Galactic Brings The Funk To Brooklyn Bowl

first_imgNew Orleans funk favorites Galactic have been around the block, playing festivals and iconic venues left and right, but they clearly feel right at home at Brooklyn Bowl. Their annual mid-summer run at the Williamsburg staple always feels like a giant Jazz Fest reunion, and last night was no exception.Vocalist Erica Falls dominated the stage for much of the show. The powerhouse is essentially part of the band at this point, adding another level of deeply soulful flavor to the 5-piece ensemble. Longtime touring trombonist Corey Henry helped keep energy levels through the roof throughout the horn-heavy NOLA dance party.The band cycled through their career-spanning catalogue, tackling newer tunes off their most recent release Into the Deep, while getting the crowd hyped with all the classics like “Hey Na Na” and “Heart of Steel”. The New Orleans spirit in the room last night was palpable.The funk outfit will return to the Bowl for the second and final night of the run this evening.Photos by Mark Dershowitz: Load remaining imageslast_img read more

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Chuck Schumer Teams Up With Lin-Manuel Miranda and ‘Hamilton’ To Fight Cyber Scalping

first_imgNew York’s Senator Chuck Schumer has started a new chapter in his campaign against ticket scalping bots. A long time friend of the ticket buying consumer, Schumer is fighting against cyber-scalpers who use these bots to take thousands of in-demand tickets to popular concerts and Broadway shows off the market before real fans have a chance to purchase them.Schumer enlisted the help of Hamilton creator, Lin-Manuel Miranda, to help get his point across. Hamilton has been plagued with ticketing issues, with tickets for the extremely in-demand Broadway show often ending up being resold at huge markups. The average $189 ticket can often go for anywhere between $500 and $2000, an absolutely ridiculous mark-up for a ticket that is already highly priced in an attempt to take advantage of a rabid market.New Petition Urges Congress To Pass Bipartisan Bill Banning Scalper BotsThe Senator’s office provided some shocking statistics to go along with this announcement to help drive the point home. Between 2012 and 2014, three scalpers bought more than 140,000 tickets to New York shows and concerts using bots. 20,000 tickets to Hamilton have been scalped because of bots. Shockingly enough, scalpers earned more than $15.5 million on Hamilton tickets from the time the show opened until Miranda’s last performance earlier this summer. Ticketmaster has stated that an estimated 60 percent of the best tickets to any event are purchased by bots. Schumer has put legislation forward that would stop the ridiculous and immoral use of software to work around securities employed by ticketing companies. If this law is passed, anyone who uses bots or other software to stop concertgoers from having a fair shot at purchasing tickets to an event will be subject to federal punishment. The bill is called the “Better On-line Ticket Sales Act of 2016”, otherwise known as the BOTS Act.Schumer said in a statement:“It’s plain and simple, we need to sweep the stage of bots so that actual fans can enjoy Hamilton, other hit Broadway shows and major concerts. Hackers and other bad actors are taking advantage of fans and we need to put a stop to it. These bots have gotten completely out of control and their dominance in the market is driving up prices for music and sports fans as well as tourists and theater-goers. This new legislation, now supported by Lin-Manuel Miranda, will crack down on online hackers and scalpers that use ‘bots’ to purchase thousands of tickets in a matter of milli-seconds, and then sell them at outrageously-inflated prices…By eliminating ‘bots’ and slapping hackers with a hefty fine, we can better ensure those who want to attend shows in the future will not have to pay outrageous, unfair prices. I hope that my colleagues in Congress will pass this bipartisan legislation so that consumers have equal access to these tickets.”One can only hope that this legislation passes, giving ticket purchasers protection under federal law and fundamentally changing the ticketing business in one fell swoop. Fans deserve a fair shot, and Senator Schumer is trying his hardest to give us that fair shot. Kudos to Senator Schumer for fighting for the people!last_img read more

