cclarry
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pentimentosound
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Re: Interesting News
2017/08/23 22:52:37
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Yeah, I just saw that one and started a thread. Maybe someone can join them up....
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lawajava
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Re: Interesting News
2017/08/23 23:50:50
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All I can say after reading that is "Oh, no!"
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smallstonefan
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Re: Interesting News
2017/08/24 02:45:15
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☄ Helpfulby RSMCGUITAR 2017/08/25 08:34:49
Really poor leadership in my opinion. Auto-tuning mechanisms on a $2,400 guitar? Seriously? How about a set of Spretzels and give a free tuner and call it a day. I think this company lost it's way. They could have focused on being a premier - and less available - brand. Instead they thought they could chase the casual hobbyist with a $2,400 guitar. I have a couple of Gibsons and like them. Well, I LOVE my 335 and like a lot by Gibson Les Paul. However, I casually shopped for a Les Paul for a few years before I found the one that spoke to me; they were all so different from a company that mass produces...
post edited by smallstonefan - 2017/08/25 14:39:16
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Rimshot
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Re: Interesting News
2017/08/24 03:01:02
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This is not good. Thanks for sharing anyway.
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.
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Re: Interesting News
2017/08/24 06:52:11
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I have seen at many different places around the net, people refer to Gibson as the place where products go to die 
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ProjectM
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Re: Interesting News
2017/08/24 10:37:37
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Wow. I can't imagine a world without the Gibson guitar company... If they go bust, what happens to Cakewalk? I know my Gibson guitar (and perhaps my Tobias) will increase in value! :p
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patm300e
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Re: Interesting News
2017/08/24 11:13:56
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Well so much for my "Lifetime" updates...
 SPLAT on a Home built i3 16 GB RAM 64-bit Windows 10 Home Premium 120GB SSD (OS) 2TB Data Drive. Behringer XR-18 USB 2.0 Interface. FaderPort control.
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dwardzala
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Re: Interesting News
2017/08/24 12:56:58
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☄ Helpfulby tlw 2017/08/25 11:30:04
Just because a company might default on their loans (or even if they do) does not mean they will shutter the place. And a lot can happen in a year.
DaveMain Studio- Core i5 @2.67GHz, 16Gb Ram, (2) 500Gb HDs, (1) 360 Gb HD MotU Ultralite AVB, Axiom 49 Midi Controller, Akai MPD18 Midi Controller Win10 x64 Home Sonar 2017.06 Platinum (and X3e, X2c, X1d) Mobile Studio - Sager NP8677 (i7-6700HQ @2.67MHz, 16G Ram, 250G SSD, 1T HD) M-Box Mini v. 2 Win 10 x64 Home Sonar 2016.10 Platinum Check out my original music: https://soundcloud.com/d-wardzala/sets/d-wardzala-original-music
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Chandler
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Re: Interesting News
2017/08/24 14:30:29
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Hopefully things will be ok and if not another company will buy cakewalk. I think cakewalk has gotten better recently, but Gibson seems to have gotten worse these last few years. Too many missteps with their guitars.
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JonD
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Re: Interesting News
2017/08/24 15:11:54
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patm300e
Well so much for my "Lifetime" updates...
They didn't specify "whose" lifetime. 
SonarPlat/CWbBL, Win 10 Pro, i7 2600K, Asus P8Z68 Deluxe, 16GB DDR3, Radeon HD5450, TC Electronic Impact Twin, Kawai MP11 Piano, Event ALP Monitors, Beyerdynamic DT770 Pro, Too Many Plugins, My lucky hat.
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Starise
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Re: Interesting News
2017/08/24 16:12:38
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Making money in the music instrument business is tough. I hope they can pull out of it. Might need to make some tough decisions to right the ship.
Intel 5820K O.C. 4.4ghz, ASRock Extreme 4 LGA 2011-v3, 16 gig DDR4, , 3 x Samsung SATA III 500gb SSD, 2X 1 Samsung 1tb 7200rpm outboard, Win 10 64bit, Laptop HP Omen i7 16gb 2/sdd with Focusrite interface. CbB, Studio One 4 Pro, Mixcraft 8, Ableton Live 10 www.soundcloud.com/starise Twitter @Rodein
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bluzdog
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Re: Interesting News
2017/08/24 17:26:25
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☄ Helpfulby cclarry 2017/08/24 17:42:17
I'm blown away that they are paying such high interest in today's market: You can check this out yourself in the FINRA database. The basics here are: - Gibson Brands has taken $375 million from investors.
