Just heard about this -
Guitar company Gibson reportedly facing bankruptcy
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Joined: Jan 04, 2008 Posts: 1267 San Pedro, CA |
Just heard about this - |
Joined: Aug 29, 2009 Posts: 1556 Israel |
Where's CBS when you need it? |
Joined: Feb 26, 2006 Posts: 12159 Seattle |
Ariel wrote:
Norlin would be the real joke. CMI would be the best case scenario joke. Fenders went downhill during the CBS era, but not like Gibson in the Norlin era. CBS's biggest mistake was shooting the guitars in poly and the weight of the Strats and Teles in the 70s. Those 70s Teles are still rad! And People often cite Silverface as CBS' worst criime, but Fender went from Brownface to Blackface which is a worse tonal quality drop off than Blackface to Silverface. |
Joined: Apr 18, 2015 Posts: 189 Bay Area, CA |
I've read that the reason for Gibson's financial woes stem from efforts to diversify the brand and not from guitar manufacturing and sales. —The Reverbivores - we're local favorites! |
Joined: Jun 14, 2006 Posts: 858 New York City area |
I have some older Gibson electrics that play and sound great. Every so often I'll try a new one such as the Les Paul - anything from cheapo to super "exquisite" $$$. There's a video on youtube of the late great Danny Gatton relating how he and his crew played their Fenders at a Gibson sponsored show - to the chagrin of Gibson execs and Les Paul himself. Gatton was a most pleasant badass. I miss him. Gibson also has serious employee problems if you care to look at Glassdoor. Gibson made nice stuff once. They lost their way a long time ago. It's the last brand I even consider now for a new or old axe. So - sad news but it's been coming for a long time. |
Joined: Aug 29, 2009 Posts: 1556 Israel |
So, supposedly they've paid their dues already... But never learned from mistakes made by others either. G never had a modern golden era, like Fender's having. Just this charismatic marketing machine with all his robot shit... Some of the excuses could make sense maybe, like wood importing problems, and other economic restrictions, bottom line, Fender won. JohnnyMosrite wrote:
I want to see that! DG was the man. Last edited: Mar 02, 2018 06:33:25 |
Joined: Dec 11, 2013 Posts: 2532 Akron, Ohio |
Put this on the back of the CEO. He owns this. The arrogance of the man is felt all the way down the chain. How does a guitar company get 1/2 a billion in debt. What a moron! —The Kahuna Kings https://www.facebook.com/pages/The-Kahuna-Kings/459752090818447 |
Joined: Sep 09, 2008 Posts: 3158 Guildford England |
stratdancer wrote:
Requesting retailers to destroy old stock instead of offering them at discount? Fitting auto tuners to the entire range? Is this true... |
Joined: Dec 11, 2013 Posts: 2532 Akron, Ohio |
I don't know but I have read many complaints on glassdoor and the complaints of some really talented people that had interviewed with the CEO and were appalled that they wasted their time flying in to be interviewed by him. Fruitloop....... —The Kahuna Kings https://www.facebook.com/pages/The-Kahuna-Kings/459752090818447 |
Joined: Nov 16, 2013 Posts: 4536 Wisconsin |
stratdancer wrote:
From comments I've heard, the animus extends down to the dealer level - including those who're long-time Gibson dealers. Of course, they're not limited exclusively to selling Gibson's so they do something else. On the dealer floor, in that niche, PRS is killing them - probably 4 or 5:1. So the few remaining over-weight over-priced dinosaurs with lesser workmanship are hung in a corner. —Wes DISCLAIMER: The above is opinion/suggestion only & should not be used for mission planning/navigation, tweaking of instruments, beverage selection, or wardrobe choices. |
Joined: Jul 23, 2014 Posts: 637 LA -ish |
I imagine they'll get bought up. At least, I hope someone can at least go back and maintain a line of guitars that Les Paul would have intended. —mj
|
Joined: Jan 18, 2010 Posts: 672 Delaware |
The owner is a big part of the problem and it's been known for a long time, he raised the prices to the same level as PRS and other top flight luthiers. In addition as noted Gibson has made no progress, none, in their line up. I've owned three Gibson, as noted nothing to get excited about. Someone will buy the brand, what happens from there is anybody's guess. |
Joined: Sep 09, 2008 Posts: 3158 Guildford England |
Badger wrote:
