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FitzG · Post by **FitzG** » Tue Oct 20, 2009 4:22 pm

owe Gibson 25 MILLION DOLLARS
if GC go bust (which it may do very soon) Gibson and Fender will go with it
there's also rumors that Disney will buy the Gibson name
good times

sorry if this is old news, but its just so... not good

gaybear · Post by **gaybear** » Tue Oct 20, 2009 4:23 pm

lank?

aen · Post by **aen** » Tue Oct 20, 2009 4:25 pm

HAHAHAHAHAHAHA!

Oh, I hope so. I hope to god that gibson fender and GC die together. Then mom and pop stores can regain a toe hold selling Reverend guitars who, in my opinion are ready to take the crown.

Thomas · Post by **Thomas** » Tue Oct 20, 2009 4:42 pm

There are rumors floating around that Peavey have put in a bid to buy Gibson...

laterallateral · Post by **laterallateral** » Tue Oct 20, 2009 4:44 pm

can I has Aristocats themed Les Paul?

serfx · Post by **serfx** » Tue Oct 20, 2009 5:37 pm

Nightmare before christmas thunderbird please

aen · Post by **aen** » Tue Oct 20, 2009 5:41 pm

I just want the Redskins from Peter Pan on my SG.

Gavin · Post by **Gavin** » Tue Oct 20, 2009 5:49 pm

$25M probably isn't that much to a big company like Gibson. But I suppose it would depend how heavily leveraged they are.

damienblair17 · Post by **damienblair17** » Tue Oct 20, 2009 5:58 pm

Pirates of the Caribbean- oh wait

FitzG · Post by **FitzG** » Tue Oct 20, 2009 5:58 pm

Thomas wrote:There are rumors floating around that Peavey have put in a bid to buy Gibson...

Actually, the people who own Gibson tried to sell it to Peavey. They Declined

Thomas · Post by **Thomas** » Tue Oct 20, 2009 7:30 pm

Ahh I remembered it backwards then.

Joey · Post by **Joey** » Tue Oct 20, 2009 9:14 pm

Gavin wrote:$25M probably isn't that much to a big company like Gibson. But I suppose it would depend how heavily leveraged they are.

I agree.

They probally spend more then that a year in advertisement.

Will · Post by **Will** » Tue Oct 20, 2009 9:16 pm

I'm not surprised GC could owe them so much.

I was talking to a guy at a big box a while back - they used to carry Gibson but stopped. He said the dealer terms include Gibson just sending them guitars whenever, with no warning. The store gets very little say in what Gibson products they get and they HAVE to pay for whatever Gibson sends them. It's flat out anti-capitalistic.

I used to defend Gibson acoustic, but then they started inflating the J-45. I decided a year ago I wanted one; at that point the sunburst was $1900. Then they upped it to $2000, then $2100. Fine - no big deal, right? Now it's $2400 for the base model and $2700 for the sunburst - all in ONE YEAR.

Post by **Mike** » Tue Oct 20, 2009 9:50 pm

FitzG wrote:owe Gibson 25 MILLION DOLLARS
if GC go bust (which it may do very soon) Gibson and Fender will go with it

That second part is complete tripe if you know anything about business and um.. the economy.

astro · Post by **astro** » Tue Oct 20, 2009 9:51 pm

Gibson's prices are ridiculous... yet they get away with it because people are willing to spend the dough. Why people are that stupid, I'll never understand.

I hope Gibson goes under, that way the cheapo Asian guitar makers can start building proper accurate LP clones for cheapz.

Thomas · Post by **Thomas** » Tue Oct 20, 2009 10:04 pm

Yeah the prices are nuts. Plus the fact that they send out so many guitars that would've been classed as seconds to shops that have to be returned.

I also found out recently that they send out stuff to dealers that they know have issues and give them a discount. In the past they'd be stamped as used and scrapped/sold on well cheap. The PCB setup for the controls is shit too. Not what you'd expect for the price tag.

Anyone buying a new Gibson these days really needs to have their wits about them.

the isaac eaton · Post by **the isaac eaton** » Tue Oct 20, 2009 10:21 pm

I really don't think gibson and fender are going out of business any time soon. Although aen, reverend guitars are amazing.

jcyphe · Post by **jcyphe** » Tue Oct 20, 2009 11:39 pm

This entire thread sounds like Ducktales.

Post by **Mike** » Wed Oct 21, 2009 7:50 am

jcyphe wrote:This entire thread sounds like Ducktales.

hahaha Word.

mickie08 · Post by **mickie08** » Wed Oct 21, 2009 9:20 pm

Worse case GC would file BK and reorganize. They would not go under I don't think. They are about the only large scale music retailer around any more. Sam Ash is alot smaller as far as # of stores.

I would expect them to close some stores, renegotiate contracts with Gibson/Fender/etc and move on.

I would only buy a new Gibson from a smaller, well known dealer. For example there is a store here in CA that hand picks all of their Gibson guitars. You may pay $50 more for them but I have never seen one in their store that was not in perfect shape setup and finish wise. Check out GC and you can never say that.

That said, the USA fender and Gibson stuff is obviously just ridiculously priced right now and hopefully the companies start to realize that there is just not enough rich old blues players looking to relive their youth in this economy that can drop 3K on a guitar.

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