- The coupon to investors is 8.875%, already high-yield (junk) territory that assumes a risk default.
- They offered the debt around August 1, 2013, and it matures after five years of paying the coupon, meaning they owe their investors back the principal.
- Both Moody’s and Standard & Poors have downgraded the ratings on this debt very recently.
- The secondary bond market has been FREAKING OUT, dumping these bonds on speculators for cheap. That spike of yield this summer means that original investors were selling their bonds to secondary investors for half of what they paid. If they gave Gibson $100, they sold those bonds to another guy for $50, meaning they were afraid to lose even more of it if they waited until August 1, 2018.
- This means that investors roughly estimate that there’s a one-in-four chance that either Gibson won’t make all its coupon payments or return all the money it owes, a.k.a. default.
Rocky
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LaszloZoltan
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Re: Interesting News
2017/08/25 04:17:08
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I think it is important to be mindful of our hosts here...I mean, how would you like it if friends you invite into your home start talking about your job security etc. ?
Sonar is a great product, Cakewalk has been more than fair, certainly by by no small measure (imho), ahead of some of the horror stories we have heard at the hands of at least a few of the competitors - if anything, this would be a time to rally around the brand with our moral support at the very least.
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RSMCGUITAR
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Re: Interesting News
2017/08/25 08:38:08
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LaszloZoltan
I think it is important to be mindful of our hosts here...I mean, how would you like it if friends you invite into your home start talking about your job security etc. ?
Sonar is a great product, Cakewalk has been more than fair, certainly by by no small measure (imho), ahead of some of the horror stories we have heard at the hands of at least a few of the competitors - if anything, this would be a time to rally around the brand with our moral support at the very least.
I really don't think anyone here is cheering at the demise of Gibson.
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pentimentosound
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Re: Interesting News
2017/08/25 14:27:38
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Not at all! I have complete confidence in all the various companies, even if I wonder where Gibson is going at times.
Cakewalk? I have no doubt that their "star" will continue to shine brighter and brighter.
RE CW folks? I wish them all the best, because the happier they are, the more exciting SPLAT etc et al, gets.
Michael
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smallstonefan
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Re: Interesting News
2017/08/25 14:41:46
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☄ Helpfulby cclarry 2017/08/25 20:26:49
LaszloZoltan
I think it is important to be mindful of our hosts here...I mean, how would you like it if friends you invite into your home start talking about your job security etc. ?
Sonar is a great product, Cakewalk has been more than fair, certainly by by no small measure (imho), ahead of some of the horror stories we have heard at the hands of at least a few of the competitors - if anything, this would be a time to rally around the brand with our moral support at the very least.
Cakewalk has done nothing but get better the last few years IMHO. But I don't think the fact that Gibson owns Cakewalk means we can't discuss Gibson honestly. I'm not worried about the survivability of Cakewalk - I think they'll do great no matter what the future holds for Gibson...
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abacab
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Re: Interesting News
2017/08/25 15:03:07
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I read the linked article, and it seems to be that the music industry in general is in financial trouble.
Steinway, Fender, and Guitar Center are all in debt up to their eyeballs.
Makes me think that their managements have not been steering their ships correctly. Taking on debt as sales drop is not a formula for business success.
But a default will usually result in selling off parts of the business in a restructuring deal, not a shuttering of the entire business. Especially if parts of it are actually still profitable.
DAW: CbB; Sonar Platinum, and others ...
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mikedocy
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Re: Interesting News
2017/08/25 19:48:32
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Joe_A
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Re: Interesting News
2017/08/25 20:23:56
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Wow. There are also some anti-Gibson articles out there. I wasn't aware.
jambrose@cfl.rr.com Sonar Plat. Lifetime. Started in Sonar 4, each through 8.5.3PE. Scarlett 18i202nd gen., Edirol FA-101, M-Audio Firewire 410, AMD Phenom II 1045T six core processor, 8GB DDR3, AMD Radeon HD 6450, dual displays, 1.5 TB SATA HD, USB 2, Firewire 1394A, 1394B, 18/22 mixer, EV Q-66, Yamaha HS50M monitors, few guitars, Fender Cybertwin SE, Fender Cyber foot controller, Boss RC20-XL, misc pedals, etc. Win Home Prem 64 bit.
