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TC Group / Music Group Anger Fest and Rumor Mill
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<blockquote data-quote="Al Walker" data-source="post: 139521" data-attributes="member: 5264"><p>Re: New Yamaha TF series digital mixers</p><p></p><p>Dear Harry,</p><p> </p><p>In the spirit of openness, we would appreciate if could you please identify exactly which parts have been allegedly changed for lower quality and which source this comes from? </p><p> </p><p>Respectfully, it is always easy to make claims in anonymity, but we feel that an open exchange would give us a fair chance to provide the facts about our operation. I would hope you appreciate our desire for an open and honest discussion.</p><p> </p><p>How were we able to reduce the price of PRO2 and many of our other products? The acquisition by Music Group brought benefits in both directions, and speaking from the perspective of Midas, we were able to benefit from the highly developed sourcing process that Music Group operates, which offered us not only a massive step change in the scale of economy in component procurement, but also the knowledge to buy from the original sources, rather than going through several layers of distribution, each in turn making their own margin. We're also no longer paying third party contract manufacturers to assemble our products, and not paying their associated overheads was an added cost saving to the other benefits of achieving total control of the production process </p><p> </p><p>I have been with Midas for close to 20 years and I am currently based in our Midas China facility which is managed by British engineers, some of which have been working with us for ten years and more. I can honestly say that the investments that have been made by Music Group both on the engineering as well as the manufacturing side are way beyond anything that Midas has ever seen in its entire history.</p><p> </p><p>When Music Group took over Midas, the company was in a very dire position, and today we’re doing very well and rolling out innovative products such as PRO X digital console and its NEUTRON signal processing engine. Since the acquisition, the revenue of Midas has increased close to six-fold and all profits are continuously reinvested. The Midas engineering team has grown from 8 to 80 people in Manchester with additional 12 job openings. I encourage you visit us both in our Manchester and also in China facility so we can show you an operation we are very proud of.</p><p> </p><p>If you have any further questions for Midas or Turbosound, please feel free to ask. My colleague Andy Pardoe who is in charge of Turbosound will be more than happy to respond as well.</p><p> </p><p>Thank you.</p><p></p><p>Al Walker</p><p>Music Group</p></blockquote><p></p>
[QUOTE="Al Walker, post: 139521, member: 5264"] Re: New Yamaha TF series digital mixers Dear Harry, In the spirit of openness, we would appreciate if could you please identify exactly which parts have been allegedly changed for lower quality and which source this comes from? Respectfully, it is always easy to make claims in anonymity, but we feel that an open exchange would give us a fair chance to provide the facts about our operation. I would hope you appreciate our desire for an open and honest discussion. How were we able to reduce the price of PRO2 and many of our other products? The acquisition by Music Group brought benefits in both directions, and speaking from the perspective of Midas, we were able to benefit from the highly developed sourcing process that Music Group operates, which offered us not only a massive step change in the scale of economy in component procurement, but also the knowledge to buy from the original sources, rather than going through several layers of distribution, each in turn making their own margin. We're also no longer paying third party contract manufacturers to assemble our products, and not paying their associated overheads was an added cost saving to the other benefits of achieving total control of the production process I have been with Midas for close to 20 years and I am currently based in our Midas China facility which is managed by British engineers, some of which have been working with us for ten years and more. I can honestly say that the investments that have been made by Music Group both on the engineering as well as the manufacturing side are way beyond anything that Midas has ever seen in its entire history. When Music Group took over Midas, the company was in a very dire position, and today we’re doing very well and rolling out innovative products such as PRO X digital console and its NEUTRON signal processing engine. Since the acquisition, the revenue of Midas has increased close to six-fold and all profits are continuously reinvested. The Midas engineering team has grown from 8 to 80 people in Manchester with additional 12 job openings. I encourage you visit us both in our Manchester and also in China facility so we can show you an operation we are very proud of. If you have any further questions for Midas or Turbosound, please feel free to ask. My colleague Andy Pardoe who is in charge of Turbosound will be more than happy to respond as well. Thank you. Al Walker Music Group [/QUOTE]
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