Thursday, May 23, 2024
YOU ARE AT:AVWeek 520: AV Financials

AVWeek 520: AV Financials

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Sign Of The Times

Things might get a little dicey. Do not adjust your sets. Regardless of who’s making the questions, the objective of talking about the latest news concerning the commercial side of the AV industry doesn’t change! Joining us this week is Global Services Manager for Verrex Charmaine Torruella, Manager of Product Marketing for Extron Derek Joncas and host of our own show A State of Control as well as Owner of Control Concepts Steve Greenblatt.

The cloud video platform provider Kaltura has gone public on the trading market, offering the public shares to raise an initial $150 million. Last year they had managed to make a sales profit of $120 million and have been growing in revenue since, achieving 46% year-on-year growth in the first quarter of this year. When you open up your company from private to public, it comes into a whole new layer of complication while also allowing potential gain. What’s the balance of risk and reward when being a publicly traded company?

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Diversified has announced their acquisition of HB Communications. This isn’t the first big move they’ve made in the last year or so, acquiring Sensory Technologies right before the pandemic kicked off. According to SCN’s top 50 list of 2020, that would be the number 2 spot picking up number 13 for a net worth of nearly a billion dollars. Of course we look at what this means for both Diversified and HB Communications moving forward, but we also look at the grander scope and ask a simple question: How big is too big for a company?

We take a look at the immersive art found in Meow Wolf’s House of Eternal Return. They incorporate culture, tech, art and sound to create a massive immersive experience. So where does that line of AV and art intersect? Is there a way that companies in the AV industry can get into that space?

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