Follow the jump for part two
[Link: VBS via SITW] [click to continue…]
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December 2008
The New York-based private equity firm of Goode Partners LLC has announced that they are taking a minority investment in Rick Alden’s Skullycandy action electronics company.
We are thrilled to be part of the Skullcandy team and growth plan. Rick Alden and Jeremy Andrus have assembled a truly dynamic and knowledgeable team to accelerate the Skullcandy® brand worldwide. They have clearly leveraged their experience and knowledge of the global action sport marketplace to position the Skullcandy and 2XL brands for mainstream success”, said David Oddi, Partner of Goode Partners.
And, not surprisingly, Rick Alden is excited about getting more money. Why wouldn’t he be?
[Link: PEhub.com]
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This should be entertaining. This Thursday, December 18, 2008 at 1:30 PST Quiksilver will host a “conference call to review its fiscal 2008 fourth quarter and year-end financial results
The broadcast will be hosted at www.quiksilverinc.com and at www.viavid.net. To listen to the broadcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, go to the latter site prior to the call, where you can download the software for free.
Get your rig ready and listen up.
[Link: Welt.de]
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One of the biggest reasons we rarely watch Fuel TV is because it was never on our cable system. We always wondered why they couldn’t simply put their shows on their website so we could check them out any time we wanted. Finally, our wonders have been partially answered with Fuel TV’s the new HD web player from Move Networks.
“FUEL TV is the only television network dedicated to action sports,” says Gene Pao, FUEL TV Vice President of New Media and International Development. “Now FUEL TV will be the first place consumers can watch full-length HD action sports shows online. The quality of the viewing experience is really unmatched anywhere online in the action sports world.”
Soon we’ll be able to watch The Standard Snowboard Show, Firsthand, and FUEL TV presents Camp Woodward, but the bummer is that full-length episodes “will only be available on the web site for a limited time.” Huh? Well, at least it’s one step in the right direction. [click to continue…]
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City of South Lake Tahoe officials swarmed Marc Frank Montoya’s The Block Hotel last Thursday (December 11, 2008) and shut the place down until the hotel can pay up on more than $100,000 in back taxes it owes the city.
Customers who occupied the hotel (Thursday) were allowed to stay, but the hotels will remain closed until the TOT is paid,” City Attorney Catherine DiCamillo said Friday. . . . The Block failed to pay TOT between January 2007 and January 2008, and owed penalties and interest from September and December 2006, according to the police statement. . . . Managing partner of the hotels — 37-year-old Las Vegas resident Eneliko Smith — appealed Vuletich’s decision to City Manager David Jinkens, who upheld the finance director’s decision on Nov. 21.
Smith said that the back taxes had not been paid because “financial records detailing the unpaid takes were lost.” Nice of the city to close the hotel right before the holidays, but it shouldn’t have been a surprise to Smith as he was arrested in September over the same issue.
The biggest bummer is for all the shreds who invested in this place and trusted Smith to run the business.
[Link: Tahoe Daily Tribune]
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Unless the action sports magazine category can buck a major media trend, 2009 could be pretty rough. And that comes on the heels of what Media Daily News is calling “the worst year in decades for magazines.”
Through the middle of December, consumer magazines are down 9.4% from last year, according to MIN Online; this compares with a 7.8% drop in 2001. Worse, magazines do not appear to be headed for a quick rebound like the last recession. . . . At this rate, 2008’s losses will almost certainly be compounded in 2009–bringing two straight years of declines, which will result in more magazine closures and layoffs.
We’ll keep you posted.
[Link: Media Daily News via I Want Media]
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Looking for a last minute gift item for the snowboarder in your life? Sam’s Club has a great selection of Burton Snowboards. The prices aren’t that great but they’ll ship them right to you and they are covered by Sam’s Club Member Satisfaction Guarantee. How rad is that?
[Link: Sam’s Club via Tackled-Box]
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We thought misguided design engineers would stick to skateboarding, but snowboarding isn’t so lucky this year. This monstrosity, The Whip, is reportedly from a company called Cheeta Ultra Sports.
The Whip promises improvements in pretty much every element of snowboard riding including a better fit, a faster, more stable and smoother ride, superior edge holding and sensitivity, plus higher jumps, softer landings and quicker turns. The only caveat – its not designed for deep powder.
You’d think that before designing a new product these designers would actually ride a snowboard at least once. Then they’d know that anything that increases the distance from the foot to the board is almost always bad. But it appears they didn’t.
[Link: Gizmag]
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The 2008-09 contest season looks pretty loaded up and according to a story in the Sports Business Journal snowboarders are doing well at managing their schedules.
Prioritizing has become a key word for White and other snowboarders this winter. Ever since the Dew Tour announced plans to launch a three-stop winter series, agents, athletes and winter event organizers have wondered if the winter calendar could support the number of events planned for the 2008-09 season. Athlete participation is key to each event’s survival because only stars can generate the interest needed to draw people to the slopes or TV to watch.
Bob Klein, Andy Finch, Shaun White’s agent Mark Ervin, Chris Stiepock, and Hannah Teter are quoted.
[Link: Sports Business Journal]
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James Strong, 64, the chariman of the board at Rip Curl resigned from the board on November 20, 2008 but the company only just told the Australian Securities and Investments Commission on Friday, according to a story in the Sydney Morning Herald.
He will remain on the boards of Woolworths and Insurance Australia Group – he is chairman of both – and Qantas. He also plans to keep his small stake in Rip Curl. . . .His decision to step down from the Victorian company comes amid turbulent times for surfwear retailers. Billabong is suffering from a slowdown in global sales, and some US analysts say Quiksilver may have to put itself up for sale because of its hefty debt load.
[Link: Sydney Morning Herald]
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