Technology

Lundinke News: The Vital Role of Local Guitar Shops in Community Life

Published

6 months ago

July 17, 2024

Local guitar shops often serve as cultural hubs within their communities

LOS ANGELES, July 17, 2024 /PRNewswire/ —

Global Guitar Sales

Globally, guitar sales have shown significant growth. In 2019, the market was valued at approximately $8 billion, which increased to around $9.2 billion in 2020—a 15% rise within a year. This growth was partly driven by a surge in interest during the COVID-19 pandemic as many people took up new hobbies, including learning to play the guitar. By 2021, global sales reached $10 billion, marking an 11.4% increase from the previous year. This trend continued with modest growth, leading to a market value of $10.07 billion in 2022 (Music Strive) (Fundera).

U.S. Guitar Sales

In the United States, the guitar market experienced similar trends. In 2020, guitar sales in the U.S. amounted to $1.67 billion, up 6.4% from 2019. This included various types of guitars, such as acoustic, electric, and bass guitars. The number of guitars sold also increased, with 2.7 million guitars sold in 2020. Since then, U.S. sales have continued to grow, with an annual increase of approximately $100 million (Music Strive).

Economic Impact on Local Shops

Local guitar shops have benefited from these trends, though they face unique challenges. Small businesses, including guitar shops, typically see varied revenue streams. For instance, small businesses with no employees had an average annual revenue of $46,978, while those with employees averaged significantly more, depending on their size. In general, small businesses with fewer than five employees earned an average of $387,000 annually, while those with 20 to 99 employees averaged $7,124,000 (Fundera).

The last five years have been prosperous for the guitar industry, with significant growth in both global and U.S. markets. Local guitar shops have seen increased revenues, driven by a rise in new guitar players and sustained interest in music. However, the economic impact varies widely based on the size and scope of these businesses.

THIS story and more can be found at Lundinke News:

Expert Podcasts: Weekly sessions with music industry experts focused on refining techniques and sharing secrets that propel guitarists forward.

Chat (NEW): This acts as a real-time community chat group for daily positive concise ideas, new products. This is a great networking tool for students. Users can include videos, concert info, etc. Anything applicable to events and the academia world.

Masterclass Series: Insights from celebrated guitarists unravel the skills and strategies that lead to their success, offering a roadmap for students aspiring to similar heights.

AMPLIFY (formerly 10X Your Play): Each edition dives into specific strategies to broaden and deepen understanding of the guitar community, enhancing both foundational and advanced skills.

Arts & Entertainment Insights: Features on how the guitar shapes arts and entertainment, spotlighting major events like the NAMM show.

Business Meets Music: Our “@TO” segment connects music theory with business acumen, preparing students to successfully navigate the music industry or any industry for that matter.

Community Connection: Opportunities to engage with a broader network of guitarists and music venues, encouraging collaboration and growth.

NERD (NEW): offers New products and news in the music industry, Experiment ideas provided by our community of Luthiers and DIYers, Reviews and guitar Demos. Lundinke does NOT receive any compensation for any introductions or manufacturers featured herein.

Lundinke Music Magazine (NEW): Introducing new and the hottest players around the world with their tools of the trade and concert dates. In addition, we will be adding blueprint and guitar designs in future editions.

Sunday Strings (NEW): Bringing back the nostalgia of the section of a Sunday newspaper consisting of material other than news and usually including pictures, comic strips, and lighter topics often sensational reading matter

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SOURCE Lundinke

Technology

RADCOM to Report Fourth Quarter and Full Year 2024 Results on February 12, 2025

Published

28 minutes ago

January 15, 2025

Management to hold a conference call on the same day at 8:00 AM ET

TEL AVIV, Israel, Jan. 15, 2025 /PRNewswire/ — RADCOM Ltd. (Nasdaq: RDCM) announced today that it will report its financial results for the fourth quarter and full year 2024, which ended December 31, 2024, on Wednesday, 12, February 2025, before the opening of trade on the Nasdaq Stock Market.

RADCOM’s management will hold an interactive conference call on the same day at 8:00 AM Eastern Time (3:00 PM Israel Standard Time) to discuss the results and answer participants’ questions.

A live webcast of the presentation will be available at https://Veidan.activetrail.biz/radcomq4-2024. The webcast will be archived for 90 days following the live presentation.

To join the interactive call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:

From the US (toll-free): +1-866-652-8972
From other locations: +972-3-9180644

A conference call replay will be available the same day on the Company’s investor relations website, www.radcom.com/investor-relations.

For all investor inquiries, please contact:

Investor Relations:
Miri Segal
MS-IR LLC
msegal@ms-ir.com

Company Contact:
Hadar Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com

About RADCOM

RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready cloud-native, network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.

View original content:https://www.prnewswire.com/news-releases/radcom-to-report-fourth-quarter-and-full-year-2024-results-on-february-12-2025-302351552.html

SOURCE Radcom

Technology

NJFX Welcomes Multinational Bank to Ecosystem Advancing Cloud and AI Connectivity

Published

28 minutes ago

January 15, 2025

WALL TOWNSHIP, N.J., Jan. 15, 2025 /PRNewswire/ — NJFX, the Tier 3 carrier-neutral cable landing station and colocation campus is thrilled to welcome another major multinational bank into its robust ecosystem. This new partnership underscores NJFX’s pivotal role in facilitating secure, efficient, and resilient network strategies for financial organizations.

