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Sound Reinforcement - Forums for Live Sound Professionals - Your Displayed Name Must Be Your Real Full Name To Post In The Live Sound Forums => LAB: The Classic Live Audio Board => Topic started by: paul bell on November 14, 2016, 09:00:51 am

Title: Samsung to purchase Harmon
Post by: paul bell on November 14, 2016, 09:00:51 am
http://www.usatoday.com/story/money/business/2016/11/14/samsung-buy-harman-international-8-billion/93786364/
Title: Re: Samsung to purchase Harmon
Post by: Jason Joseph on November 14, 2016, 09:16:47 am
Interesting...
Title: Re: Samsung to purchase Harmon
Post by: Steve M Smith on November 14, 2016, 09:23:33 am
They seem more interested in car audio.  Perhaps Music Group will buy what they don't want.


Steve.
Title: Re: Samsung to purchase Harmon
Post by: John Roberts {JR} on November 14, 2016, 09:31:31 am
They seem more interested in car audio.  Perhaps Music Group will buy what they don't want.


Steve.
Automobile electronics is a growing business, cars are becoming more electronic every year (not just radios).

JR

PS: Big fish is eaten by a bigger fish.
Title: Re: Samsung to purchase Harmon
Post by: Ivan Beaver on November 14, 2016, 11:23:06 am
Automobile electronics is a growing business, cars are becoming more electronic every year (not just radios).

JR

PS: Big fish is eaten by a bigger fish.
I bet some of it had to do with the scoreboard market and being able to "fillout the audio" side of things.

Scoreboards and such are HUGE deals these days.
Title: Re: Samsung to purchase Harmon
Post by: TJ (Tom) Cornish on November 14, 2016, 11:35:19 am
I'm ready to place my order for some more JBL Galaxy Array battery powered line array boxes, now including Martin Light and Smoke features at no additional charge.  I'm told their new battery technology has a "fast discharge" mode.
Title: Re: Samsung to purchase Harmon
Post by: Chris Hindle on November 14, 2016, 12:15:35 pm
http://www.usatoday.com/story/money/business/2016/11/14/samsung-buy-harman-international-8-billion/93786364/
From the basic writeup, good for Auto electronics, bad for pro audio.
maybe they'll spin off "our" market........ Another takeover for Herr Berringear ?
Nah, they already have Midas and Turbo. Don't need to bury any other brands.....

Chris.
Title: Re: Samsung to purchase Harmon
Post by: Josh Rawls on November 14, 2016, 12:33:14 pm
I'm going to need to finish out my SRX800 rig quickly it seems. It also finalizes my decision to buy a Danley rig for my next system.
Title: Re: Samsung to purchase Harmon
Post by: Dave Pluke on November 14, 2016, 12:51:58 pm
I thought they were hemorrhaging cash over the Galaxy Note 7 and exploding washing machine debacles.  Guess their pockets are even deeper than that...

Dave
Title: Re: Samsung to purchase Harmon
Post by: Daniel Levi on November 14, 2016, 12:52:13 pm
Maybe they will sell the pro audio side to InMusic brands :-)
At least Music would not be that bad.
Title: Re: Samsung to purchase Harmon
Post by: Craig Hauber on November 14, 2016, 01:19:56 pm
Automobile electronics is a growing business, cars are becoming more electronic every year (not just radios).

JR

PS: Big fish is eaten by a bigger fish.

According to Forbes, car technology is over 70% of Harman's value
http://www.forbes.com/sites/samabuelsamid/2016/11/14/samsung-acquires-a-big-slice-of-the-connected-vehicle-space-with-8-billion-acquisition-of-harman/#3c66e6685eff

Its amazing how small our pro-audio slice of the entertainment electronics pie really is!

-did Samsung already have any pro audio under its umbrella or is this it's way of getting into that market now too?
Title: Re: Samsung to purchase Harmon
Post by: Steven Barnes on November 14, 2016, 01:35:32 pm
I thought they were hemorrhaging cash over the Galaxy Note 7 and exploding washing machine debacles.  Guess their pockets are even deeper than that...

