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#103880 - 09/03/06 10:13 AM I heard today that GC owns Harmony Central
DanO1 Senior Member Registered: 01/31/01 Posts: 3602 Loc: Maryland	This is what I heard from another independant music dealer... Interesting if true. _________________________ dansmusicgear@aol.com https://www.reverbnation.com/danoneil?profile_view_source=profile_box
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#103881 - 09/03/06 11:52 AM Re: I heard today that GC owns Harmony Central
RobertG Member Registered: 05/08/06 Posts: 464 Loc: Southeastern PA, USA	Extremely unlikely considering that HC accepts ads from other retailers such as Musician's Friend and Sweetwater. How do you think the shareholders of publicly-traded GC would feel about that? HC lists no reference to GC on their about page. http://www.harmony-central.com/Info/about.html
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#103882 - 09/03/06 12:21 PM Re: I heard today that GC owns Harmony Central
Ensnareyou Member Registered: 03/31/02 Posts: 491 Loc: California	Quote: Originally posted by RobertG: Extremely unlikely considering that HC accepts ads from other retailers such as Musician's Friend and Sweetwater. How do you think the shareholders of publicly-traded GC would feel about that? HC lists no reference to GC on their about page. http://www.harmony-central.com/Info/about.html GC owns Musicians Friend but I'm not sure about Sweetwater. It wouldn't surprise me if they owned a majority interest in Sweetwater since GC is doing its best to buy every music store they can across the country. GC is the Wal Mart of Music and their buying power and marketing strategy are unmatched by any other retailer.
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#103883 - 09/03/06 12:23 PM Re: I heard today that GC owns Harmony Central
ViLo Member Registered: 06/30/01 Posts: 461 Loc: Dallas Tx., USA	Musicians Friend Owns Harmony Central... GC Owns MF ------------------ www.tagworld.com/vicentelopez HE'S COMING, MAKE MUSIC, GET READY! _________________________ http://ygchurch.com/ http://arlingtonadventist.com/yglive.html
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#103884 - 09/03/06 12:31 PM Re: I heard today that GC owns Harmony Central
ViLo Member Registered: 06/30/01 Posts: 461 Loc: Dallas Tx., USA	Quote: Originally posted by Ensnareyou: GC owns Musicians Friend but I'm not sure about Sweetwater. It wouldn't surprise me if they owned a majority interest in Sweetwater since GC is doing its best to buy every music store they can across the country. GC is the Wal Mart of Music and their buying power and marketing strategy are unmatched by any other retailer. GC Is also buying Hermes Music stores in Texas and Mexico..... http://phx.corporate-ir.net/phoenix.zhtml?c=105057&p=irol-newsArticle&ID=859206&highlight= The link does not mention the Mexico stores..but according to a MGR friend of mine it'll happen by the end of the year or the begining of next year. ------------------ www.tagworld.com/vicentelopez HE'S COMING, MAKE MUSIC, GET READY! _________________________ http://ygchurch.com/ http://arlingtonadventist.com/yglive.html
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#103885 - 09/03/06 12:41 PM Re: I heard today that GC owns Harmony Central
Chris Valenti Member Registered: 07/06/05 Posts: 123 Loc: Florida	" On June 10, 2005, our Musician's Friend unit completed the asset acquisition of Harmony-central.com, an Internet content and information site. The acquired company is seperately maintained and operated by Musician's Friend as as Harmony Central Group LLC." Source: guitarcenter.com 2005 financial statement/prospectus .pdf ------------------ http://www.soundclick.com/bands/pagemusic.cfm?bandID=235791
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#103886 - 09/03/06 12:44 PM Re: I heard today that GC owns Harmony Central
Chris Valenti Member Registered: 07/06/05 Posts: 123 Loc: Florida	Quote: Originally posted by Chris Valenti: " On June 10, 2005, our Musician's Friend unit completed the asset acquisition of Harmony-central.com, an Internet content and information site. The acquired company is seperately maintained and operated by Musician's Friend as as Harmony Central Group LLC." Source: guitarcenter.com 2005 financial statement/prospectus .pdf, p.48 ------------------ http://www.soundclick.com/bands/pagemusic.cfm?bandID=235791
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#103887 - 09/03/06 01:13 PM Re: I heard today that GC owns Harmony Central
DanO1 Senior Member Registered: 01/31/01 Posts: 3602 Loc: Maryland	Interesting stuff .... Bank of America owns the Gibson - Ephiphone and Baldwin trade names. FYI You can get ephiphone at Walmart ! _________________________ dansmusicgear@aol.com https://www.reverbnation.com/danoneil?profile_view_source=profile_box
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#103888 - 09/03/06 02:51 PM Re: I heard today that GC owns Harmony Central
RobertG Member Registered: 05/08/06 Posts: 464 Loc: Southeastern PA, USA	Chris: Good sleuthing. Shows what I don't know. Which is much. Search the below PDF for what Chris found. http://media.corporate-ir.net/media_files/irol/10/105057/reports/ar05.pdf
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