Andersons Music UK reported 2017 as a poor year for selling guitars with the exception of PRS who sold well. |
Joined: Dec 11, 2013 Posts: 2532 Akron, Ohio |
The sweet spot price range of gibson branded guitars of 600-800 just sucks. What horrible guitars! In my mind I'd never choose to play if you gave them to me. They aren't worth more than 150 to hang on a wall. Just garbage. If you look at what fender did with the MIM series guitars, they made a strat that said "fender stratocaster" on the headstock but they were cheaper and maybe not as great but still sell well. Gibson however made the Epi line that said epi. They should have just labeled them gibson You spend more money on a USA because it will hold the value and generally are better instruments. If you sell a bunch of Korean made gibsons instead of epi at 600-800, you make up margin in volume. I may not know shit but this guy has played his hand poorly in many ways. —The Kahuna Kings https://www.facebook.com/pages/The-Kahuna-Kings/459752090818447 https://thekahunakings.bandcamp.com/releases Last edited: Mar 02, 2018 10:11:03 |
Joined: Feb 27, 2006 Posts: 10321 southern Michigan |
montereyjack66 wrote: — Ivan |
Joined: Jun 14, 2006 Posts: 858 New York City area |
Ivan, Gonna miss those Gibson robo tuners, though. - NOT! What's a post without some razz.. |
Joined: Mar 27, 2006 Posts: 197 Newington, CT USA |
I don't get the Gibson trashing. My first guitar was a used ES345 that I bought in 1964 for $125. It had been refinished by Gibson long before I bought it, so I'm guessing that it was a 50's-something guitar. My second Gibson was an EB3, bought in 1965. My third Gibson was a used ES345 that I bought a few years later. Since then, I've owned a couple of Les Pauls and recently, an SG bass. My current Gibson is a 2016 Les Paul Traditional Pro III. My Pro III is easily equal to my earlier ES345's and EB3 in every aspect, as was my SG bass. |
Joined: Feb 26, 2006 Posts: 12159 Seattle |
I'm with ya taijiguy. I mean, I'm not with the new stuff is as good as the 60s stuff, but some of it isn't far off from some of the 60s stuff. Gibson gets trashed because the robot tuner thing, how expensive some of their stuff is, and some dumb new models they've put out. Fender puts out dumb new stuff as well, but Fender withdraws it quickly whereas Gibson doubles down publicly. I think another big problem is that people don't see Epiphone as Gibson. Therefore, Gibson don't really have any great guitars under $2000. By contrast, almost any dollar amount Fender is playable. With how Gibsons are constructed, that isn't always the case. A great Gibson is a beautiful thing. Not all are great though. The ES lines are WAY better than what is coming out on the solidbody lines. Acoustics are okay, but lagging where Martin has kicked their quality into overdrive after the Santa Cruz came around and now that Collings is going to be the first new brand to make a significant market share into the acoustic realm in a very long time. Also, the hive mind of the internet decided hating Gibson was the cool thing to do. Therefore people who don't know better hate on them. |
Joined: Jun 14, 2006 Posts: 858 New York City area |
Taijiguy, Aside from bad management, Gibson has a problem with wood quality. The 60s instruments probably had 100+ year old wood. They sound good because the wood is dry. The firewood they use today is moisture rich green growth probably just a few decades old, if that. Even though guitar playing is (allegedly) down these days, I can see where a vintage guitar - with real Brazilian rosewood, adirondack spruce, and real ebony will command a hefty price in the future - on-accounta-because those woods to make them are either no-existant or in the grey/black market with commensurate high $$ prices. If Gibson survives in some way shape or form, look for models with composite materials like carbon fiber or some other such nanotech substitute. If your 2016 models meet your expectations, more power to you. But they in no way are the same in build and building materials as your 60s models. J Mo' |
Joined: Dec 11, 2013 Posts: 2532 Akron, Ohio |
The Classic Series Les Paul of the 90's was probably the last good marketing campaign and product roll out they did. I should have bought that new gold top for 1050.00 in 95. I loved playing that at the shop. —The Kahuna Kings https://www.facebook.com/pages/The-Kahuna-Kings/459752090818447 |