Dave

according to sammobile.com they have $69 billion in cash reserves. The Note 7 will definitely hit them in the pocket book but it sounds like they are plenty deep to handle the hit.
Title: Re: Samsung to purchase Harmon
Post by: Lyle Williams on November 14, 2016, 03:02:31 pm
Visions of SRX's catching fire?  :-)
Title: Re: Samsung to purchase Harmon
Post by: Tracy Garner on November 14, 2016, 07:11:50 pm
According to Forbes, car technology is over 70% of Harman's value
http://www.forbes.com/sites/samabuelsamid/2016/11/14/samsung-acquires-a-big-slice-of-the-connected-vehicle-space-with-8-billion-acquisition-of-harman/#3c66e6685eff

Its amazing how small our pro-audio slice of the entertainment electronics pie really is!

-did Samsung already have any pro audio under its umbrella or is this it's way of getting into that market now too?

There is a race to equip vehicles with software as a service and the ability to pay for things from inside the car without the use of a phone or other appliance. A couple Samsung competitors are already further along with their development and partnerships. This also includes the public transportation market.
Title: Re: Samsung to purchase Harmon
Post by: Ivan Beaver on November 14, 2016, 07:20:55 pm

Its amazing how small our pro-audio slice of the entertainment electronics pie really is!

I heard once (have no idea if it is true or not-so don't shoot me) that Walmart makes in 1 day what our whole industry makes in a year.

It seems a little bit far to me-but maybe not so much

Walmart sells around 1.3 billion a day based on 365 days a year.
Title: Re: Samsung to purchase Harmon
Post by: Ryan McLeod on November 14, 2016, 08:14:51 pm
I heard once (have no idea if it is true or not-so don't shoot me) that Walmart makes in 1 day what our whole industry makes in a year.

It seems a little bit far to me-but maybe not so much

Walmart sells around 1.3 billion a day based on 365 days a year.

Many years back at a Sennheiser Training Session, very nice & awesome presenter named Volker, mentioned that the worldwide Wireless Microphone market is 4% of the North American potato chip market... that's always stuck with me.
Title: Re: Samsung to purchase Harmon
Post by: Craig Leerman on November 14, 2016, 08:52:19 pm
I was going to buy Harmon but I could not find a lender that would give me a loan with payments for 75,000 years  :(
Title: Re: Samsung to purchase Harmon
Post by: Tim McCulloch on November 15, 2016, 01:46:37 am
I was going to buy Harmon but I could not find a lender that would give me a loan with payments for 75,000 years  :(

It just doesn't seem fair, Craig.  :o
Title: Re: Samsung to purchase Harmon
Post by: Roland Clarke on November 15, 2016, 05:38:34 am
Many years back at a Sennheiser Training Session, very nice & awesome presenter named Volker, mentioned that the worldwide Wireless Microphone market is 4% of the North American potato chip market... that's always stuck with me.

I know a reasonably well known industry designer and manufacturer that told me that the only reason that the audio industry was so high tech were the number of "nerdy" guys that just loved music and messing with gear/tech, most of whom could earn a shed load more by just working for tech giants in Silicon Valley.
Title: Re: Samsung to purchase Harmon
Post by: Daniel Levi on November 15, 2016, 09:08:47 am
I suppose the high tec in pa equipment is also due to technology trickling down, technologies that improve telecoms (I.e. DSP processing) also help the audio industry.
But it can also happen both ways, behringer were forced to discontinue the x-uf card for the x32 because the chip could no longer be manufactured ASDA the chip manufacturer had switched to a smaller micron process. The discontinuation of components was also the reason why the DDX3216 was discontinued.

I still can see parts of the business being sold off, primarily the pro audio side as this is something that they would not only need to dedicate resources to it's an area where they have little to no experience.
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