|
|
Post by srb on Sept 23, 2023 8:11:53 GMT -6
Well, shit.
|
|
|
|
Post by Darren Boling on Sept 23, 2023 9:15:41 GMT -6
Damn, what a shame. Is it just me or is it strange when a company buys another for for it's value, both actual and perceived, but then immediately makes changes that negate that? Guess my confusion with this is why I'm not in the corporate world.
|
|
|
|
Post by drumsound on Sept 23, 2023 9:22:37 GMT -6
Damn, what a shame. Is it just me or is it strange when a company buys another for for it's value, both actual and perceived, but then immediately makes changes that negate that? Guess my confusion with this is why I'm not in the corporate world. Right there with you. |
|
|
|
Post by Quint on Sept 23, 2023 10:14:33 GMT -6
Damn, what a shame. Is it just me or is it strange when a company buys another for for it's value, both actual and perceived, but then immediately makes changes that negate that? Guess my confusion with this is why I'm not in the corporate world. Because bean counters never understand the value (in actual real world dollars, not just perception) of something that isn't easy to put a number on. |
|
|
|
Post by drumsound on Sept 23, 2023 11:36:11 GMT -6
Damn, what a shame. Is it just me or is it strange when a company buys another for for it's value, both actual and perceived, but then immediately makes changes that negate that? Guess my confusion with this is why I'm not in the corporate world. Because bean counters never understand the value (in actual real world dollars, not just perception) of something that isn't easy to put a number on. FACT! |
|
|
|
Post by EmRR on Sept 23, 2023 13:42:02 GMT -6
Man…..
I know a son of a former owner, we talked about it several months back. His take was it was the only way dad got to retire. Attempts at selling it to the employees were long running and ultimately failed. His word, who knows. Sucks.
|
|
|
|
Post by notneeson on Sept 23, 2023 14:11:05 GMT -6
I was just wondering the other day if Moog will eff with vintage stuff. I have a Micro Moog in need of refurbishment. I’m guessing it will only become less likely now.
My friend was just talking about how API don’t want to get involved with his PW era console. Drag.
|
|
|
|
Post by kcatthedog on Sept 24, 2023 14:15:45 GMT -6
|
|
|
|
Post by jacobamerritt on Sept 25, 2023 12:20:40 GMT -6
I was just wondering the other day if Moog will eff with vintage stuff. I have a Micro Moog in need of refurbishment. I’m guessing it will only become less likely now. My friend was just talking about how API don’t want to get involved with his PW era console. Drag. Few years back I couldn't even get a response from Moog about a 5 year old synth with failing 'soft touch' rubberized end caps that was a common issue with users. I'd be shocked if they repaired anything vintage. FWIW - Arturia support is awesome. Had an almost identical issue with one of their synths this year, and they shipped replacement parts for cost of shipping on a 10 year old synth well out of warranty. |
|
|
|
Post by recordingengineer on Sept 26, 2023 0:31:16 GMT -6
The owner of the studio I work out of was quite disappointed after visiting Moog in Asheville before the pandemic. Plus, it took them two years to finally do the simplest fix on his Voyager. So, not so surprised. Still, his new One arrived yesterday. It’s certainly damn impressive!
|
|
|
|
Post by notneeson on Sept 26, 2023 8:59:15 GMT -6
I was just wondering the other day if Moog will eff with vintage stuff. I have a Micro Moog in need of refurbishment. I’m guessing it will only become less likely now. My friend was just talking about how API don’t want to get involved with his PW era console. Drag. Few years back I couldn't even get a response from Moog about a 5 year old synth with failing 'soft touch' rubberized end caps that was a common issue with users. I'd be shocked if they repaired anything vintage. FWIW - Arturia support is awesome. Had an almost identical issue with one of their synths this year, and they shipped replacement parts for cost of shipping on a 10 year old synth well out of warranty. Sorry to hear it, man. That’s really lame. |
|
|
|
Post by Darren Boling on Sept 26, 2023 9:51:42 GMT -6
Man….. I know a son of a former owner, we talked about it several months back. His take was it was the only way dad got to retire. Attempts at selling it to the employees were long running and ultimately failed. His word, who knows. Sucks. I have a banker friend who does a lot of dealing with ESOP's (Employee Stock Ownership Plan) and he took a quick look into it, appartently back in 2015 an ESOP occurred and the employees owned 49%. So my guess with Doug's story and some of the other comments here it probably was just too much for them to deal with operationally and financially and like Doug said, this deal allowed them to retire. |
|
|
|
Post by bossanova on Oct 9, 2023 14:02:26 GMT -6
Some additional details from a since deleted Behringer post:
“…in May of this year, Mike Adams, the CEO of Moog, reached out to Uli to propose selling Moog. Both individuals have had a longstanding friendly relationship. Therefore, Mike reached out to us first and shared all the financials as well the company’s challenges.