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Journey The Cosmos With TAUK’s New Album, “Sir Nebula” [Review/Stream]

first_imgThe upward trajectory of progressive rockers TAUK reads like a fairy tale for musicians. Formed on Long Island, TAUK quickly made a name for themselves in the jam scene with their unique sound. So unique, in fact, that it poses a challenge to summarize in words. It’s as if the band Rush dialed up the funk, and made their music entirely instrumental. The band sticks to their sound with a steadfast diligence on their third album, Sir Nebula, and it pays off in scores.Listen to the full Spotify stream below, and read on for the review that follows.With the instrumental nature of the album, it’s guitarist Matt Jalbert and keyboardist Alric “A.C.” Carter who really have a chance to offer enchanting melodies. Jalbert gets the first notes of Sir Nebula, with a slow-building introduction on “Horizon.” Carter accompanies with otherworldly synth tones, before the full rhythm section kicks into gear. Enough cannot be said about the bass-drums combination of Charlie Dolan and Isaac Teel, who create one of the tightest pockets in the scene. With such a high level of rhythmic musicianship, the stage is set for Jalbert and Carter to explore.If “Horizon” is subtle in into introduction, the next song, “Informant” dials in the listener with some serious funk. The song takes an ethereal turn midway through, with an edge that is uniquely TAUK. Meanwhile, tracks like “Time’s Up” and “Resolve” draw on more emotional tones, luring in listeners with drawing melodies.From cover to cover, Sir Nebula is distinctly TAUK. Their tight musicianship underlies their ability to transition through various sections, as evidenced on literally every track in this new album. It’s no wonder that the band has seen such a rise in popularity over the years, and has even had the opportunity to perform with Umphrey’s McGee members for the occasional TAUKing McGee performance. It’s amazing what this band has been able to accomplish in such a short time frame.Perhaps the one surprise on Sir Nebula is “Darkwing,” a song that opens onto an eloquent piano introduction. The change of pace does the band well, setting the stage for what ultimately transforms into a truly raging song. Once that guitar riff hits, there’s no turning back!All in all, Sir Nebula is twelve tracks of TAUK doing what they do best. The band has found a sound that works for them, digging into elements of progressive, rock, funk, and jazz, all the while maintaining a toe-tapping, unrelenting energy. The sheer tightness displayed on Sir Nebula makes this release one of their best, as TAUK’s new music pushes them further than ever before. Their patience shines through, as each composition seems to build into an all-out frenzy. It’s a great listen, cover to cover.TAUK will be holding a two-night album release party at the Brooklyn Bowl beginning tonight, September 16th, and tomorrow September 17th. For more information, head here. As we once said about this band several years ago: “In short, TAUK is unstoppable. If you haven’t see them, dear God, go.” They’ve only gotten better.last_img read more

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Organ Freeman To Support Reggie Watts in L.A.

first_imgIt’s about time the world gets acquainted with Organ Freeman, the funky L.A. trio with the best band name. West coast fans will get their chance to catch our new favorite funk band on December 6th, 2016 at the intimate El Cid in Los Angeles. The soulful-yet-peppy blend of instrumental jazz fusion trio will open for the legendary musical comedian Reggie Watts, rounding out a night complete with grooves, moves, and hilarious attitudes. If you haven’t checked these guys out on Spotify, be sure to do so as soon as humanly possible. You’ll thank us later.Watch Organ Freeman’s video for “We’re On Our Way”:Tickets will be sold for $10 at the door. Don’t miss out!last_img read more

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The String Cheese Incident Makes “Joyful Sound” For Second Riviera Maya Performance [Setlist]

first_imgLos Muertos Con Queso wraps up today with two sets each from String Cheese and the weekend’s special Lost Muertos band, featuring Bill Kreutzmann, Dave Schools, Jeff Chimenti, Tom Hamilton and a (hopefully) fully recovered Bob Weir.Setlist: The String Cheese Incident | Los Muertos Con Queso | Riviera Maya, Mexico | 1/27/17Set 1: Lonesome Fiddle Blues, These Waves, Let’s Go Outside, Barstool, Joyful Sound, Sand Dollar, That’s What Love Will Make You Do*Set 2: Beautiful, Close Your Eyes -> Mouna Bowa, Sing A New Song -> Rivertrance, Can’t Wait Another Day > RosieEncore: Under African Skies > Orange Blossom Special > Colorado Bluebird Sky*w/ Jackie Greene and Jason Crosby[Photo, setlist via SCI Twitter] The band delivered a joyful performance, featuring a few subtle nods to the beachfront locale (“These Waves,” “Let’s Go Outside,” “Sand Dollar,”). The show also featured a variety of excellent improvisational moments and segues, including a beautiful “Beautiful” and a pair of seamless second set segues (“Close Your Eyes” -> “Mouna Bowa”; “Sing A New Song” -> “Rivertrance”). The band finished set two strong with a high-energy “Rosie” before returning to the stage for a two-song, “sky”-themed encore of “Under African Skies” -> “Colorado Bluebird Sky”. You can check out some fan-shot videos of the show below via Instagram: Yesterday, Los Muertos Con Queso continued in Mexico with two sets from The String Cheese Incident as well as a performance by Jackie Greene. Following an excellent performance the previous night, String Cheese returned to the Riviera Maya venue for their second of three performances at the event.last_img read more

