Tag Archives: Gibson

Gibson Filed for Chapter 11 Bankruptcy Protection

Variety reported that Gibson Brands Inc., filed for Chapter 11 bankruptcy protection on May 1, 2018, “with a turnaround plan that will give some of the company’s lender’s equity ownership of the long-running guitar and musical equipment company that has become synonymous with classic rock and roll.”

Chairman and CEO of Gibson Brands, Henry Juszkiewicz, posted about this on Gibson’s Facebook page. He started the post with “Dear Friends:”

Yesterday, we made a significant announcement that marks the next phase of Gibson’s long and storied history. We are re-focusing the Company on the manufacturing of world-class, iconic musical instruments and the continued development of the global Gibson brand, by reorganizing around its core business in the Musical Instruments segment. Gibson has reached a Restructuring Support Agreement with its majority stakeholders that clears the way for the continued financing and operations of the musical instrument business.

To implement the agreement, the Company filed today to reorganize under Chapter 11 of the U.S. Bankruptcy Code in Wilmington, Delaware. This will allow our Company to continue to design, build, sell and manufacture Gibson’s legendary guitars and instruments without interruption.

Gibson included some important facts to know about the Chapter 11 process:

  • Gibson Brands is not going out of business. The legal process is being used to implement a reorganization of the Musical Instruments division, not liquidation
  • The filings do not change pricing, inventory, ordering, or delivery timing of our guitars, musical instruments and Pro Audio equipment.
  • There will be no change to the quality of service and support our customers have come to expect from us.
  • There will be no changes to our warranty and customer service policies.

In addition, Gibson posted a tweet that said: “Gibson filed yesterday to reorganize under Chapter 11 of the U.S. Bankruptcy code. This does NOT mean Gibson is going out of business. It means it is reorganizing its business to focus on guitars and musical instruments and becoming a stronger company in the process.”

Gibson also tweeted: “Rest assured, there will be no changes to our warranty and return policies and we are still making, selling and shipping the world’s most iconic guitars. Our relationship with you is important to us and we’re excited for what the future holds.” The tweet ended with #onlyagibsonisgoodenough

Neat Microphones Creates Widget Series

Neat Microphones Widget SeriesNeat Microphones has a futuristic, colorful, line of microphones that look like something that would not seem out of place in The Jetsons cartoon. Each one is a little, functional, sculpture. Together, these three visually interesting mics are the Widget Series.

The Widget Series of microphones are uniquely styled, USB ‘plug and play’, high-definition microphones. The three mics look very different from each other, but each uses the same proprietary capsule and circuit design that delivers remarkable sonic character, regardless of the Widget’s shape. These microphones are for podcasters, musicians, or even for people who need to take part in an internet conference call.

Microphone A is the green one with the yellow highlights. Microphone B is the red one with yellow highlights. Microphone C is the blue one with yellow highlights. Each one is a desktop microphone with clear, full-range 96kHz/24 bit audio. Each has a custom capsule, integrated internal pop filter, shockmount, and adjustable height.

All the microphones are easy plug-and-play with either Mac or Windows. These microphones are for use with Skype, conferencing, videos, blogs, voiceovers, music, and more. Gizmodo reports that the Widget Series of mics by Neat Microphones will hit stores like Best Buy, Walmart, and Amazon starting on November 15, 2015, and for a price of $99 each.