2014's Distributor Profiles
Imation announced last week, as part of its quarterly earnings release, that it has sold XtremeMac to an undisclosed party. The reason for the sale, the company said, was "to divest lower margin, non-core businesses."
Industry veteran and longtime Maxell executive Don Patrican died Sunday, Feb. 3, after a long battle with cancer.
Clarion Corp. said this week that Allen H. Gharapetian joined the company as vice president of marketing last month. He is a veteran of SRS Labs, Memorex and Targus Group.
Memorex will introduce a new line of family-oriented audio products at International CES next month, including a trio of speaker systems and three pairs of headphones that are meant to work with portable devices.
Consumers with connected devices in the living room are watching about four transactional video-on-demand (VOD) movies a month, according to Sonic Solutions CEO Dave Habiger. In a call following the Novato, Calif.-based company’s quarterly financial results, Habiger said the data is based on a consumer purchasing at least one VOD transaction per month for three consecutive months. He said the pattern, which is up 136% up from last year, makes that consumer likely to watch four VOD movies per month going forward. Habiger said digital distribution of movies through the Internet continues to encroach upon packaged media
Petra Industries Wednesday announced the release of its Spring 2010 catalog. The 1,200 -page catalog includes more than 500 manufacturers, including Canon, Sony, Olympus, JVC, Philips, Garmin, Clarion, Olympus, RCA, Monster, iLuv, Belkin, Memorex, Peerless, Maxell, Motorola, Pentax and Panasonic.
KMG Digital announced today that Eastman Kodak Company has designated KMG as the exclusive worldwide licensee for Kodak branded optical blank media products and media accessories.
Imation Corp. Thursday reported a $57.6 million loss for the most recent quarter, which was largely due to a $49 million settlement due to the company's settlement with Philips.