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Soule Monde To Celebrate Release Of Sophomore Album At The Hamilton In D.C.

first_imgRay Paczkowski and Russ Lawton are well-known as the dynamic duo that has been providing the groove for Trey Anastasio Band for many years now. Their own act, Soule Monde, is avant funk at its best, with plenty of fluidity and ultra-inspired improvisation. With the release of their sophomore album, Must Be Nice, just last week, the duo is heading to Washington D.C.’s The Hamilton Live on Thursday, March 17th – which also happens to be St. Patrick’s Day (purchase tickets here).With Lawton on drums and Paczkowski on the Hammond B3, you can expect some Vulcan mind meld type music, as these two have a deep musical bond that goes way out into deep space. Both have extensive resumes as individual artists, having played with Anastasio, Santana, Rolling Stones, Dave Matthews, Victor Wooten, and many more over the course of their careers. You can get a taste of the new album with the official video for the new song, “Rocket,” below.The Hamilton Live, named after Founding Father Alexander Hamilton, is one of D.C.’s most exceptional venues, located just two blocks from The White House. The venue offers a delicious menu for patrons to enjoy prior to the show over in the restaurant, or during the show.Tickets for Soule Monde at The Hamilton in D.C. are currently on sale and can be purchased here. For show updates and additional information, check out the Facebook Event page.[cover photo of Andrew Scott Blackstein Photography]last_img read more

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The String Cheese Incident Busted Moves Like Jagger On Opening Night Of Electric Forest

first_imgAudio of the band’s three-set show tonight will be streamed live by the band at mixlr.com/livecheese, beginning at 7pm Eastern Time.As always, last night’s String Cheese Incident show is available for download at LiveCheese.com.SETLIST: The String Cheese Incident | Electric Forest | Rothbury, MI | 6/22/17 S1: Rollover > One Step Closer > Rhum N’ Zouc, You’ve Got The World > Sweet Spot, Search, Colliding > Moves Like Jagger > CollidingS2: Joyful Sound > Rumble, Water > Bumpin’ Reel, Piece Of Mine, BeautifulE: Miss Browns Teahouse, Sympathy For The Devil[cover photo via String Cheese Incident Facebook page] The String Cheese Incident returns to Electric Forest’s Ranch Arena for a three-set performance which, according to the Electric Forest Twitter page including pictures of artists like Robert “Sput” Searight, Kamasi Washington, Matisyahu, members of The Floozies and more, looks like it will feature its fair share of special guests: Last night, The String Cheese Incident helped kick off their newly expanded two-weekend Electric Forest schedule with their first of two shows (including five separate sets) this weekend at the festival’s Ranch Arena stage. The band headlined a Thursday artist lineup featuring well-received sets from Lotus, Above & Beyond, Kamasi Washington, Bob Moses, [Br]eaking [Bi]scuits and many more, marking the first of 8 days of music in Rothbury over the next two weekends.String Cheese got started slightly later than expected due to rain, which would continue i periodic spurts throughout the two-set performance. At one point, the band even acknowledged to the crowd that there was lightning coming in and they may have to send everyone back to their shelters, but that they would keep playing right up until that point.Despite the weather, the band still managed to put together a fun, widely-accessible set for the musically diverse festival crowd, including a surprising tease of Daft Punk‘s “Get Lucky” during the show-opening “Rollover,” a jam on Maroon 5‘s “Moves Like Jagger” during the first set-closing “Colliding,” and a crowd-pleasing “Miss Brown’s Teahouse” into a cover of The Rolling Stones‘ “Sympathy For The Devil” to close out the encore.last_img read more

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Eddie Roberts Talks Debuting His New Band, Matador! Soul Sounds, At Brooklyn Comes Alive

