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Gear Discussion Forums => Gibson Basses => Topic started by: Dave W on March 13, 2017, 07:16:31 AM

Title: Gibson's financial troubles -- updated
Post by: Dave W on March 13, 2017, 07:16:31 AM
Gibson refinances several obligations (http://www.nashvillepost.com/business/music-business/article/20854015/gibson-refinances-several-obligations)

S&P Global Ratings says there's a "material refinancing risk" with $375 million in secured senior notes coming due in 18 months and have changed the company's outlook to negative. Total debt is $512 million.

Maybe -- just maybe -- secured debtors will take controlling ownership in return for debt and force Henry J. out.

In the meantime, here's the latest example of Gibson promoting itself as a lifestyle brand.  :puke:

https://www.youtube.com/watch?v=CGlhhoEx5PI&feature=youtu.be
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 13, 2017, 09:25:35 AM
You shouldn't steal from the dead. Especially if it's done as lamely as Gibson has.

https://www.youtube.com/watch?v=XcATvu5f9vE

Title: Re: Gibson's financial troubles -- updated
Post by: planetgaffnet on March 13, 2017, 10:21:32 AM
Gibson refinances several obligations (http://www.nashvillepost.com/business/music-business/article/20854015/gibson-refinances-several-obligations)
In the meantime, here's the latest example of Gibson promoting itself as a lifestyle brand.  :puke:

https://www.youtube.com/watch?v=CGlhhoEx5PI&feature=youtu.be

Good. F*cking. Grief.

While I don't advocate violence towards women, the look on that ginger's face at the 57 second mark just made want to punch her in the throat.  'I has a guitar!  I has a guitaaaaar!'  Same goes that bloke with the blue 335.
Title: Re: Gibson's financial troubles -- updated
Post by: the mojo hobo on March 13, 2017, 10:25:29 AM
You would think in this day and age that some one posting a video to you tube would know to shoot it in landscape mode.

And Uwe, that video would be much better viewed at a higher resolution than 360p.
Title: Re: Gibson's financial troubles -- updated
Post by: dadagoboi on March 13, 2017, 10:56:37 AM

While I don't advocate violence towards women, the look on that ginger's face at the 57 second mark just made want to punch her in the throat.

Sounds to me like that's exactly what you're advocating.
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 13, 2017, 11:25:28 AM
Naw, I'm with him, call it "exertion of light physical educational/correctional measures against sheer dumbness and bad taste". That is plain horrible - even at real fashion shows where instruments are only props they do it better than this. And I'm not even complaining about the girls and the blond guy obviously not being able to play or even hold a guitar properly - that can have its charm as witnessed in the Robert Palmer vid. The choreography is below high school fashion volunteer class.

It's meanwhile become a clichée, but if you want to combine models, catwalks, rock star chic and a couple of instruments, then watch a George Michael or a Lenny Kravitz video first and work from there. Or this here, it was only 25 years ago today:

 https://www.youtube.com/watch?v=i7iQbBbMAFE

Alternatively, get Karl Lagerfeld to help you if you want to do that lifestyle brand thing seriously. But don't embarrass yourself and your product.

Title: Re: Gibson's financial troubles -- updated
Post by: lowend1 on March 13, 2017, 01:38:14 PM
Hmmm - nothing with black hardware...  :popcorn:
Title: Re: Gibson's financial troubles -- updated
Post by: Grog on March 13, 2017, 02:06:23 PM
Gibson refinances several obligations (http://www.nashvillepost.com/business/music-business/article/20854015/gibson-refinances-several-obligations)

S&P Global Ratings says there's a "material refinancing risk" with $375 million in secured senior notes coming due in 18 months and have changed the company's outlook to negative. Total debt is $512 million.

Maybe -- just maybe -- secured debtors will take controlling ownership in return for debt and force Henry J. out.

In the meantime, here's the latest example of Gibson promoting itself as a lifestyle brand.  :puke:

https://www.youtube.com/watch?v=CGlhhoEx5PI&feature=youtu.be



At least they spared us the embarrassment of prancing around with a Gibson bass.............
Title: Re: Gibson's financial troubles -- updated
Post by: clankenstein on March 13, 2017, 02:12:32 PM
What they needed was someone to jump up and preform a Who on the Smothers Brothers show guitar deconstruction.
Title: Re: Gibson's financial troubles -- updated
Post by: Pilgrim on March 13, 2017, 03:10:14 PM
You shouldn't steal from the dead. Especially if it's done as lamely as Gibson has.

https://www.youtube.com/watch?v=XcATvu5f9vE

I have always considered this video one of the most brilliant packaging and marketing jobs ever done. Take a simple, straightforward number, put five beautiful bra-less women with slicked-down hair and white makeup with brilliant red lips on the screen dancing. Stand in front, sing.

