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#103880 - 09/03/06 09:13 AM I heard today that GC owns Harmony Central
DanO1 Offline
Senior Member

Registered: 01/31/01
Posts: 3602
Loc: Maryland
This is what I heard from another independant music dealer... Interesting if true.
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#103881 - 09/03/06 10:52 AM Re: I heard today that GC owns Harmony Central
RobertG Offline
Member

Registered: 05/08/06
Posts: 464
Loc: Southeastern PA, USA
Extremely unlikely considering that HC accepts ads from other retailers such as Musician's Friend and Sweetwater. How do you think the shareholders of publicly-traded GC would feel about that?

HC lists no reference to GC on their about page.
http://www.harmony-central.com/Info/about.html

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#103882 - 09/03/06 11:21 AM Re: I heard today that GC owns Harmony Central
Ensnareyou Offline
Member

Registered: 03/31/02
Posts: 491
Loc: California
Quote:
Originally posted by RobertG:
Extremely unlikely considering that HC accepts ads from other retailers such as Musician's Friend and Sweetwater. How do you think the shareholders of publicly-traded GC would feel about that?

HC lists no reference to GC on their about page.
http://www.harmony-central.com/Info/about.html


GC owns Musicians Friend but I'm not sure about Sweetwater. It wouldn't surprise me if they owned a majority interest in Sweetwater since GC is doing its best to buy every music store they can across the country. GC is the Wal Mart of Music and their buying power and marketing strategy are unmatched by any other retailer.

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#103883 - 09/03/06 11:23 AM Re: I heard today that GC owns Harmony Central
ViLo Offline
Member

Registered: 06/30/01
Posts: 461
Loc: Dallas Tx., USA
Musicians Friend Owns Harmony Central...

GC Owns MF



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#103884 - 09/03/06 11:31 AM Re: I heard today that GC owns Harmony Central
ViLo Offline
Member

Registered: 06/30/01
Posts: 461
Loc: Dallas Tx., USA
Quote:
Originally posted by Ensnareyou:
GC owns Musicians Friend but I'm not sure about Sweetwater. It wouldn't surprise me if they owned a majority interest in Sweetwater since GC is doing its best to buy every music store they can across the country. GC is the Wal Mart of Music and their buying power and marketing strategy are unmatched by any other retailer.


GC Is also buying Hermes Music stores in Texas and Mexico..... http://phx.corporate-ir.net/phoenix.zhtml?c=105057&p=irol-newsArticle&ID=859206&highlight=

The link does not mention the Mexico stores..but according to a MGR friend of mine it'll happen by the end of the year or the begining of next year.


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HE'S COMING, MAKE MUSIC, GET READY! smile

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#103885 - 09/03/06 11:41 AM Re: I heard today that GC owns Harmony Central
Chris Valenti Offline
Member

Registered: 07/06/05
Posts: 123
Loc: Florida
" On June 10, 2005, our Musician's Friend unit completed the asset acquisition of Harmony-central.com, an Internet content and information site. The acquired company is seperately maintained and operated by Musician's Friend as as Harmony Central Group LLC."

Source: guitarcenter.com 2005 financial statement/prospectus .pdf

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http://www.soundclick.com/bands/pagemusic.cfm?bandID=235791

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#103886 - 09/03/06 11:44 AM Re: I heard today that GC owns Harmony Central
Chris Valenti Offline
Member

Registered: 07/06/05
Posts: 123
Loc: Florida
Quote:
Originally posted by Chris Valenti:
" On June 10, 2005, our Musician's Friend unit completed the asset acquisition of Harmony-central.com, an Internet content and information site. The acquired company is seperately maintained and operated by Musician's Friend as as Harmony Central Group LLC."

Source: guitarcenter.com 2005 financial statement/prospectus .pdf, p.48





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http://www.soundclick.com/bands/pagemusic.cfm?bandID=235791

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#103887 - 09/03/06 12:13 PM Re: I heard today that GC owns Harmony Central
DanO1 Offline
Senior Member

Registered: 01/31/01
Posts: 3602
Loc: Maryland
Interesting stuff ....

Bank of America owns the Gibson - Ephiphone and Baldwin trade names. FYI

You can get ephiphone at Walmart !
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#103888 - 09/03/06 01:51 PM Re: I heard today that GC owns Harmony Central
RobertG Offline
Member

Registered: 05/08/06
Posts: 464
Loc: Southeastern PA, USA
Chris: Good sleuthing. Shows what I don't know. Which is much.

Search the below PDF for what Chris found.
http://media.corporate-ir.net/media_files/irol/10/105057/reports/ar05.pdf

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