first_imgL4LM: You’re a regular participant in super-jams and one-off bands. What’s the secret to working well with players you don’t regularly collaborate with?ER: Luckily, playing music is just another form of communication. The people who usually get called up for these things…they pretty much all speak the same language. That’s how I see it really. We generally all share the same vocabulary. Even if everyone is from different genres, it comes down to that. A lot of interesting things come out of those shows, and it has been a lot of fun over the last few years to participate in so many.It’s definitely different than England. Back there, you got in a band and that was what you did. You didn’t sit in with other bands and they didn’t sit in with you. In America, there is this whole sit in culture. People would say “Come sit in!” and I was like”…OK?” In England it was sort of considered rude to sit in with someone’s band.L4LM: Really?ER: Yeah. We just didn’t have that kind of thing going on. It took a moment for me to get used to it, but I did and now it’s great.L4LM: At the upcoming Brooklyn Comes Alive, you’re debuting your new project, Matador! Soul Sounds, with Alan Evans, Chris Spies, Kevin Scott, Adryon De León, and Kim Dawson. How’d you fall in with these cats initially?ER: We’re definitely a band. How it came about was a couple of times last year [New Mastersounds] drummer Simon [Allen] wasn’t able to play like a week’s worth of shows, So I thought of Alan [Evans]. He and I had played together a few times like on Jam Cruise, and we just clicked and we knew we wanted to do something. So I brought him in for Simon a couple of times last year.At the end of that we were both having a glass of wine and I said “Should we start a band?” and he said “Let’s do it.” That was the pivotal moment. So we started talking about who we wanted to join us. I had been playing with Chris Spies on keys when I was down in New Orleans, and his buddy who played bass was a gentleman named Kevin Scott. They had been friends for ten years. I mentioned Kevin to Alan and he jumped to his feet and said “Omigod I love that guy!”So even though we hadn’t all played together before, there were strong connections there and it all just sort of fell into place. We wanted to get some singers in there, so I grabbed my two best friends from the scene–Kimberly Dawson from The Pimps Of Joytime and Ms. Adryon de León of Orgone. We had played together in a number of different things and I couldn’t think of two people who could be better than them to be in the band.It all came together pretty organically, through a lot of different friendships. We’re all pretty excited to get going on this. It is very fortuitous that it is all coming together in time for Brooklyn Comes Alive.L4LM: Is Matador! going to be a big time commitment for you guys?ER: Absolutely! 2018 is gonna be the year of the Matador!L4LM: The advance hype has Matador! sounding soulful. How would you describe the music this new band is making?ER: We’ve already made the album, but we are gonna be going back into the studio to add a bit before the Brooklyn Comes Alive show. It’s gonna sound old-school…kind of drenched in funk really. A little more bullish, I guess. It’s a powerful sound and very dynamic with the girls singing. They function almost as a horn section at times, but they will be featured on various tracks. It’s not like the old “Singer out front with a backing band,” but more everybody is part of the music. That is the vision for it. We’re very excited for this 7-inch single we have coming out, and the launch itself.L4LM: What do you think of the Brooklyn Comes Alive concept of bringing together artists instead of bands, and creating new combinations from a star studded talent pool like they do?ER: I’ve seen the line-ups from the past ones and they have looked really exciting. Unfortunately, both previous years I was out on the road and couldn’t make it. I was asked each time and I was very excited when they reached out to me for this year’s show. I looked and there was a nice open space on my calendar and I said “Sweet! Let’s do it!” Brooklyn is an amazing place and all the venues involved are just wonderful. It’s going to be an exciting weekend and this fest is obviously here to stay. I actually think it’s going to grow and grow and become a staple of our scene.L4LM: Did you ever fantasize about your dream line ups when you were a kid?ER: Most of the people I get to play with now I’d never even heard of as a kid. The funny thing is I never even thought I would be playing in America, let alone living in America. I knew I wanted to be a musician and I knew that was what I was going to do, but I had no idea that it was gonna take me so far.L4LM: You’re always quite dapper onstage but I’ve always wondered…aren’t you hot under those suits and ties?ER: No, I’m okay. I’m blessed with the ability to regulate my body temperature pretty effectively. I actually like being a little hot when I play. I don’t like being cold. Your fingers dry up. I actually don’t feel like I’ve done a days work unless I am sweating.It came from hanging out in New Orleans and going to Jazz Fest and seeing all those old guys out there playing in their jackets and ties. I sorta thought, “If it’s this hot out here but these guys are still doing it, then why shouldn’t I?” That’s how I started doing it and now it’s become sort of a trademark. So now I’m screwed and I have to wear a jacket!L4LM: The world is on a nasty edge lately. You already do so much to help heal this divide with your non-profit, The Payback, and your other related charitable donations. Do you feel like this is your duty as a public figure to lead by example?ER: Absolutely, yes. I have been so blessed between my musical gifts and my many opportunities. I know that if I hadn’t had certain help like a stable family and great friends and, of course, a music scene like this. I feel like it is my duty to help those less fortunate. It’s a good thing for all of us to do, really.The New Mastersounds’ Eddie Roberts Talks Standing Rock & Social Responsibility Of A MusicianL4LM: Well, thanks for taking time away from rehearsals to chat with us. Please pass along best wishes for a speedy recory to Pete from the Live For Live Music Crew and look forward to seeing all this new music you’re gonna make!ER: Thank you. We’re thankful that Live For Live Music is helping us get our music out to the world.