Reminds me of one definition of advertising (paraphrased): "An attractive girl holding, using, or standing next to, the object to be sold."

Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 13, 2017, 05:18:55 PM
I guess this means no one wants to talk about Gibson's financial situation.

I'll just post this again.

(http://img.photobucket.com/albums/v104/davepix/humor/Henry_J_Capture_zpsofbovwkm.jpg)
Title: Re: Gibson's financial troubles -- updated
Post by: lowend1 on March 13, 2017, 08:40:50 PM
(http://i6.photobucket.com/albums/y247/lowend1/Rodney_zpsmzvwi2hl.jpg) (http://s6.photobucket.com/user/lowend1/media/Rodney_zpsmzvwi2hl.jpg.html)
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 14, 2017, 03:04:07 AM
Oh shucks, when eveyone wants to talk about the models, Dave is adamant to hold economics class ...  :-\

Well, at least Gibson are still in a position to secure refinancing deals. I had feared they were already beyond that point. The overall debt is still oppressive.

I'm not worried about the guitar business though - Gibson USA and Epiphone as the low budget outlet will always find a buyer, those are established brandnames and Gibson instruments have an own identity and a grand heritage. It is everything else in the Gibson kingdom of companies that should be worried. What I rule out is that should Gibson ever be put under administration that there will be a white knight to buy it all. People will be looking for the tenderloin and the group will be torn to shreds.

Back to the girls: Robert Palmer knew his limits. Great singer and songwriter that he was, he felt incredibly uncomfortable on stage and it always showed. He didn't like touring (he jumped ship on the Power Station tour, they had to do Band Aid without him), he liked being creative in the studio. I remember a TV live show with him

https://www.youtube.com/watch?v=P1OcqPrTpH4

and it was painful to watch - he had zero stage presence, was unable to move to the music (astonishing for someone with as good a rhythmic feel in his singing and playing, he liked to play bass too), but never sang a bum note. Like a shy accountant dragged on stage to debut a song at some corporate event.  I guess he probably tried/was advised to pattern hiimself after an 80ies Bowie - it didn't work at all. Putting him in front of a couple of 80ies model goddesses was his best bet and it sure worked with that iconic video.

Ironically, he left Vinegar Joe (where he sang and played guitar) in the early seventies because he constantly felt overshadowed by Elkie Brooks' Tina Turner impersonations (Elkie sure had no issues connecting with an audience), yet once on his own he could never fill the shoes of a frontman credibly.

https://www.youtube.com/watch?v=HPED5-u_i88

I still like his music a lot though. He had other strengths and most of his work has aged well, unlike a lot of other 80ies singers, he never oversang. Pity about the coke addiction doing him in years after he had given up the habit - your heart muscle never forgets.


Title: Re: Gibson's financial troubles -- updated
Post by: 4stringer77 on March 14, 2017, 07:03:34 AM
Some sweet axes in that vinegar joe vid. Bet that's an original late 50s Precision with the anodized guard and the NR firebird was cool to see as well.
I think Dangerfield had grave's disease but Henry J might just be legitimately bonkers.
*Grave's disease is also why Heino wore the shades.
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 14, 2017, 08:07:43 AM
OMG, someone who knows Heino here!!!  :mrgreen: :mrgreen: :mrgreen:

https://www.youtube.com/watch?v=yy-ujMo8bdM

https://www.youtube.com/watch?v=Y4X33xnSfC0

https://www.youtube.com/watch?v=qx9HEn8aq1c

No refuge is safe these days!

Title: Re: Gibson's financial troubles -- updated
Post by: TBird1958 on March 14, 2017, 09:24:08 AM


 Dear God, I wish someone with $$$ and some common sense would buy Gibson, it's painful to watch.

FWIW I really like Robert Palmer, we play "Addicted to Love" as an early in the evening standard, it never fails to get people's assess onto the dance floor.

 https://www.youtube.com/watch?v=5dUF0Q8-QWo
Title: Re: Gibson's financial troubles -- updated
Post by: lowend1 on March 14, 2017, 09:35:01 AM
OMG, someone who knows Heino here!!!  :mrgreen: :mrgreen: :mrgreen:
No refuge is safe these days!

