Industry Roundup
Warner Music Group rebounds: WMG announced Thursday August 19 that it was near completion of a major corporate restructuring, a move expected to save as much as $250 million annually. WMG had originally projected savings of $60 million per year. Earlier this year, the company was acquired by an investment consortium led by Edgar Bronfman, Jr., scion of the Seagram family of Montreal and former chief of Universal Music.
Industry Roundup
Two-channel lives: Once the bread-and-butter of electronics retailers everywhere, the two-channel receiver has become all but extinct. Rotel America is making a valiant effort to save this endangered species with its new RX-1052, a remote-controllable 100Wpc unit claimed to offer "audiophile-grade sonics"—it includes a phono preamp, and a "massively overbuilt" power supply—with versatile four-area multiroom/multizone capabilities and basic video-switching features. Whole-house system integration is made easier via three IR links and 12V trigger outputs. An RS-232 interface connects to touchscreens and other media controllers, and provides an upgrade path for the unit's firmware. Available with either matte black or black-and-silver front panels, the RX-1052 goes on sale in October at a suggested price of $899.
Industry Roundup
Satellite radio goes high-end: Beginning early next year, Krell">http://www.krellonline.com/">Krell Industries will enter the booming market for satellite radio receivers with an XM Radio tuner. The $4000 unit will reportedly also receive traditional AM and FM broadcasts; an optional module will let it stream Internet audio via 802.11g wireless connection to a broadband modem, according to the September 27 edition of This Week in Consumer Electronics (TWICEhttp://www.twice.com">TWICE;). The tuner will join Krell's line of custom installation products. In a similar but less expensive vein will be new Sirius tuners from Russoundhttp://www.russound.com/">Russound;. At $699 and $999, the two new models will also include AM/FM tuners.
Industry Roundup
Credit-card amps: Miniaturization could change the look and feel of many audio products. On October 29, Austin, TX–based D2Audiohttp://www.d2audio.com/">D2Audio; announced its new line of MXS amplifiers, each only 1.5" tall with a footprint no bigger than a credit card. Intended for use with in-wall or on-wall loudspeakers, MXS amps can deliver up to 125Wpc into 8-ohm speakers or up to 250Wpc into 4-ohm speakers, with THD+N of <0.1% at full-rated power from 20Hz to 20kHz. Dynamic range is specified at "up to 145dB." The tiny digital amplifiers have programmable DSP features and 93% power efficiency, thereby eliminating the need for large heatsinks, and are said to sound as good or better than many traditional designs. Two-channel modules can also be used for bi-amping, according to the manufacturer.
Industry Roundup
Karmazin joins Sirius: The satellite radio service gained some serious traction in its recent acquisition of former Viacom, Inc. president Mel Karmazin. Just one month after signing "shock jock" Howard Stern to a multimillion-dollar contract, Sirius signed Karmazin to a five-year contract, bringing him in as its new chief executive officer. Joseph Clayton will relinquish the CEO title but remain chairman of the board. Karmazin departed Viacom in June and began discussions in earnest with Sirius after the satellite service landed Stern, in a move Karmazin described as "brilliant." Karmazin had previously dismissed the potential of satellite radio, but now believes it could be huge—larger, perhaps, than the growth he helped nurture at Infinity Broadcasting, which he took from a few stations to more than 200. Sirius stock rose more than 10% on the day Karmazin's contract was announced.
Industry Roundup
Tweeter's new look: Tweeter Home Entertainment Group is entering the first phase of a massive makeover—with redesigned stores and a new marketing approach emphasizing custom installation and media-server–based home-theater products. The company will de-emphasize individual components and pitch its services toward women, who make most decisions about home entertainment and home décor. The company's pitch will be "We can untangle your mind," a reference to the widespread frustration with semi-compatible and often incomprehensible technologies. Over the next 18 months, Tweeter will consolidate its various regional chains under a single brand name, with a prototype 14,500 sq. ft. store in the Las Vegas suburb of Summerlin, NV to be launched at the upcoming Consumer Electronics Show (CES).
Industry Roundup
Powell calls it quits: Federal Communications Commission (FCC) chairman Michael Powell has announced his departure from the regulatory agency. Powell will leave his post by March of this year, according to an announcement made January 21. The son of former Secretary of State Colin Powell, Michael Powell was appointed an FCC commissioner by then-President Clinton in 1997 and appointed chairman by President Bush in 2001.
Industry Roundup
Xd on its way: NHThttp://www.nht-hifi.com">NHT; has begun shipping its Xd DEQX Calibrated DSP speaker systems to dealers, according to an announcement made January 24 by parent company the Rockford Home Group. A high-tech twist on the old satellite-and-subwoofer scheme, the Xd consists of a pair of two-way acoustic satellite speakers; an XdW bass module with two opposing 10" drivers powered by an internal PowerPhysics 500W amplifier; and an XdA outboard processor/amplifier that includes a DEQX-calibrated DSP engine and four PowerPhysics One-Cycle Sound amps.
Industry Update
EMI drops: The EMI Group, the British music company, sent its stock prices plummeting 16% with its announcement last week that sales for the fiscal year ending next month would be as much as 9% below those of last year.
Industry Update
ListenUp NHT: NHT's 75W M-00 powered two-way studio monitor has long been an audiophile favorite for the title of "best computer loudspeaker"—not that the competition has been all that fierce. The Benicia, CA–based loudspeaker manufacturer recognized that the powered monitor, initially marketed direct to recording engineers and in-home studio owners, was selling beyond its target audience and repositioned it as part of its PC Hi-Fi line. When Walt Stinson, co-founder of Colorado-based Audio/Video chain ListenUp discovered the M-00s when he was searching for something to pair with his portable player, he was so taken with their performance that he called ListenUp's marketing manager, Phil Murray, and told him that the chain had to carry them, because they were "simply the best multimedia speakers, bar none."