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post #1 of 342 Old 03-10-2020, 10:30 AM - Thread Starter
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Coronavirus & Economics: Effect on Our Home Theater & Audio Hobbies?

How does or may the current coronavirus & economic conditions worldwide and in the U.S. affect us in our home theater and audio video hobbies? So many electronics and parts are manufactured in Asia and particularly China. And of course we in the US are so dependent on antibiotics most of which are manufactured in China. Antibiotics saved my life Dec 2018 when I had a ruptured appendix! If not for antibiotics I wouldn't be here now. Now all of this is being disrupted!

Here's a number of articles on this very subject:

https://www.cnbc.com/2020/02/08/coro...-holidays.html
https://www.forbes.com/sites/annashe.../#58eea6cd5a13
https://www.latimes.com/business/sto...onomy-business
https://www.cnbc.com/2020/02/08/coro...-holidays.html
https://www.forbes.com/sites/annashe.../#58eea6cd5a13
https://www.latimes.com/business/sto...onomy-business
https://www.audioaficionado.org/arch...p/t-21270.html
https://1businessworld.com/2020/02/b...ring-in-china/
https://nypost.com/2019/09/03/the-hi...ed-from-china/
https://www.politico.com/news/2019/1...exports-088126
https://www.breitbart.com/asia/2020/...ical-supplies/

And of course industry & enthusiast conferences are being canceled and/or rescheduled all over the world:

https://parttimeaudiophile.com/2020/...irus-outbreak/
https://www.bbc.com/news/business-51439403
https://www.cnbc.com/2020/02/21/face...-industry.html

Of my current home theater renovation/upgrade still in progress, fortunately I pretty much have most of the gear already. My Aerial Acoustics 7ts and onwall 7LCRs were assembled in US, but cabinets made in China (cabinets are 100% top notch - anyone opening them up as I have has verified this) and I already have them - last pair of 7LCRs are on the way, but Aerial maintains a good inventory of their current model speakers and parts for repair. I have my Trinnov Altitude 32 SSP and Trinnov/ATI amplifiers along with 3 Theta Digital Prometheus monoblocks. I have other gear as well. My 12 21" sealed Seaton subwoofers with external amplifiers don't seem to be an issue and should be coming soon. And my dealer I believe has the Triad Silver Rotatable/Sat 9 speakers. So I am in good shape.

Michael Kelly of Aerial Acoustics is developing a brand new model, the 30t. I'm interested in getting it for front left and right in my home theater. However, I think its been delayed as with the tariff political climate of US and China, and some folks simply being anti-China (I want to emphasize, I believe there is no place for anti-foreign hysteria or prejudice, but that's a separate issue
from legitimate economic concerns for one's own country and its citizens and workforce and tariff and trade issues being worked out between countries), Michael Kelly saw the writing on the wall and has been working for future models to have cabinets made in the US. Actually, a lot of speaker companies have cabinets made outside the US particularly in China:
https://www.audioaficionado.org/arch...p/t-21270.html

I wonder how parts availability may affect even US companies with US manufacturing facilities, in terms of availability and price? Anyone else have concerns?
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Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.

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post #2 of 342 Old 03-10-2020, 05:07 PM
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I posted this in the Kscape forum, I think it is apropos for this thread also. https://www.kscapeowners.com/XF/thre...and-date.3441/

"Well if there ever was time for the movie studios to implement Day and Date it would be now. The cinema owners worldwide along with the studios are feeling the effects of the Corona Virus. Perhaps the studios could show support for the local cinemas by alocating a percentage of the sales price to local cinemas based on purchaser's zip code."
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post #3 of 342 Old 03-11-2020, 04:18 AM
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I like it!

The way this being hyped in the media I can see mass work stoppage. It’s starting with many working from home and some schools and universities closing.

I’m just waiting for patient cancellations at my office - then I’ll be home.

Rather be working but I do have 20-30 movies to catch up on.

Day and date would be a bonus and to Steve’s point may be a way for the studios to salvage box office revenue if theaters dry up!
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post #4 of 342 Old 03-11-2020, 09:45 AM
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Quote:
Originally Posted by Steve Bruzonsky View Post
How does or may the current coronavirus & economic conditions worldwide and in the U.S. affect us in our home theater and audio video hobbies? So many electronics and parts are manufactured in Asia and particularly China. And of course we in the US are so dependent on antibiotics most of which are manufactured in China. Antibiotics saved my life Dec 2018 when I had a ruptured appendix! If not for antibiotics I wouldn't be here now. Now all of this is being disrupted!



