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  1. #1
    Atomic Punk chefcraig's Avatar
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    Default Elevator Music Company MUZAK Files For Bankruptcy

    Muzak playing music in bankruptcy court

    By Tiffany Hsu

    Los Angeles Times

    7:20 PM EST, February 11, 2009


    It's time to face the Muzak.

    Muzak Holdings, the company that has filled waiting rooms, shopping malls and elevators with syrupy sweet background music for decades, filed for Chapter 11 bankruptcy protection Tuesday in Delaware.

    The South Carolina-based company blamed long-standing debt and a market downturn. But a slew of store closures is also at fault, executives said recently, as the continuing recession causes struggling businesses to cancel their Muzak accounts.

    The company also faces increasing competition from Sirius XM Radio and music-branding companies.Founded in the 1930s, Muzak made its name by producing nerve-calming instrumental background music at doctors' offices and workplaces.

    Its ubiquitous presence in elevators, where it was piped to mask the unnerving squeals and groans of the contraptions, inspired the term "elevator music." Webster's defines the style as "variously regarded as being bland, monotonous, etc."

    Rocker Ted Nugent once offered to buy the company for $10 million, saying he planned to shut it down. Despite that, Muzak has been played in President Dwight D. Eisenhower's White House and during NASA missions.

    The company now maintains a catalog of more than 2 million songs used by more than 350,000 clients.

    Its "environmental" mood music is delivered via satellite on channels with names such as "Cashmere" (adult contemporary) and "Rawhide" (country classics).

    The company also arranges playlists custom tailored to clients, which have included DSW Shoes and McDonald's Corp.

    "Muzak is a solid business with an outstanding customer base, but we are burdened with substantial debt obligations established over a decade ago," said chief executive Stephen Villa in a statement. "We believe Chapter 11 will provide us with the opportunity to right-size our capital structure and gain financial flexibility, while continuing to operate our business and serve our clients without interruption."

    In its bankruptcy filing, Muzak reported more than $320 million in assets and a debt of $465 million. It owes money to companies including EMI Capital Records and the American Society of Composers, Authors and Publishers. Fourteen Muzak affiliates also filed for bankruptcy protection.

    The company has been pursuing a merger with one of its main creditors, Texas-based "sensory-branding" firm DMX Inc. The combined business would be sold to a third party but is being stymied by a shortage of offers, Villa said in November.

    In January, Muzak laid off dozens of its 1,250 employees.

    "Muzak is blessed and cursed to dominate a genre that unfortunately doesn't have the hippest reputation," said Danette Christine, who runs a music branding firm in Glendale, Calif., called Soundtrack Marketing. "Being an old company, they were developing based on the old music models, but they must have missed a step somewhere because music is done differently now."


    http://www.sun-sentinel.com/business...,4088446.story
    "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
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  2. #2
    Atomic Punk ZeoBandit's Avatar
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    12.13.17 @ 06:12 AM
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    Good. Maybe they'll play good music in waiting rooms and elevators now.

    Kenny G will be out of work.......
    "What we are dealing with here, is a complete lack of respect for the law" - Jackie Gleason, Smokey and the Bandit

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  3. #3
    Sinner's Swing! graeme's Avatar
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    Quote Originally Posted by ZeoBandit View Post
    Kenny G will be out of work.......
    That was exactly the first thing that came to my mind as well.

    Anyway, good. Muzak is an abomination and is not nerve calming. It makes me want to go on a killing spree. In fact, I don't have the data to hand, but I suspect there is a definite correlation between mass public killings and muzak. I know that correlation is not causality but it does make you wonder....

    If I never hear a piped electronic version of Vivaldi's 4 seasons again it will be too soon.
    A man could lose himself in a country like this.

    My blog at http://tollins.blogspot.de/

  4. #4
    Atomic Punk
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    aw come on guys...Muzak is an American institution!! We should all listen to an elevator version of Billy Joel's Just the Way You Are and share in a moment of silence.

  5. #5
    Atomic Punk edwardv's Avatar
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    12.13.17 @ 03:35 PM
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    Always makes me think of Medical and Dental procedures. Good riddence.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  6. #6
    Banned! i1sum2!'s Avatar
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    The Nuge will be happy now.

  7. #7
    Sinner's Swing! Jesus H Christ's Avatar
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    Quote Originally Posted by broken9500 View Post
    aw come on guys...Muzak is an American institution!! We should all listen to an elevator version of Billy Joel's Just the Way You Are and share in a moment of silence.
    Can we just share the moment silence?
    "The less I needed, the better I felt." ~ Charles Bukowski.

  8. #8
    Good Enough wham bam will rock's Avatar
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    Hey MUZAK....

    Don't let the elevator door hit you on the way out.
    "Never is just reven spelled backwards." -House

    "Did I listen to pop music because I was miserable or was I miserable because I listened to pop music?" -THE Rob Gordon

  9. #9
    Eruption Naked Wake's Avatar
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    12.11.17 @ 12:57 PM
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    on the same subject, and more devastating in my opinion, XM/Sirius are also considering Bankruptcy.

  10. #10
    Good Enough
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    The first thing i thought of was at the end of the Blues Brothers where they're in the elevator and muzak is playing.
    Dealing with it.

  11. #11
    Hang 'Em High
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    12.10.17 @ 08:06 AM
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    Quote Originally Posted by i1sum2! View Post
    The Nuge will be happy now.
    The Nuge will be temporarily at ease for now. He will achieve happiness later today when he kills his dinner

  12. #12
    Banned! i1sum2!'s Avatar
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    Quote Originally Posted by Ain't Talkin' Bout' Love View Post
    The Nuge will be temporarily at ease for now. He will achieve happiness later today when he kills his dinner
    You're probably right.

    Shemane, shall we have antelope for dinner tonight?

    I'm sure he's stoked upon hearing the news about Muzak filing for bankruptcy.

 

 

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