News

It was announced Friday March 29 that guitar manufacturer Gibson was to buy a majority stake in Japanese company TEAC, which manufactures audio components sold under the TEAC, Tascam, and Esoteric brandnames. From the press release: "Gibson has entered into an agreement, signed today, with Phoenix Capital in which two investment funds operated by Phoenix Capital have agreed to sell to Gibson all the shares they own in TEAC Corporation, or 157,447,000 shares, (54.4% of the issued and outstanding shares), at a price agreed between the parties of 31 JPY per share. . ."

Visitors to Montreal's annual Salon Son et Image (SSI) high performance audio show will notice some changes when the three-day event opens to the public on Friday March 22 in its customary location, Hotel Hilton Bonaventure. For starters, instead of the approximately 100 exhibit rooms encountered in 2011, and the approximately 85 last year, visitors will discover 70, including two dedicated to home theater, as well as 370 brands.

There's been a lot of concern expressed about the difficulties experienced by bricks-and-mortar audio retailers, and I guess these concerns are well founded, but some retailers continue to not only survive but thrive.

One such retailer is American Sound of Canada, located in the Toronto suburb of Richmond Hill. Owned and managed by Angie Lisi (known to all her customers as just "Angie"), American Sound was founded in 1970, and has recently opened a second location a few miles up the road, called Angie's Audio Corner, specializing in their higher-end lines. Angie's very capable assistants, Leyland and Arnold, now look after the Richmond Hill store, and Angie's Audio Corner is Angie's baby. Converted from an old residential property, Angie's Audio Corner has a more sophisticated upscale boutique vibe than the Richmond Hill store, but, with Angie in charge, the atmosphere is still welcoming rather than stuffy.

Angie's Audio Corner had an event on February 28 to introduce some of their new lines, including Joseph Audio speakers, the latest Meridian Sooloos music server, Brinkmann turntables, and Zesto Audio line stage and phono stage.