Here's a number of articles on this very subject:



https://www.cnbc.com/2020/02/08/coro...-holidays.html

https://www.forbes.com/sites/annashe.../#58eea6cd5a13

https://www.latimes.com/business/sto...onomy-business

https://www.cnbc.com/2020/02/08/coro...-holidays.html

https://www.forbes.com/sites/annashe.../#58eea6cd5a13

https://www.latimes.com/business/sto...onomy-business

https://www.audioaficionado.org/arch...p/t-21270.html

https://1businessworld.com/2020/02/b...ring-in-china/

https://nypost.com/2019/09/03/the-hi...ed-from-china/

https://www.politico.com/news/2019/1...exports-088126

https://www.breitbart.com/asia/2020/...ical-supplies/



And of course industry & enthusiast conferences are being canceled and/or rescheduled all over the world:



https://parttimeaudiophile.com/2020/...irus-outbreak/

https://www.bbc.com/news/business-51439403

https://www.cnbc.com/2020/02/21/face...-industry.html



Of my current home theater renovation/upgrade still in progress, fortunately I pretty much have most of the gear already. My Aerial Acoustics 7ts and onwall 7LCRs were assembled in US, but cabinets made in China (cabinets are 100% top notch - anyone opening them up as I have has verified this) and I already have them - last pair of 7LCRs are on the way, but Aerial maintains a good inventory of their current model speakers and parts for repair. I have my Trinnov Altitude 32 SSP and Trinnov/ATI amplifiers along with 3 Theta Digital Prometheus monoblocks. I have other gear as well. My 12 21" sealed Seaton subwoofers with external amplifiers don't seem to be an issue and should be coming soon. And my dealer I believe has the Triad Silver Rotatable/Sat 9 speakers. So I am in good shape.



Michael Kelly of Aerial Acoustics is developing a brand new model, the 30t. I'm interested in getting it for front left and right in my home theater. However, I think its been delayed as with the tariff political climate of US and China, and some folks simply being anti-China (I want to emphasize, I believe there is no place for anti-foreign hysteria or prejudice, but that's a separate issue

from legitimate economic concerns for one's own country and its citizens and workforce and tariff and trade issues being worked out between countries), Michael Kelly saw the writing on the wall and has been working for future models to have cabinets made in the US. Actually, a lot of speaker companies have cabinets made outside the US particularly in China:

https://www.audioaficionado.org/arch...p/t-21270.html



I wonder how parts availability may affect even US companies with US manufacturing facilities, in terms of availability and price? Anyone else have concerns?
Thank you for taking the time to write this up. Definitely a lot to think about. I am sure many things currently in production or development may get put on the back burner as companies assess the financial impact on their industry sector and their business.

Also if AV trade shows get postponed or cancelled will that also delay planned product rollouts. Fear of a global economic recession has impacted the global markets with some countries implementing financial stimulus packages already and others beginning to formulate them.

Could the virus impact bring China back to the table for trade negotiations? With Chinese media being government regulated how do we even know with any certainty the true impact of the virus in the China?


True assessment might only come from tracking imports and exports of goods to determine the virus' impact. China doesn't want to weaken their perceived strength in any trade negotiations.

Sorry for the tangent but yes there could more widespread impact on the hobby we all enjoy. Could it lead to poor quality control if companies employ cost saving measures during these uncertain times? Or could an overstressed workforce, having to do more work due to forced layoffs or absenteeism due to illness or fear of illness, produce more inferior products than in the past? Then could the fear of buying inferior products reduce consumer expenditure further exacerbating the situation. This virus could have economic consequences that continue for years.

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Last edited by skylarlove1999; 03-11-2020 at 04:14 PM.
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post #5 of 342 Old 03-11-2020, 01:51 PM - Thread Starter
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As there are some here who do attend the annual NAB show in Las Vegas, I thought I should mention that it has been cancelled as of today. I don't see the need to say why!

https://nabshow.com/2020/
Trinnov's newsletter stated they (would) have had a demo there, among many others.

Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.
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post #6 of 342 Old 03-11-2020, 03:03 PM
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Same day release options for streaming is definitely open for discussion as the spring and summer blockbusters approach. I am sure iTunes and Vudu and other very popular outlets would be considered. Since they have the majority of customers who currently stream. As long as they keep the price reasonable. I would definitely be open to buying some or even doing a two or three day rental...

