Gibson (guitar makers) file for bankruptcy.

[rsrider]

https://www.theguardian.com/business/2018/may/01/gibson-guitar-firm-files-for-bankruptcy-protection
The guy who now owns it, sounds like a douche and ran the company into the ground.

I know there are a lot of guitar players on the barf, because there are so many old people and we're the only ones that seem to be playing actual instruments anymore, so I thought this was interesting.

I have an Epi Lester, but I would jump at a Gibson Studio if the price was right. Like $500 new.....I wonder if a fire sale is in the offing? (fingers crossed)

 

[HappyHighwayman]

Sucks for musicians. I've heard of them of course.

 

[aminalmutha]

Sucks for musicians. I've heard of them of course.

I don't think they're shutting down, they're trying to get out of some stupid investments.

 

[Johndicezx9]

Bummer....

 

[Archimedes]

Executive mismanagement at it's worst. Awful acquisitions and corporate decisions crippled a good company. The guitars will survive though.

 

[i_am_the_koi]

So will that make my rare and vintage Gibson's go up or down in price?

 

[aminalmutha]

So will that make my rare and vintage Gibson's go up or down in price?

Neither. The factories are likely not going to be shut down, first off, and rare vintage Gibsons are more affected by similar guitars on the market, not new models.

 

[clutchslip]

I am not sure we should be blaming the CEO. He saw shrinking sales and tried to diversify. Laudable for many CEOs. The saddest part is we are losing guitar sales because of lack of musicians. Many other instrument makers have passed away that don't make guitars or drums because virtually no one plays woodwinds, etc.. It is very, very sad to me.

 

[CoorsLight]

Sucks for musicians. I've heard of them of course.

They've been pumping out low quality, overpriced garbage for a couple decades now. Terrible, unethical company that made screwing musicians and the environment into a business model. Now screwing investors and creditors.

 

[72SBC]

Guess my 1990 Gibson Dove will be even more desired then lol.

 

[rsrider]

:laughing That is brilliant...........

 

[dravnx]

They've been pumping out low quality, overpriced garbage for a couple decades now. Terrible, unethical company that made screwing musicians and the environment into a business model. Now screwing investors and creditors.

Are you implying that musicians had to buy Gibsons so they, the musicians, got screwed?

 

[CoorsLight]

No, I’m saying that musicians that bought Gibsons made after 2000 or so likely purchased an overpriced, poorly constructed POS and received no support from the factory.

Of course a few great guitars slipped out of the factory in the last couple decades, but those are exceptions and not the norm. I love older Gibsons though. Still rocking an ‘89 LP Studio that is still my favorite guitar after all these years.

 

[Kornholio]

I've played since I was about eight years old. I've never found any particular Gibson to be to my liking, but I agree, the company has a fond history in musical instruments in general (not just guitars) and will likely come out okay on the other side. Perhaps smaller, though...which is kind of a good thing, really.

 

[AbsolutEnduser]

https://youtu.be/oVME_l4IwII

youtu.be/oVME_l4IwII
Modern music...is because ? ^^^

And then actually yes ipodding, mp3 storage, and now today, streaming is blamed..

 

[rsrider]

Good stuff and something that I'm aware of (except the two lyric writing scum).

youtu.be/fRAebG6HwLQ

 

[AbsolutEnduser]

Yeah that was more of an information for those who need to be familiarized.