The latest addition to the NJFX ecosystem represents a leading European financial institution with over 160 years of heritage and a presence spanning 65 countries. The bank’s expertise in Private Banking, Insurance, Global Banking and Investor Solutions, and International Retail, Mobility, and Leasing Services positions it as a critical player in the global economy. Leveraging NJFX’s unique infrastructure, the bank aims to enhance its private and public cloud connectivity and explore advanced AI applications, setting a benchmark for innovation and resilience.

NJFX’s Wall, New Jersey campus is the hub where leading global cloud operators interconnect with transatlantic subsea cables linking Europe, South America, and the Caribbean. By joining NJFX’s, the bank secures unprecedented access to diverse, carrier-neutral pathways, ensuring a “never down” approach to its global operations. NJFX’s ecosystem offers an unique connectivity model guaranteeing transparency and true diversity, aligning with the stringent requirements of the financial market.

“Our ecosystem has always been a cornerstone for industries requiring unparalleled network reliability and global reach,” said Gil Santaliz, Founder and CEO of NJFX. “Welcoming this esteemed financial institution further validates our vision to provide transformative infrastructure that supports not just today’s needs but also tomorrow’s advancements in AI and cloud technologies.”

The collaboration exemplifies NJFX’s commitment to serving the financial sector with cutting-edge connectivity solutions. As NJFX continues to expand its global footprint, this partnership highlights its role in bridging continents and fostering innovation.

About NJFX
NJFX owns and operates a Tier 3 Connectivity Hub offering data center, colocation, and CLS services in Wall, New Jersey. Hosting over 35 global and US operators providing direct transatlantic connectivity to Europe, South America, and the Caribbean. NJFX offers high and low-density colocation solutions with 24/7 support. NJFX provides a carrier-neutral marketplace to operators, content providers, enterprise, financial, and government entities who need network reliability, security, and scalability. The NJFX facility enables diverse connectivity options and ensures cost efficiency by offering direct interconnection without recurring cross-connect fees.

For media inquiries, please contact:
Emily Newman – Director of Marketing
emily@njfx.net

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SOURCE NJFX

Technology

GSV Announces the 2025 GSV Cup 50

Published

28 minutes ago

January 15, 2025

CHICAGO and NEW YORK and SAN FRANCISCO, Jan. 15, 2025 /PRNewswire/ — The GSV Cup, presented by Amazon Web Services (AWS) and GSV Ventures, is proud to unveil the 50 most innovative digital learning and workforce skills startups that are poised to revolutionize “PreK to Gray” learning in 2025 and beyond.

The world’s most innovative digital learning and workforce skills startups.

With the most nominations in GSV Cup history, 1,900+ nominations were evaluated using GSV’s “Five P’s” framework—People, Product, Potential, Predictability, and Purpose—to select the top 50 pre-seed and seed-stage startups advancing innovation across early childhood, K-12, higher education, workforce learning, and adult consumer learning.

“Startups are the lifeblood of the ASU+GSV community,” said Deborah Quazzo, Managing Partner of GSV Ventures and Co-founder of the ASU+GSV Summit. “The GSV Cup 50 are the brightest stars of tomorrow, enabling Learning at the Speed of Light for educators, workforce leaders, and learners everywhere. We’re proud to recognize these early-stage innovators as they revolutionize learning in the age of AI.”

The 2025 GSV Cup 50 are Amigo, Atypical AI, Avoca, Axio AI, Bloom App, Boddle, BrightBee, Brisk Teaching, Careerflow.ai, Cerebry, Class Companion, Coconote, Doowii, Ed Machina, Eddi, Ednition, Emversity, Fizz, Flint, Gizmo, Glasp, GrowthSchool, Heeyo, Hoogly, Kollegio, Lightscreen Ai, Ludenso, Lyssn, Masters’ Union, Mentava, Mesa School, mytalents.ai, OutSmart College, Paloma, Praxis AI, Puzzicle, Quizard AI, SchoolAI, Schoolytics, SigIQ, Sizzle AI, Skillfully, Snorkl, Solvely.ai, Stimuler, TAP, Toko, Unriddle, Upsmith, and Woolf.

Of the 50, 78% are US-based, with additional representation from India, Singapore, Norway, Austria, and Australia. The GSV Cup 50 will showcase their innovations at the 16th Annual ASU+GSV Summit, April 6-9, in San Diego, CA.

Learn more here.

ABOUT ASU+GSV
Founded in 2011, GSV is a global platform driving education and workforce skills innovation. We believe ALL people deserve equal access to the future and that scaled innovations in “PreK to Gray” learning and skills are crucial to achieving this goal. The GSV platform includes the ASU+GSV Summit, hosted annually in San Diego with 7,000+ attendees; the third annual India-based ASU+GSV & Emeritus Summit; and The AI Show @ ASU+GSV, an immersive exploration of the AI Revolution in education, which welcomed 10,000+ attendees in 2024. GSV Ventures, founded in 2015, is a multi-stage venture fund investing in the most transformational companies across the global “PreK to Gray” landscape.

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SOURCE ASU+GSV Summit