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https://www.innerfidelity.com/conten...r-cancellation

High End 2020: Coronavirus Fears Trigger Cancellation
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https://www.cepro.com/business-suppo...52&bid=2609832


Attendee at Florida CEDIA Tech Summits Reportedly Tests Positive for Coronavirus

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https://www.cepro.com/news/cedia-can...52&bid=2609832

Coronavirus Causes CEDIA to Cancel Vancouver Tech Summit

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I’m paying close attention to this as I’m in the process of ordering gear. I know for example that the theater seats I bought (Valencia) weren’t going to be back in stock until summer due to Coronavirus related supply issues. Monolith seem to have similar issues as I’ve been looking at their 7 and 11 channel amps for weeks.
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post #11 of 342 Old 03-11-2020, 06:06 PM
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I’m paying close attention to this as I’m in the process of ordering gear. I know for example that the theater seats I bought (Valencia) weren’t going to be back in stock until summer due to Coronavirus related supply issues. Monolith seem to have similar issues as I’ve been looking at their 7 and 11 channel amps for weeks.
Monolith amps have been in high demand for about 3 years now honestly so from time to time all the models are sold out. It could get worse through the coronavirus but it's been very difficult to buy one the last couple years

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post #12 of 342 Old 03-11-2020, 06:58 PM - Thread Starter
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Good news is I talked with Mark Seaton today re the 12 21" sealed subwoofers on order with 2 double (2 2000 watt amplifiers per unit, each 200 watt amplifiers covers 3 subwoofers) and all parts are in and available. YEA!
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President Trump tonight has stopped flights to and from Europe due to coronavirus concerns. However, goods and products are not subject to the stoppage.

Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.
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https://variety.com/2020/film/news/c...us-1203529527/

CinemaCon 2020 Canceled Over Coronavirus Concerns

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Originally Posted by Steve Bruzonsky View Post
President Trump tonight has stopped flights to and from Europe due to coronavirus concerns. However, goods and products are not subject to the stoppage.
On air, he actually said that goods and products *are* subject to the stoppage. I didn't think that made much sense since it was still possible to get shipments from China during the previous round of flight cancellations.

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post #17 of 342 Old 03-12-2020, 02:25 AM
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In Houston Mayor Turner canceled the Houston Livestock and Rodeo. 1 male came down
with the virus after visiting the Rodeo Cookoff on the 28th of February. That Houston shut down the rodeo,and,the NBA postponed games,leaves only the Astro's as the one who has not decided on how to proceed. Astros and the Rockets signed different agreements with both,the city and the county.Those agreements do not allow both the city and county from enforcing a shutdown.
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On air, he actually said that goods and products *are* subject to the stoppage. I didn't think that made much sense since it was still possible to get shipments from China during the previous round of flight cancellations.

right, on air “trade and cargo” were said to be part but that was walked back by his staff and press releases (maybe even a tweet?) afterwards.

locally, the FIS cross country world cup got cancelled. sigh
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post #19 of 342 Old 03-12-2020, 06:50 AM
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Posts removed. This thread is for the affects of Coronavirus on HT. Nothing else.

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I have to believe commercial theaters will be next to suspend services in the US
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post #21 of 342 Old 03-12-2020, 08:18 AM
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I’m just waiting for patient cancellations at my office -
I’m 5/5 in cancels this morning....gives me more time to research speakers I guess
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post #22 of 342 Old 03-12-2020, 08:20 AM
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I have to believe commercial theaters will be next to suspend services in the US
Would be cool to get those released and watch on VUDU. or Kaleidescape for those who have them.

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post #23 of 342 Old 03-12-2020, 08:22 AM
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I’m 5/5 in cancels this morning....gives me more time to research speakers I guess
Are you a Doctor?
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post #24 of 342 Old 03-12-2020, 08:25 AM
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Are you a Doctor?
Pulmonary/critical care....not surprising a lot of my patients are turtling up.
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post #25 of 342 Old 03-12-2020, 12:37 PM
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Montreal audio show was postponed today also.
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How much did SARS impact HT? What about MERS after that? How does COVID-19 compare to them? Because, from what I've read, it's less deadly, but more easily spread. So, while I get it (I know how to multiply percentages, lol), I'm still unsure that the insanity is warranted (given what we actually know to this point).

