Gibson Guitars are on the verge of bankruptcy per an article in the Nashville Times. The famed company is currently in a shitload of debt and its bondholders are panicking as their CFOs are abandoning ship. Despite bringing in a billion dollars last year, the prospects of Gibson are uncertain which begs the question: What future do high-end guitar brands have in a world that’s gravitating towards electronic music? And more importantly- is the death of electric guitar closer than we think, like many are claiming?
16 CommentsTags: bankruptcy, death of the guitar, decline, doom, Gibson, guitars, high end guitars, Korean guitars, news, panic, Paul Reed Smith, Taylor Guitars, trends
