimi Hendrix recordings from 1969 and 1970.
Just about a month away, HI-FI '98, The Home Theater & Specialty Audio Show, will interest thousands of audio enthusiasts when it visits The Westin Los Angeles Airport Hotel in Los Angeles, California from Wednesday, June 10 to Sunday, June 14, 1998.
Remember when you weren't too busy to make your own cassette tapes to play in the car? How you could link one song to the next by genre or theme or beat or musical key? Remember how much more satisfying it was to listen to those tapes than it was to listen to the radio? No commercials, no announcers, no filler---and you liked every tune.
The next generation of streaming media technology was unveiled last week at RealNetworks' Conference '98 in Burlingame, California. The star of the show? "Bandwidth-friendly" RealPlayer G2, which promises to make noisy audio and glitchy video a part of the Web's past.
Questions for music lovers: 1) Have you been racking your brain trying to remember who recorded Ruby Vroom? 2) Do you know how many Tim Hardin recordings are available on CD? 3) Which album featured Head East's "Never Been Any Reason," considered by some connoisseurs the greatest rock song ever?
Is it merely the tip of the iceberg, or a temporary diversion? Hard to say just yet, but a recent report from the Consumer Electronics Manufacturers Association (CEMA) suggests that increasing numbers of folks are using their PCs in place of, or in addition to, regular audio systems.
On April 15, ASCAP (American Society of Composers, Authors and Publishers), the music performing-rights organization, and Liquid Audio, a developer of secure online music delivery systems, announced a strategic alliance to protect ownership of music on the Internet. According to a Liquid Audio press release, the initiative encourages, streamlines, and simplifies music-rights licensing and reporting, and will benefit website creators as well as music writers, publishers, and composers.
Everyone claims "CD-quality" sound over the Internet these days, but the reality always seems far short of that promise. As a result, work continues to develop an encoding scheme worthy of the CD-quality title. Recently we reported on developments at AT&T regarding the a2b format, and both Liquid Audio and RealNetworks compete on a weekly basis to grab headlines for their audio technology announcements.