Your EDM
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord
No Result
View All Result
Your EDM
No Result
View All Result
Home EDM News

Pioneer Officially Selling DJ Business For $550 Million

by Scott Greene
September 16, 2014
in EDM News, Featured
Pioneer Officially Selling DJ Business For $550 Million

You might remember the rumors from less than two weeks ago that Japanese digital entertainment manufacturer Pioneer would be selling off its world-renowned DJ equipment business for close to $570 million. However, Reuters now reports that the deal is official and finalized, ending in a $550 million sale of a spin-off “Pioneer DJ” brand to KKR & Co., a private equity firm based in the U.S., known for picking up other companies’ noncore businesses in Japan.

Susuma Kotani, Chief Executive and President at Pioneer, says the DJ business was “highly profitable”, however the sale is being done in the name of “concentrating resources” to focus on Pioneer’s auto-related business. The effects of this sale on consumers have yet to be realized; what the receiving firm will do with the newly acquired assets is unclear, although hopefully the circumstances surrounding the sale mean we won’t necessarily see a decline in Pioneer’s 60% market share just yet.

[Source: Reuters]

Tags: CDJdj equipmentdjmpioneer
Previous Post

Galavant feat. Mary Jane Smith – World Of Dreams (5 & A Dime Remix)

Next Post

Zedd Wants To Work With Muse On Upcoming Album

Scott Greene

Scott Greene

I ♥ music. Electronic, classical, jazz, rock, pop, you name it I probably dig it. I also make music as Megaphonix, and I'm currently studying Clarinet Performance + Music Technology at University of Illinois at Urbana-Champaign.

Next Post
Zedd Dedicates Grammy To Best Friend Skrillex

Zedd Wants To Work With Muse On Upcoming Album

No Result
View All Result

Facebook Twitter Instagram Twitch

Our Company

  • Contact Us
  • Join the community

Our Policies

  • Privacy Policy
  • Cookie Policy
  • Terms of Use
© 2020 Your EDM, LLC - All Rights Reserved
No Result
View All Result
  • News
  • Featured
    • Editorials
    • Giveaways
    • Aspire To Inspire
    • Interviews
  • Music
    • House
      • Bass House
      • Commercial House
      • Deep House
      • Disco House
      • Dutch House
      • Electro House
      • Future House
      • Indie Dance
      • Nu-Disco
      • Progressive House
      • Tech House
    • Bass Music
      • Drum n Bass
      • Dubstep
      • Future Bass
      • Glitch Hop
      • Hardstyle
      • Moombahton
      • Trap
    • Trance
      • Trouse
      • Uplifting Trance
      • Tech Trance
    • Free Downloads
  • Discord

© 2020 Your EDM, LLC - All Rights Reserved