Monday, February 19, 2018

Gibson guitar company facing down possibility of bankruptcy after 116 years in business

It's gotten a little coverage here and there, but the main thing is, as a guitarist, this is kind of the news that guitarists would want to hear something about.

http://www.ajc.com/news/national/gibson-guitar-company-maker-the-les-paul-facing-bankruptcy-after-116-years-business/OlaIEYdtLEv1rP92RvZFrM/

Not really thinking I'll rehash the last four to five years of the history of drama associated with Gibson for guitarists, who should already know the basics about that stuff.  This is not exactly the kind of blog that, if known about, is known for getting newbies gently caught up to speed about anything. Either you already know or you don't (and that's not even necessarily a bad thing).

So, anyway, that's a headline to bear in mind.

2 comments:

chris e said...

The Gibson business itself is relatively profitable - even if its built on the 'heritage' market (middle aged men with wallets and a midlife crisis). The issue lies in the acquisitions made with debt that have proven to be unprofitable.

If I had the money and inclination, I'd go for a Heritage or Eastman over Gibson any day, but then I'm not their target market.

Wenatchee the Hatchet said...

over the last twenty years I stopped playing and writing songs in a would be prog rock band, so there's just no reason for me to go get an ES any more. I wanted a Gibson back in my 20s because their famous hollow-body has a gorgeous sound but I've spent so much time writing and playing classical guitar in the last twenty years I dropped that youthful dream.

My mid-life ambitions for guitar is to write a second set of 24 preludes and fugues for solo guitar. :)

Been listening to Carlos Guastavino's guitar sonatas lately, which I was introduced to at a recital given by Daniel Corr. The first of the three sonatas is particularly fun but all three of them are nice pieces.

They're way more on the avant garde side of things but Angelo Gilardino's guitar sonatas are all really good. Hope to blog about them later this year.