Damn straight!
(http://i6.photobucket.com/albums/y247/lowend1/InRockde.jpg) (http://s6.photobucket.com/user/lowend1/media/InRockde.jpg.html)
Title: Re: Gibson's financial troubles -- updated
Post by: Pilgrim on March 14, 2017, 10:03:29 AM
I figure that most of everything is owned by Coca-Cola or Sony. Or the Trilateral Commission. Or Gnomes.

Most of them would do better than Henry, although the Gnomes might make tiny instruments that we can't play.

Mark, that is a killer sound on Addicted to Love. Great punch, sounds perfect in that mix!
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 14, 2017, 10:07:33 AM
A debt for equity swap would be the best case scenario for the Gibson brand, considering the current situation, so long as the rescuing debt holder brings in new management. In any case, the brand will not go away. Much too valuable. Worst case scenario would be having the name sold off without the physical assets.

Robert Palmer uncomfortable on stage? Really? Granted, he's no Iggy, but compared to a live performance by Moon Martin, who wrote this, Palmer was a bundle of energy. Besides, back then Martin looked like an old maid schoolteacher.

https://www.youtube.com/watch?v=kJlOzcsJn_s
Title: Re: Gibson's financial troubles -- updated
Post by: patman on March 14, 2017, 10:08:38 AM
Agreed. Great sound.

Is there a distortion device employed, or is that what a T-bird sounds like opened up loud?

Maybe a tube amp? Very assertive sound.
Title: Re: Gibson's financial troubles -- updated
Post by: Pilgrim on March 14, 2017, 10:25:22 AM
I liked a lot of Palmer's stuff, and he was pretty versatile.

I like Every Kinda People too...hard to believe this dates to the 70's...
https://www.youtube.com/watch?v=XwCHFaarTjY
Title: Re: Gibson's financial troubles -- updated
Post by: TBird1958 on March 14, 2017, 11:31:27 AM
Agreed. Great sound.

Is there a distortion device employed, or is that what a T-bird sounds like opened up loud?

Maybe a tube amp? Very assertive sound.

 It's a Burny Thunderbird, set neck bass. It's pretty light and has the biggest headstock of any Thunderbird - Absolute boat paddle. The amp is a GK 700RBII with a Line6 basspod live in front of it, no distortion pedal, through two 4x10SBX cabinets. 


The Mother of all Headstocks
The stock pickups were black plastic, I cut the covers off and replaced the with some polished nickel ones from Mike Lull, they're a perfect match for the stock hardware - It's a nice variation on chrome.
 (http://i222.photobucket.com/albums/dd306/veronicasteed/burny/birds028.jpg)



I figure that most of everything is owned by Coca-Cola or Sony. Or the Trilateral Commission. Or Gnomes.

Most of them would do better than Henry, although the Gnomes might make tiny instruments that we can't play.

Mark, that is a killer sound on Addicted to Love. Great punch, sounds perfect in that mix!


Thanks Al!
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 14, 2017, 12:12:46 PM
A debt for equity swap would be the best case scenario for the Gibson brand, considering the current situation, so long as the rescuing debt holder brings in new management. In any case, the brand will not go away. Much too valuable. Worst case scenario would be having the name sold off without the physical assets.

Robert Palmer uncomfortable on stage? Really? Granted, he's no Iggy, but compared to a live performance by Moon Martin, who wrote this, Palmer was a bundle of energy. Besides, back then Martin looked like an old maid schoolteacher.

https://www.youtube.com/watch?v=kJlOzcsJn_s

Yeah, but Moon Martin had that Ric Ocasek nerd appeal. Palmer looked like a male model, but he could not do those suave crooner moves you would expect from his looks. I forgive him for not being a chest-pounding rock beast, not everybody has to be. But as I said, I like his work and was a devout Power Station fan at the time.
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 14, 2017, 05:23:54 PM
https://www.youtube.com/watch?v=oTZkDc71SCc

https://www.youtube.com/watch?v=5NPH9CuTDMs
Title: Re: Gibson's financial troubles -- updated
Post by: chromium on March 14, 2017, 07:24:39 PM
Gah!  :o

Henry J needs to hire this guy for demos...