[Cover photo via Alan Westman]Don’t miss the debut performance of Eddie Roberts‘ new band with Alan Evans (Soulive), Chris Spies, Kevin Scott, Adryon De León (Orgone) Kim Dawson (Pimps of Joytime) at the upcoming Brooklyn Comes Alive!Inspired by the vibrant musical communities of Brooklyn and New Orleans, Brooklyn Comes Alive is set to take place across three venues in Williamsburg, Brooklyn (Brooklyn Bowl, Schimanski, Music Hall of Williamsburg) on September 23rd and 24th. The unique homegrown event puts the focus on the musicians, curating dream team collaborations, tributes, and artist passion projects for two full days of incredible music both new and old.The 2017 lineup is set to include hand-selected band lineups featuring all-star musicians like John Scofield, George Porter Jr. (The Meters), Vinnie Amico and Al Schnier (moe.), Bernard Purdie, Kofi Burbridge (Tedeschi Trucks Band), Joel Cummins, Ryan Stasik, and Kris Myers (Umphrey’s McGee), Aron Magner and Marc Brownstein (The Disco Biscuits), Mike Greenfield and Jesse Miller (Lotus), Jason Hann (String Cheese Incident), Alan Evans (Soulive), Cyril Neville (Neville Brothers), Henry Butler, Jon Cleary, Reed Mathis (Electric Beethoven), Michael League, Nate Werth, Chris Bullock, Robert “Sput” Searight, and Bob Lanzetti (Snarky Puppy), Jennifer Hartswick and Natalie Cressman (Trey Anastasio Band), and scores of others! British guitarist Eddie Roberts has been making an impression on the American funk-jam scene for nearly two decades with The New Mastersounds and a host of other side projects and limited-edition collaborations. However, a musical partnership with Soulive’s Alan Evans has resulted in a fully realized, unified band—Matador! Soul Sounds–which has already recorded an album and is set to make their official live debut at the upcoming Brooklyn Comes Alive. We caught up with Eddie to chat about the Mastersounds, the new band, the differing “sit-in cultures” of England and the U.S., and more:Live For Live Music: First off, we have to ask: After the successful emergency fundraising campaign and the subsequent surgery, how is your New Mastersounds bandmate Pete Shands doing?Eddie Roberts: He’s doing great and the surgery went really well. The surgeon was really happy with how it came out and Pete is just laying low now and recovering. Thanks to the invasive nature of the surgery itself, it is gonna be a bit before he is back up to snuff. I am probably gonna go see him today actually. They say a couple of weeks of recovery before he is totally pain free from the surgery…We actually have a show in Italy for the 30th of September so he has to be better for that.L4LM: Please pass along the best wishes from all of us here at Live For Live Music. We’re all big fans and we were worried for him.ER: We really appreciate you guys covering the fundraising campaign for Pete as well. It was a bit of an emergency. He wasn’t doing well at the end of that last tour we did and things got a lot worse really fast. He was in a pretty bad way.L4LM: The New Mastersounds are rapidly approaching the 20th anniversary of forming, a pretty rare accomplishment. Any special plans to honor that achievement?ER: Hey! HA! Wait a minute! We still have a few years to go. Don’t make us too old! At the moment it’s just like “Oh wow, it’s going to be twenty years soon. But we haven’t really talked much about it yet. It IS approaching…approaching pretty quickly, actually. But we started in ’99 so we still have a little while to go.”Watch The New Mastersounds’ memorable 2/25/13 set at the Brooklyn Bowl with a parade of incredible guest stars below via LazyLightning55a: L4LM: I’m sure anniversaries like this can make you feel a little old, but you have to be proud of lasting that long as a band. So few groups do.ER: Yeah, it is pretty rare. It can be a tough game, for sure. Keeping the band together, with the same people…there’s a lot of psychology involved. It’s like a family. We’re pretty pleased. We’ve made a lot of music we’re proud of and traveled the world with it. That is an achievement for sure.L4LM: You came by your love of funk music from a kinda long distance. Can you remember the first time you heard something really funky?ER: I came out of a bit of a jazz background, but saying that I guess I have to say Jimi Hendrix. He was pretty funky, I think. I was really into Hendrix when I was 14 or 15. I would consider that the first funk I ever heard, especially some of the stuff he did on the Wah-Wah pedal.I do remember somebody gave me a cassette tape of The Meters. I don’t even know how old I was, but they gave me the cassette and said they wanted to start a band that like that. That was definitely a moment when that music really connected with me. But, like I said, I was a jazz guy. So folks like Lou Donaldson, Grant Green, Idris Muhammad were artists I dug. That is funk, but another incarnation of it.L4LM: As a funk guy, it must have been something else to be part of the Foundation Of Funk project. Was it nerve0-racking playing with George Porter Jr. and Zigaboo Modeliste, the rhythm section of The Meters, playing the iconic funk music that they created?ER: I’d been lucky enough to play with George and Zig independently before the Foundation Of Funk gigs, so I already had a history with both of them. We actually had a rehearsal and I was just laughing the whole time. It was the first time I had seen the two of them together and just the way that they interact, the stories that they told…it was just hilarious. I wish that I had a video camera while it was going on. Quite an afternoon, really.Check out Fundation Of Funk, featuring Zigaboo Modeliste, George Porter Jr, John Medeski and Eddie Roberts from Bear Creek Bayou on 9/30/16 below:center_img ***Tickets Are On Sale Now!***Brooklyn Comes Alive is now offering single day tickets, as well as a ticket payment plan for as low as $30/month. When checking out, just select “Monthly payments with Affirm” as your payment method. To find out more about ticketing, VIP options, and lodging, head to the festival website.last_img read more

