Faced with the prospect of paying off $500 million in debt—while tech giants like Apple, Google, and Amazon enter the speaker market—Gibson was forced to file for Chapter 11. Luckily, this doesn’t mean rockers won’t be able to replace the Gibson Les Pauls they smash on stage. The company reached a deal with its debtors that will let it continue to make its iconic guitars, as well as the other musical instruments it sells under brands including Baldwin pianos, Wurlitzer, Dobro, Epiphone, KRK, and Cerwin Vega.
Article source here:Arts Journal
No comments:
Post a Comment