After three years in limbo, Threshold will make an official return to the audio market at the upcoming Consumer Electronics Show. The new company's initial emphasis will be on professional equipment with crossover appeal for audiophiles, according to Threshold's former national sales manager Chris English, a principal in the new venture. A name for the new company has yet to be decided.
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."
One of the more interesting displays at Home Entertainment 2001 was a small booth belonging to West Hollywood, CA–based AIX Media Group, which was manned by company president Mark Waldrep. At the show, Waldrep discussed his work in creating DVD-Audio recordings with multiple perspectives, selectable by the listener via remote control.
Last week, the Secure Digital Music Initiative announced that it would allow free MP3 downloads to co-exist with new encrypted forms of digital music transmission. Despite this, widespread concern in corporate legal departments about copyright-violation liability has prompted software developers to come up with blocking techniques to prevent pirated music from entering company "Intranets."
Engineering facilities and a finished-goods warehouse at Altec Lansing Technologies' Milford, Pennsylvania, headquarters were damaged by fire late Sunday, May 31. The blaze was said to have been exacerbated by severe weather. No injuries were reported.
The "world's largest bookstore" may be on its way to becoming one of the biggest music stores, too. Two weeks ago, Amazon.com began a big push into CD retailing, more than doubling the number of its musical offerings to over 100,000 titles. (Competitor CDnow offers over 500,000 titles.) Visitors to the Amazon website can now click on a tab that will take them to a new music site, where they can listen to audio previews and read reviews, reprints of articles on bands and musicians, and music-industry news.
Digital radio company American Mobile Radio Corporation announced last Wednesday that it has exercised a $52.9 million option to upgrade its satellites. The move will potentially double the channel capacity of AMRC's nationwide satellite-direct audio radio service (SDARS), scheduled for the year 2000.
Former PolyGram Music Group president Roger Ames has been named to head the Warner Music Group, parent company Time Warner announced August 16. Warner's music division, formerly the top domestic money-earner, has been stagnant in the past few years. Still one of the top five music conglomerates, it now trails Seagram's Universal Music, Bertelsmann AG, and Sony Music in total business, but retains the #2 spot in total number of albums sold, according to the Wall Street Journal. Warner's foreign business is far weaker.