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cclarry
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Re: Interesting News
2017/08/26 00:11:09
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☄ Helpfulby RSMCGUITAR 2017/08/26 07:43:28
Here's where I think Cakewalk has dropped the ball. They
come out with this very kewl, very intuitive, new thing called
the ProChannel. Then develop virtually nothing for it. They gave
us the CA-2A, and few others, and some third party "bonuses",
but, for the most part, have completely missed a "money machine"
in developing PC Modules, that I'm sure the vast majority of users
would rather invest their money in than third party vst's...
JMO...YMMV
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Leee
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Re: Interesting News
2017/08/26 00:31:38
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Cakewalk Sonar is a hot property. I have no doubt if Gibson faces it's worst case scenario and closes up shop, they'll be at least a half a dozen companies looking to take over Cakewalk's flagship product. Although I have been known to be wrong.....from time to time. 
Lee Shapirowww.soundclick.com/leeshapiro Welcome BandLab and thank you for giving Cakewalk and Sonar a new lease on life.
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kitekrazy1
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Re: Interesting News
2017/08/26 01:25:20
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OK, have Cakewalk bail them out.
Most likely they will get refinanced.
Sonar Platinum, W7 Pro 32GB Ram, Intel i7 4790, AsRock Z97 Pro 4, NVidia 750ti, AP2496 Sonar Platinum, W7 Pro, 16GB Ram, AMD FX 6300, Gigabyte GA 970 -UD3 P, nVidia 9800GT, Guitar Port, Terratec EWX 2496
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dubdisciple
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Re: Interesting News
2017/08/26 07:42:57
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cclarry
Here's where I think Cakewalk has dropped the ball. They
come out with this very kewl, very intuitive, new thing called
the ProChannel. Then develop virtually nothing for it. They gave
us the CA-2A, and few others, and some third party "bonuses",
but, for the most part, have completely missed a "money machine"
in developing PC Modules, that I'm sure the vast majority of users
would rather invest their money in than third party vst's...
JMO...YMMV
I think they were hoping for more third party support. Hard to say. It could also be that they felt was available covers the bases sufficiently and that anything else was redundant or not worth it since you can already add effects to pro channel chsin.
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dubdisciple
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Re: Interesting News
2017/08/26 08:15:02
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Most of us have watched ownership change hands multiple times. Cakewalk tends to bounce back
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Grem
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Re: Interesting News
2017/08/26 18:39:16
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dubdisciple
Most of us have watched ownership change hands multiple times. Cakewalk tends to bounce back
Yep. As far as the Pro Channel goes, the argument for CW relying on third party support to make it worthwhile was made back when it came out and IIRC CW said that they were not depending on third parties to make it work. That they would support it. And they have. Maybe not as much as some would think they should have, but I think PC has done what CW wanted: An easy way (with low CPU usage) to view and use popular/BnB FX in a trk.
Grem
Michael Music PC i7 2600K; 64gb Ram; 3 256gb SSD, System, Samples, Audio; 1TB & 2TB Project Storage; 2TB system BkUp; RME FireFace 400; Win 10 Pro 64; CWbBL 64, Home PCAMD FX 6300; 8gb Ram; 256 SSD sys; 2TB audio/samples; Realtek WASAPI; Win 10 Home 64; CWbBL 64 Surface Pro 3Win 10 i7 8gb RAM; CWbBL 64
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mettelus
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Re: Interesting News
2017/08/26 22:21:38
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Many companies have strict EBITDA requirements on acquisition, so there is a large difference between who could and who would catch Cakewalk should that event occur.
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interpolated
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Re: Interesting News
2017/08/26 22:52:58
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If Avid buy it, maybe we'll be able to use Protools stuff.....but seriously. Avid are like Apple in my eyes a bunch of chancers.
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mudgel
Moderator
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Re: Interesting News
2017/08/27 05:42:24
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I don't Think Avid is in the best shape either is it?
Mike V. (MUDGEL) STUDIO: Win 10 Pro x64, SPlat & CbB x64, PC: ASUS Z370-A, INTEL i7 8700k, 32GIG DDR4 2400, OC 4.7Ghz. Storage: 7 TB SATA III, 750GiG SSD & Samsung 500 Gig 960 EVO NVMe M.2. Monitors: Adam A7X, JBL 10” Sub. Audio I/O & DSP Server: DIGIGRID IOS & IOX. Screen: Raven MTi + 43" HD 4K TV Monitor. Keyboard Controller: Native Instruments Komplete Kontrol S88.
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interpolated
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Re: Interesting News
2017/08/27 14:23:23
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Just let me gaze into my crystal ball. No Apple will buy them, we're all ******!
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