MERS, with a 30% mortailty rate, would have only had to reach 4.6% of the planet to have the same impact as COVID-19 at its (currently estimated) 2% mortality rate (assuming the prediction that 70% of the world's populous will get it is correct). We had a right to be scared to death about MERS! So, while this spreads fast, it kills less, and our reaction must be a combination of all aspects of the virus, not just its infection rate.

Fortunately, we have survived two other coronavirus epidemics, learned from them, and (provided we can work with health officials and stay reasonable) we'll get through this, too.

Me, bring it on, I want immunity (created by my body not some vaccine in a year); I'm not scared. If I die, at least it will be living my g-d life instead of balling myself up in a corner and worrying about something I can't control unless I want to 100% sever my relationships with the world. I suppose I'll take that 2% chance, especially given my health and how the 2% is skewed in the population (towards, as usual, the elderly or otherwise already immunocompromised folks).

This isn't MERS, folks; let's analyze it for what it is using what we know about it. Freaking out, well, that's good for people who like to short the stock market or have cash to invest. In that vein, though, freak out, more, a lot, tons, please! I have money sitting around waiting to get invested, if the market tanks 30% I'll be THRILLED when it recovers and I laugh...all the way to the Keith Yates for my dream theater design!
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post #27 of 342 Old 03-12-2020, 01:01 PM - Thread Starter
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I am retired and living off savings and measly Social Security and helping my daughters. Fortunately I have a balanced portfolio and cash I need now I can take out of cash/bonds as when this starts to subside, in some months hopefully, then the stock market will start going back up and not be so erratic and downward.

I am also about to be 67, have used a CPAP for years, and thereafore I am in more of a high risk category, I am forgoing a half dozen concerts I have scheduled for at least this next month at Mesa Arts Center and Phoenix Musical Instrument Museum. And I normally at a lot in restaurants and I am going to work on forgoing that and eating at home for now.

And we are proceeding with my home theater renovation & upgrade - movie theaters for the forseeable future are definitely a NO NO!

If airline flights to and from China hadn't been stopped some time ago, it would be a lot worse now. We don't have to be overly alarmist. But we also do not have to act stupid. Not shaking hands, washing hands frequently, etc and social distancing is a great way to slow down the threat of this virus.

We shouldn't freak out. We should personally take actions that are smart, responsible and proactive.

Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.
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*snip*
We shouldn't freak out. We should personally take actions that are smart, responsible and proactive.
Agreed 100% -- and those actions change based on your personal situation. In your case, sure, stay away, you're at risk. And, if I felt sick, I'd be staying home out of respect for folks like you (or, I'd wear a mask out).

As for the market, glad it's not hurting you, yet. Still want it to tank more, though, if I'm being honest...only because I want in at a low-point. I missed the bloody housing crash, I owned nothing to leverage and had no cash reserves to invest; if I can at all help it, I won't miss the boat on this one.
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post #29 of 342 Old 03-12-2020, 01:39 PM - Thread Starter
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Originally Posted by DreamWarrior View Post
Agreed 100% -- and those actions change based on your personal situation. In your case, sure, stay away, you're at risk. And, if I felt sick, I'd be staying home out of respect for folks like you (or, I'd wear a mask out).

As for the market, glad it's not hurting you, yet. Still want it to tank more, though, if I'm being honest...only because I want in at a low-point. I missed the bloody housing crash, I owned nothing to leverage and had no cash reserves to invest; if I can at all help it, I won't miss the boat on this one.
I

Oh, on paper no doubt I have been hurt in the market! I try NOT to think about it. But thanks to a balanced portfolio, I can take $$ I need for the next few months or year or two out of the cash/bonds part of my portfolio, leaving the stock portion to bounce back, and then rebalance later on.
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Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.
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post #30 of 342 Old 03-12-2020, 03:36 PM - Thread Starter
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https://www.audioholics.com/editoria...lz3TBsgc9gqx4A

Will COVID-19 tank the AV industry? A really well written and thought out article.

"Gene DellaSala, President of Audioholics, recently found out he was exposed to the coronavirus COVID-19 from an industry person who failed to disclose he was in China prior to his visit on February 29th. It wasn't until a week after his illness and not getting better did Gene get a call regarding the infectious individual and his wife were hospitalized after testing positive for COVID-19. Gene tested positive and now he and his family are quarantined for the next 2 weeks until the health department clears his health."
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Pray for all of our healthcare providers who are doing their best at great risk to help us survive the current Covid-19 virus crisis.

Last edited by Steve Bruzonsky; 03-12-2020 at 06:08 PM.
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