https://www.youtube.com/watch?v=ImRLGHvSNjI
Title: Re: Gibson's financial troubles -- updated
Post by: OldManC on March 14, 2017, 08:54:41 PM
Robert Palmer was one of my favorites the minute I bought Secrets. When Clues came out I wasn't sure what to think but once I listened a few times that grew on me too. I loved that he didn't sound like most of what I was listening to at the time. And as much as I liked that Power Station album, I always felt it was a step down for him, creatively.
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 14, 2017, 09:09:43 PM
Gah!  :o

Henry J needs to hire this guy for demos...

https://www.youtube.com/watch?v=ImRLGHvSNjI

That's the amazing Greg Koch, a/k/a the Gristleman. You probably already knew that. He's done a lot of demo videos for Wildwood.

Whatever happened to the Dick Butkus lookalike guy who demoed the Fireturd X when it was announced?
Title: Re: Gibson's financial troubles -- updated
Post by: doombass on March 15, 2017, 03:32:31 AM
I guess most musicians don't really get too hungup on the "Lifestyle"-promoting Gibson has been up to lately, at least not in the aspect of the heritage. It will probably remain a classic honorable guitar brand.  What Gibson are doing now I believe is ruining their present sales not only by releasing guitar features only a minority is interested in, but also this Lifestyle-BS. Who are they reaching out to in the first video of this thread? Musicians? Not even a fashion-minded rockstar would be turned on by it, even though rockstars and models have a tightly knitten history together. A rockstar does'nt want the models whimsing around with the guitars anyway. A Gibson guitar as a fashion accessory? I still think cute purses, bags and jewelry will stand the test of time.

New style of sound: http://www.gibson.com/Products/Microsites/gibsonsxsw/Event-Schedule/fashion-show.aspx (http://www.gibson.com/Products/Microsites/gibsonsxsw/Event-Schedule/fashion-show.aspx)

Quote
March 11
Fashion Show
Start Time: 6:00 pm

Gibson Brands, the premier music lifestyle brand, is partnering with SXSW and Neiman Marcus to bring its “New Style of Sound” fashion show to Austin as the official kickoff to SXSW Style on March 11, 2017. The “SXSW Style Kickoff Party Presented by Gibson Brands” will take over the Vaughn in downtown Austin with a high-energy runway event pairing innovative products from the Gibson Brands family with fresh, spring styles from Neiman Marcus, all backed by beats from DJ Wade Crescent and a live performance from Erika Wennerstrom (Heartless Bastards). The exclusive evening will also feature live sets from buzzworthy artists including Emily Wolfe, Band of Heathens and The Shelters following the fashion show.

Nice to see that a member of the Heartless Bastards and the Band of Heathens are all in good support of this event. Nice pick Gibson!
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 15, 2017, 06:18:55 AM
Robert Palmer was one of my favorites the minute I bought Secrets. When Clues came out I wasn't sure what to think but once I listened a few times that grew on me too. I loved that he didn't sound like most of what I was listening to at the time. And as much as I liked that Power Station album, I always felt it was a step down for him, creatively.

Power Station didn't have exactly cerebral lyrics nor the most gifted songwriting, 'tis true. But I loved the sonics of that band, the interplay between drums, bass and guitar and the state of the art, but very much into your face production. It was a bit like a stylish porn flic.
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 15, 2017, 09:10:48 AM
Press release (http://www.crossroadstoday.com/story/34623356/b-riley-co-acts-as-financial-advisor-in-the-senior-refinancing-of-gibson-brands-inc) from the loan shark investment bank behind Gibson's refinancing.
Title: Re: Gibson's financial troubles -- updated
Post by: Basvarken on March 15, 2017, 09:52:25 AM
Power Station didn't have exactly cerebral lyrics nor the most gifted songwriting, 'tis true. But I loved the sonics of that band, the interplay between drums, bass and guitar and the state of the art, but very much into your face production. It was a bit like a stylish porn flic.
Hmmm..guess we are going to have to agree to disagree.
Living in fear is an excellent album. With some great lyrics.

https://www.youtube.com/watch?v=ZlnPRjZeIU4
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 15, 2017, 11:26:58 AM
I like that second album too, but it is a much more somber affair than the hedonistic gung-ho debut. You're the first person - besides me - that admits to liking the Power Station! As with Tin Machine, I sometimes think I'm the only person on earth that really liked them back then and still listens to them today.
Title: Re: Gibson's financial troubles -- updated
Post by: TBird1958 on March 15, 2017, 11:46:53 AM

 I Like Power Station, the recorded sound of the drums on the first record, really good!
Title: Re: Gibson's financial troubles -- updated
Post by: uwe on March 15, 2017, 02:25:11 PM
Yup, that sound has never been repated.

