Phoenix Gold Sold to Investment Group
Phoenix Gold International, the Portland based parent of renowned consumer and professional audio brands Phoenix Gold, AudioSource, and Carver, has been purchased by local investment group PHX AP Acquisitions and Phoenix Gold vice president Tom O’Mara. The new executive team has appointed Jonathan Cooley as CEO and Tom O’Mara as President. Additional management changes will soon be announced. “The Phoenix Gold,...
Majors Go After LimeWire
The Recording Industry Association of America (RIAA) filed suit against LimeWire on Friday in the United States District Court in Manhattan. The RIAA, who represent the Major Recording Labels, seeks damages of $150,000 per infringing file. The action comes after negotiations broke down when the RIAA insisted that the current LimeWire service be completely shut down while a new industry-approved application was developed. The RIAA...
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