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Tune In For Oteil Burbridge’s Interview With NYT Best-Selling Author Alan Paul Tonight!

first_imgBack in mid-December, Oteil Burbridge, bassist for Allman Brothers Band and Dead & Company, announced that he’d be participating in an intimate live interview hosted by New York Times best-selling author and journalist Alan Paul. Dubbed “Backstory: An evening of conversation and music with Oteil Burbridge,” the interview is a special event presented by BackStory Events and Guitar World Magazine and will see Oteil discussing his new album, Water In The Desert, and sharing stories from the road.Scheduled to go down at New York City’s The Cutting Room today, the interview will be live streamed for free for those who did not secure tickets to the intimate event. You can check out the interview at 6:30 p.m. (EST) on Guitar World’s website.last_img read more

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Gibson Could Soon Face Bankruptcy After 100+ Years In Business

first_imgGibson has been one of the world’s leading manufacturers of electric guitars for years. Throughout their century of existence, countless musicians–from famous rock stars to local barroom heroes–have used Gibson guitars to create the soundtrack to our world. However, according to various recent reports, Gibson has fallen on particularly tough times financially and could face imminent bankruptcy. The company has faced declining sales for years, several large loan debts are about to come due.Explains The Nashville Post, “The situation facing the iconic Nashville-based music instrument maker, which has annual revenues of more than $1 billion, is far from normal. CFO Bill Lawrence recently left the company after less than a year on the job and just six months before $375 million of senior secured notes will mature…On top of that, another $145 million in bank loans will come due immediately if those notes, issued in 2013, are not refinanced by July 23rd…”As Debtwire reporter Reshmi Basu told the Nashville Post, “At the end of the day, someone will take control of this company — be it the debtors or the bondholders…This has been a long time coming.” Digital Music News notes, Gibson still pulls annual revenues north of $1 billion. But their revenue does not come close to covering their loan debts, and sales have been falling each successive year. Multiple investors, bondholders, and analysts are now talking bankruptcy.A senior credit officer from Moody’s Investors Service told the Digital Music News, “This year is critical and they are running out of time — rapidly–and if this ends in bankruptcy, [CEO/owner Henry Juszkiewicz] will give up the entire company.” They also note that Moody’s, who ranks companies’ viability for investors, has already downgraded Gibson’s status, just as they did with the similarly struggling Guitar Center last year.Various factors may be affecting the shrinking electric guitar market. Some feel it’s a result of a shift in the music zeitgeist away from guitar-driven music and toward more digitally-produced styles like EDM and hip-hop. Others speculate that the increased durability and decreased prices–while great for those looking to buy and sell used gear–have begun to cripple the company’s ability to sell new instruments.Here’s hoping that Gibson can figure out their financial issues and stay afloat. If you feel strongly about the company’s dire straits, you can go to their website and buy a new Gibson today. Otherwise, you can go check out their instruments in action wherever music is played and hope for the best.[H/T The Nashville Post]last_img read more

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