Mike's decision to sell Moog was influenced by his advanced age and serious mistakes made on the supply chain side. The company had purchased excessive inventory, leading to significant cashflow constraints.
While we believe Moog is a great brand, we declined the purchase due to our low-price business model not aligning with the luxury model Moog is pursuing.
Blaming us for Moog's struggles is as reasonable as blaming Yamaha for the bankruptcy of Sequential, Oberheim, ARP and Moog in the 1980s when the [DX7](https://gearspace.com/gear/yamaha/dx7?via=gear_post_link) and other digital synths were introduced to the market.
We wish Moog and its people all the best and believe they have a great future. Both brands serve a very different customer base that can perfectly coincide.”
|
|
ericn
Temp
Balance Engineer
Posts: 16,099 
Member is Online
|
Post by ericn on Oct 9, 2023 16:01:33 GMT -6
Some additional details from a since deleted Behringer post: “…in May of this year, Mike Adams, the CEO of Moog, reached out to Uli to propose selling Moog. Both individuals have had a longstanding friendly relationship. Therefore, Mike reached out to us first and shared all the financials as well the company’s challenges. Mike's decision to sell Moog was influenced by his advanced age and serious mistakes made on the supply chain side. The company had purchased excessive inventory, leading to significant cashflow constraints. While we believe Moog is a great brand, we declined the purchase due to our low-price business model not aligning with the luxury model Moog is pursuing. Blaming us for Moog's struggles is as reasonable as blaming Yamaha for the bankruptcy of Sequential, Oberheim, ARP and Moog in the 1980s when the [DX7](https://gearspace.com/gear/yamaha/dx7?via=gear_post_link) and other digital synths were introduced to the market. We wish Moog and its people all the best and believe they have a great future. Both brands serve a very different customer base that can perfectly coincide.” The prosecution counters with this Turbosound, Midas, Lab Gruppen and Lake were all considered “ Luxury Brands till Uli bought them. I guess some of us have much longer memories than Uli and his PR team thinks we do. |
|
ericn
Temp
Balance Engineer
Posts: 16,099
Member is Online
|
Post by ericn on Oct 11, 2023 16:12:27 GMT -6
Some additional details from a since deleted Behringer post: “…in May of this year, Mike Adams, the CEO of Moog, reached out to Uli to propose selling Moog. Both individuals have had a longstanding friendly relationship. Therefore, Mike reached out to us first and shared all the financials as well the company’s challenges. Mike's decision to sell Moog was influenced by his advanced age and serious mistakes made on the supply chain side. The company had purchased excessive inventory, leading to significant cashflow constraints. While we believe Moog is a great brand, we declined the purchase due to our low-price business model not aligning with the luxury model Moog is pursuing. Blaming us for Moog's struggles is as reasonable as blaming Yamaha for the bankruptcy of Sequential, Oberheim, ARP and Moog in the 1980s when the [DX7](https://gearspace.com/gear/yamaha/dx7?via=gear_post_link) and other digital synths were introduced to the market. We wish Moog and its people all the best and believe they have a great future. Both brands serve a very different customer base that can perfectly coincide.” I have to add something to Uli’s attempt at re- writing history, I do love how we reinterpret history. I will acknowledge that the DX7 did kill quite a few Competitors, there is no question about it, but Yamaha didn’t duplicate at a much lower price point and quality. I have never in my lifetime seen a Yamaha piece that was such a good dupe it had the manufacturer it copied’s name on a Yamaha PCB ( think Aphex Uli) Yamaha is what Music Group wishes it was a company with a major invented here or aquire a manufacturer for their technology without first copying that tech and forcing them to sell out. The DX7 was an evolution that it had invested heavily in, you know let’s build our own evolutionary chips not buy a new Copier and call it R&D. As synth technology has changed we have seen plenty of companies come and go, there is no guarantee a company will survive, hell how many great studios have we lost? The problem is we now expect the concept of “too big to fail”, rather than look at it as the evolution of technology. Yes Yamaha put them out of business just like Digidesign Killed Ampex and Otari. |
|
