Gibson Guitars May Suffer a Major Setback in Bid to Exit Bankruptcy

The US Trustees Office has filed a motion, asking a Delaware bankruptcy judge to delay Gibson Guitar’s bid to exit bankruptcy due to unresolved objections.

In a statement to DMN, Gibson confirmed the guitar maker would emerge from bankruptcy “with working capital financing, materially less debt, and a leaner and stronger musical instruments-focused platform that will allow the Company and all of its employees, vendors, customers, and other critical stakeholders to succeed.”

The strategy appeared to work.  The US Bankruptcy Court for the District of Delaware initially approved the guitar maker’s plan to exit bankruptcy in October.

Unfortunately, the move had major consequences for the company.  CEO Henry Juszkiewicz lost most of his ownership share.  Gibson also replaced its Chief Financial Officer.  Its post-bankruptcy plan also includes dropping non-core businesses.

Source: Gibson Guitars May Suffer a Major Setback in Bid to Exit Bankruptcy

One of These Three Companies Will Change Live Concerts Forever

In our latest edition of the Digital Music News Podcast, we sat down with three startups tackling distinct areas of the emerging live concert business.

That includes Martin Erler, whose company Flits is now tackling a very tricky problem involving live concert song recognitions (and subsequent PRO reporting).  But how can a machine detect a live song, where technologies like fingerprints and metadata-scraping are out the window?

The cast of innovators also includes Fabio Buccheri, whose Noys VR is working to augment the live experience with virtual reality.  Buccheri has already inked deals with Warner Music Group and the Hamburg-based Elbjazz Festival, while also garnering investor support.  But Buccheri isn’t out to replace anything — here merely aims to augment live music with experiences that make the in-person experience cooler.

Source: One of These Three Companies Will Change Live Concerts Forever

Product of the Week: TASCAM Model 24—It Only Looks Retro

If you’re old enough to remember the TASCAM Portastudio, you’re sure to get a pang of nostalgia when you see the new TASCAM Model 24. While it may have an old-school look, its functionality is thoroughly modern and remarkably versatile. I recently received a review unit and have just started checking it out, so I thought I’d give you a quick preview.

Model 24 handles the functions of three different pieces of hardware in one: mixer, multitrack recorder and USB audio interface (Mac/PC). As a mixer, it provides 22 input channels with 100mm faders. Twelve of the channels are mono, and five are stereo. You get 16 XLR inputs (you can use all but one of the stereo channels as mono inputs), 12 ¼-inch balanced mono line inputs, and four stereo pairs of ¼-inch line inputs.

Source: Product of the Week: TASCAM Model 24—It Only Looks Retro

The 15 Chicago Bands You Need To Know in 2018

Source: The 15 Chicago Bands You Need To Know in 2018

 

Originally known for its jazz, blues and gospel music in the first half of the 20th century, Chicago’s music scene is one of the most diverse and historic in the country. Chicago has become synonymous with genres like those as well as house music, punk, alt-rock, hip hop, heavy metal, pop-punk and more. Some of the city’s biggest names throughout the years include Muddy Waters, Sam Cooke, Earth, Wind & Fire, The Smashing Pumpkins, Liz Phair, Wilco, The Jesus Lizard, Veruca Salt and Fall Out Boy. And more recently, Chicago has boasted artists like Chance The Rapper, Whitney, Vic Mensa, Twin Peaks, Rise Against and Smith Westerns.

The city’s music scene has also been chronicled by books like Michael Azerrad’s Our Band Could Be Your Life and this year, more loosely, with Jessica Hopper’s Night Moves. Festivals like Lollapalooza, Pitchfork Music Festival, Riot Fest and Chicago Blues Festival as well as venues like The Empty Bottle, Lincoln Hall and The Metro continue to draw exciting acts and help keep the city’s flame alive. In celebration of Chicago and as the latest installment of our new band lists, Paste compiled a list of 15 exciting, young rock bands that hail from the Windy City that you should keep your eye on for this year and beyond.

10 Things You Could Be Doing Wrong When Recording

The recording process is equal parts art and science. Some engineers choose to carefully dial in precisely calculated delay times, reverb tails, and EQ curves—others simply spin the knobs until it sounds good. There’s no right or wrong approach, but there are a few guidelines that can help you capture quality recordings. Check out these 10 common mistakes people make when recording at home.

Source: 10 Things You Could Be Doing Wrong When Recording at | Reverb News

SiriusXM and Pandora: Perfect Together 

The deal breaks down like this: SiriusXM will make a $480 million strategic cash investment in Pandora. Through this agreement, SiriusXM gains control of the leading U.S. provider of ad-supported digital radio. Pandora has a loyal audience of nearly 100 million listeners in the U.S. Pandora is the leading player in the burgeoning digital audio advertising market in the U.S., but Spotify numbers trump Pandora’s worldwide. This helps complement SiriusXM, where the signal is only available in North America. The capital provided through the SiriusXM investment will allow Pandora to make targeted investments and capitalize on opportunities to build on its position in the streaming radio business in our market.

Source: SiriusXM and Pandora: Perfect Together – Dealerscope