Last week found Recoton struggling to keep its head above water. This week Gemini Industries tossed the beleaguered company a rope, announcing that it had reached an agreement to acquire Recoton's consumer electronics accessories business. In support of this transaction and Gemini's growth plan, the company raised new funding from Boston-based Parthenon Capital.
It's been a rough year for the music industry—and possibly an even rougher one for audiophile labels. The Dorian Group, however, seems to be thriving. Parent company to Dorian Recordings, the Dorian Group announced last week its acquisition of Reference Recordings. During its 25 years in business, RR has consistently garnered praise from audiophiles for the sound quality of its recordings, and has scored eight Grammy nominations and two Grammy awards.
The last couple of years have been a bumpy ride for Reference Recordings. The company's troubles began two years ago this week when it was announced that it had been acquired by The Dorian Group after more than 25 years as an independent label dedicated to audiophile sonics.
Rega's new 24bit/192kHz DAC has the full complement of inputs including USB (running at 16/44) and either Toslink or Coax SPDIF. But what sets it apart at its $995 price point is the pair of Wolfson WM8742 parallel-connected DACs used in a similar configuration to the company's $9,000 Isis CD player.
The DAC also has five front panel selectable filter settings including an apsodizing filter typically found on more expensive DACs. The DAC is shipping now and comes in silver or black.
Rega has updated their compact DAC with a new remote control and three user selectable digital filters. A pair of Wolfson DAC chips inside handle digital files up to 24/192 via USB, SPDIF or optical digital inputs. There are also unbalanced analog, SPDIF and optical digital outputs on the back. Retail price is $1,195 and the DAC-R is available now.
I've spent the last month recording songs for a pal's upcoming album. His act consists of powerful female and male singers, acoustic and electric bass, and acoustic guitars and mandolin. Jay-Z is funding the project, which is destined to transform the entire hip-hop/rap beat-driven pop landscape into an acoustic-music wonderland.
Unfortunately The Beast was not in their room when I visited MSB, and only showed up later, so I asked MSB's Vince Galbo to send me some photos. MSB is the North American distributor for the Swiss-built The Beast.