5/21/2014 We were surprised by a recent public statement issued by Guitar Center. Over the last year, due to GC’s highly publicized financial situation, we were forced to evaluate their credit worthiness. As a result of their credit rating, it was determined that they were a high risk and we were forced to put them on business hold. We certainly respect GC’s decision to discontinue business with us and we thank them for our excellent 20 year relationship.
Over the past 25 years, MUSIC Group has seen tremendous growth and has become one of the largest Pro Audio companies in the world. The Company experienced a historical record revenue last year and also celebrated an all-time record revenue in April in the United States.
Since its introduction in 2012, the X32 has become the world’s best-selling digital mixing console and with over 150,000 units sold, it has far exceeded all expectations. In recent years, MUSIC Group acquired the iconic brands Midas, Klark Teknik and Turbosound which have also experienced unprecedented growth.
[ATTACH=CONFIG]199056.vB5-legacyid=10129[/ATTACH]MUSIC Group has invested over US$ 100 million in the industry’s most advanced and automated manufacturing facility which is scheduled to open later this year. The massive 3 million square foot campus demonstrates our long-term commitment to innovation, quality and highly competitive products.
We are committed to our customers receiving products at “Double the Experience for Half the Price,” while our business partners enjoy healthy profits and unprecedented sell-through.
Our US distributor Starin is in the process of rolling out a new free-freight program as well as extended payment terms, making it even easier to get access to our high demand products.
I want to personally thank all our US dealers for their tremendous support and loyalty.
Onwards and upwards!
MUSIC Group
Uli Behringer
Chief Executive Officer
[B]About Music Group
[/B]The Music Group is one of the world’s largest pro audio and music products companies. As the corporate parent for world-recognized brands such as Midas, Klark Teknik, Turbosound, Behringer and Bugera, the Music Group owns and manages some of the finest brands in the industry. With a solid platform of technical innovation, proprietary Intellectual Property and unparalleled brand equity, Music Group companies and brands lead the market in over 130 countries across the globe.
Music Group products are designed and developed by over 250 dedicated members of the industry’s most accomplished engineering team, spanning three continents. Our products are built and thoroughly quality tested in our own state-of-the-art factory Music Group City where we control every aspect of the supply chain and manufacturing process. The result of this intensive commitment to quality is that Music Group products are trusted by millions of users every day to produce and perform to exacting specifications and tolerances.
Music Group products can be found in professional and project recording studios, video and broadcast suites, post-production facilities, sound reinforcement applications including houses of worship, stadiums, nightclubs, retail locations and on major musical concert tours.
