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The Singing Machine Company (SMC) was originally incorporated in California in 1982 with a focus on professional and semi-professional karaoke equipment. In 1988 the company began marketing karaoke equipment for home use. It is believed that SMD was the first company to introduce home karaoke products to the United States. [1]
Strategic Rebranding to Focus on Expanded Business Model and Growth Strategy. New Ticker RIME. Fort Lauderdale, FL, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, recently announced it has successfully completed the acquisition of SemiCab, Inc. (“SemiCab”), a leading ...
The transaction was structured as an asset purchase/sale. At closing, Singing Machine will issue to SemiCab 641,806 shares of its common stock, which represents approximately 10% of the Company’s issued and outstanding common stock as of July 3, 2024 and the assumption of approximately $2.6 million in liabilities as of March 31, 2024.
A person singing karaoke in Hong Kong ("Run Away from Home" by Janice Vidal). Karaoke (/ ˌ k ær i ˈ oʊ k i /; [1] Japanese: ⓘ; カラオケ, clipped compound of Japanese kara 空 "empty" and ōkesutora オーケストラ "orchestra") is a type of interactive entertainment system usually offered in clubs and bars, where people sing along to pre-recorded accompaniment using a microphone.
Shigeichi Negishi (November 29, 1923 – January 26, 2024) was a Japanese engineer who invented the earliest prototype of the karaoke machine.Using a speaker, a microphone, and a tape deck, he was able to simultaneously amplify his voice and play an instrumental backing track.
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