Jon Iverson

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.

The music industry is facing its toughest business climate in recent memory, and slow sales are hurting not only the record labels, but music retailers as well. In the face of continuing sales declines, store closings, mergers and consolidations, layoffs, and seemingly intractable digital distribution issues, the industry came together last month for its annual National Association of Recording Merchandisers (NARM) convention and trade show in Orlando, FL.

The DVD-Audio format's been around for a couple of years, but simultaneous DVD-A and CD releases of new music have been few and far between. Warner Brothers is hoping to improve on that record with the upcoming album from Fleetwood Mac, Say You Will.

It's no secret that the music industry has added watermarking to its arsenal in an effort to restrict how audio content is used. With SACD, DVD-Audio, and now CD, audio watermarking has been used mainly for digitally stored content. But the music business also has problems with live concert bootlegs as well as bootlegs surfacing after special broadcast events.