On 21 May, inMusic gave a statement on the recent acquisition and why it felt Stanton was “the perfect complement” to their line of DJ brands.
The statement wrote: “From developing the replaceable stylus and sparking a consumer market for audio equipment, to becoming an industry leader in the design and manufacturing of professional audio products for club, mobile DJs and turntablists, it is only fitting that Stanton joins the home of DJ technology leader, inMusic.”
Gibson first acquired Stanton Group, the parent of Stanton, along with stablemates Cerwin-Vega and KRK back in 2011, while still under the ownership and CEO Henry Juszkiewicz.
After the Gibson filed for bankruptcy in 2018, it appointed James “JC” Curleigh to navigate the renowned guitar brand back to financial stability as its new president and CEO.
This most recent sale raises the question: does Gibson intend to sell more of its non-guitar brands such as KRK and Cerwin-Vega?
Read InMusic’s full statement here.
For more music industry news, click here.