But then Chic could do no wrong for me either.
Title: Re: Gibson's financial troubles -- updated
Post by: westen44 on March 16, 2017, 12:53:14 PM
Gibson is now making watches on the side.

https://www.ultimate-guitar.com/news/general_music_news/gibson_is_making_watches_now_they_cost_more_than_their_guitars.html
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 16, 2017, 02:11:16 PM
Gibson is now making watches on the side.

https://www.ultimate-guitar.com/news/general_music_news/gibson_is_making_watches_now_they_cost_more_than_their_guitars.html

(http://img.photobucket.com/albums/v104/davepix/humor/facepalm_implied.jpg)
Title: Re: Gibson's financial troubles -- updated
Post by: westen44 on March 16, 2017, 02:35:18 PM
I anticipate the next development will be some kind of collaboration between Gibson and Gwyneth Paltrow on a totally useless and overpriced novelty item. 
Title: Re: Gibson's financial troubles -- updated
Post by: Pilgrim on March 16, 2017, 06:03:49 PM
Gibson marketing I witnessed in Tokyo recently:

(http://i83.photobucket.com/albums/j306/apowell1/Electric%20Basses/Amps-Speakers/IMG_20170221_173206757_HDR_zpsxypfzutc.jpg)
Title: Re: Gibson's financial troubles -- updated
Post by: TBird1958 on March 16, 2017, 06:38:25 PM
Gibson marketing I witnessed in Tokyo recently:

(http://i83.photobucket.com/albums/j306/apowell1/Electric%20Basses/Amps-Speakers/IMG_20170221_173206757_HDR_zpsxypfzutc.jpg)


 One measely bass too....Don't forget!   :o
Title: Re: Gibson's financial troubles -- updated
Post by: gearHed289 on March 17, 2017, 06:49:11 AM
You're the first person - besides me - that admits to liking the Power Station! As with Tin Machine, I sometimes think I'm the only person on earth that really liked them back then and still listens to them today.

*Raises hand*
Title: Re: Gibson's financial troubles -- updated
Post by: Blackbird on March 17, 2017, 07:06:50 AM

 One measely bass too....Don't forget!   :o

..I gotta say tho...that 2015 Tbird is their best Bird to date.  There's one here locally that is great. Too bad. 
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 17, 2017, 11:43:26 AM
A record collector friend of mine posted a YT video of a newer Stanton turntable shown at NAMM. You could see Gibson Brands signs right by it. I knew they had bought Onkyo and had part ownership of Tascam/TEAC but don't remember reading that they had bought Stanton. No wonder they're overextended.
Title: Re: Gibson's financial troubles -- updated
Post by: Highlander on March 17, 2017, 11:50:40 AM
I've done some work in power stations... does that count...?
Title: Re: Gibson's financial troubles -- updated
Post by: the mojo hobo on March 20, 2017, 02:17:02 PM
Maybe Henry is trying to keep up with the competition.

http://www.beetle.com/hk/en/home/Models/Lifestyle/Fender.html

http://shop.fender.com/en-US/collectibles/factory-collectibles/strat-cutting-board---figured-maple/9124781000.html#start=1

(http://www.fmicassets.com/Damroot/MedJpg/10001/9124781000_merch_frt_001_nr.jpg)
Title: Re: Gibson's financial troubles -- updated
Post by: Highlander on March 20, 2017, 04:59:12 PM
That takes the biscuit... with a nice bit of Cheddar... :mrgreen:
Title: Re: Gibson's financial troubles -- updated
Post by: Rob on March 20, 2017, 05:16:44 PM
That takes the biscuit... with a nice bit of Cheddar... :mrgreen:
And grits
Title: Re: Gibson's financial troubles -- updated
Post by: Dave W on March 20, 2017, 07:21:46 PM
Fender actually knows how to do it. It helps that the company isn't run by a crazed narcissist.

OTOH Fender is missing the boat by not selling alder grilling planks. They give the fish (or veggies) much better tone than ash or maple.  :)
Title: Re: Gibson's financial troubles -- updated
Post by: Highlander on March 21, 2017, 04:46:16 PM
... and Stratocaster chips for a smokin' hot barbie...?