Skip to content
Your cart is empty

Have an account? Log in to check out faster.

Continue shopping

COPPER

A PS Audio Publication

Issue 31 • Free Online Magazine

Issue 31 INDUSTRY NEWS

hhgregg Shuts Down and Neil Young Returns

hhgregg to Liquidate Assets

[Never a big player in audio beyond the HTIB (home theater in a box) segment, Gregg is yet another once-sizable CE chain biting the dust. It is a sad fact of bankruptcy and shut-downs that before they bring closure, there is chaos; for the last year or so the chain has trotted out salvation plans and potential suitors—but as in the case of Radio Shack, it was all to no avail. Ultimately, there is confusion even regarding the number of stores closing: while the press-release mentions 220, the sales flyer mentions 132, and other materials cite 183. Sad to say, at this point, probably no one cares.—Ed.]

INDIANAPOLIS–(BUSINESS WIRE)–hhgregg, Inc. (“hhgregg” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Indiana approved the Company’s initiation of the process to liquidate the assets of the Company commencing on April 8, 2017. As previously announced, hhgregg executed a consulting agreement with a contractual joint venture comprised of Tiger Capital Group, LLC and Great American Group, LLC to conduct a sale of the merchandise and furniture, fixtures and equipment located at the Company’s retail stores and distribution centers.

“Since filing for financial protection under Chapter 11 of the Bankruptcy code on March 6, 2017, we have continued to fight for the future of our company. While we had discussions with more than 50 private equity firms, strategic buyers, and other investors, unfortunately, we were unsuccessful in our plan to secure a viable buyer of the business on a going-concern basis within the expedited timeline set by our creditors. We have, however, received and accepted a bid for liquidation of our assets. This process will begin Saturday, April 8, 2017,” said Bob Riesbeck, President and Chief Executive Officer for hhgregg.

The Company filed for Chapter 11 bankruptcy protection on March 6, 2017. The Company does not anticipate any value will remain from the bankruptcy estate for the holders of the Company’s common stock, although this will be determined in the continuing bankruptcy proceedings.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

####

Next-Generation Personal Music Server – BRIO by OraStream

[Ask almost any audio pro or audiophile about Neil Young’s Kickstarter campaign for Pono, and you’ll likely receive rolled eyes as a response. Given that, and Pono’s subsequent utter lack of market impact, the choice of Young as an endorser for the awkwardly-named OraStream is a little tough to understand. It’ll be interesting to follow this new player in the streaming world. —Ed.]

OraStream announces launch of BRIO – world’s first personal music streaming server for high-resolution audio

OraStream Private Limited has launched BRIO by OraStream (“BRIO”), a next-generation consumer music server. BRIO is a novel personal music server for consumers to stream music at native resolution. It lets users stream 16bit/44kHz up to 24bit/192kHz resolution audio, which delivers all the digital information to bring true musical reproduction.

Consumers can choose from three levels of service:

1. Standard plan is free of charge. It turns desktop PCs into home servers which allow consumers to access music stored in their PCs remotely at native resolution, using a web browser on another PC. It also gives consumers access to connected streaming services.

2. Mobile plan costs S$15 per year. It allows consumers to use an iOS and Android app to access the PC server and connected streaming services using Wi-Fi or 4G/LTE networks.

3. Cloud plan costs S$150 per year. It allows consumers to upload up to 1,000 GB of music files to cloud storage and stream the music from a  cloud-server (rather than relying on the PC server). It also includes all the Standard and Mobile Plan features.

BRIO streams the best possible music fidelity at any given time and place by means of OraStream’s patented quality-adaptive streaming technology. OraStream will also power Xstream, Neil Young’s streaming music service.

Celebrated singer-songwriter Neil Young, who has passionately pursued the goal of musical fidelity for many years, says, “OraStream’s technology delivers the best fidelity one would ever hear with digital music streaming today. As bandwidth increases, the music will increase in quality to the highest level possible, subject only to the quality of the original music source.”

OraStream CEO Frankie Tan says, “There are many solutions available to stream consumers’ music library in-home. What’s unique in BRIO is the ability to stream consumers’ music library remotely “on-the-go” or “in-car”. It offers the freedom to listen to one’s music library at native resolution anywhere with an internet connection.”

About OraStream Private Limited

The company’s mission is to reshape mobile cloud music.  Its adaptive streaming platform powers next-generation music streaming based on 16/24-bit resolution lossless audio. OraStream Connect is a digital supply chain to deliver music streaming at the best possible musical fidelity to consumers. BRIO by OraStream is a music library-player and streaming server to stream personal music and connected cloud-music services at native resolution.

More from Issue 31

View All Articles in Issue 31

Search Copper Magazine

#234 A Life in High-End Audio: The Roy Hall Interview, Part One by Frank Doris Sep 07, 2026 #234 Jason Greenlaw Offers His Personal Perspective on Jazz Guitar in Vantage Point by Frank Doris Sep 07, 2026 #234 Transcendent Phoenix: Lucina Yue Brings the Ancient Konghou Into Modern Times by Frank Doris Sep 07, 2026 #234 We Must All Follow Our Bliss by B. Jan Montana Sep 07, 2026 #234 How to Play in a Rock Band, 27: Leveling Up by Frank Doris Sep 07, 2026 #234 Ross Valory: Traveling Into New Musical Territory With All of the Above by Ray Chelstowski Sep 07, 2026 #234 Singer/Songwriter John David Schrader: On the Need to Create by Joe Caplan Sep 07, 2026 #234 The People Who Make Audio Happen: More From T.H.E. Show SoCal 2026 by Harris Fogel Sep 07, 2026 #234 The Vinyl Beat Digs Into the Gadget Box by Rudy Radelic Sep 07, 2026 #234 The Rolling Stones: Foreign Tongues Spoken Loud by Wayne Robins Sep 07, 2026 #234 Musical Moments by Rich Isaacs Sep 07, 2026 #234 Rags for Solo Piano and a Dog: David Chesky's Ragtime Music for the Modern Age by Frankly Speaking Sep 07, 2026 #234 HIGH END 2026, Vienna: Here to Stay by Carsten Barnbeck Sep 07, 2026 #234 From The Audiophile’s Guide: The Two Main Types of Loudpeakers – Box and Panel by Paul McGowan Sep 07, 2026 #234 Letting it Slide by Frank Doris Sep 07, 2026 #234 PS Audio in the News by PS Audio Staff Sep 07, 2026 #234 Long Playing by Peter Xeni Sep 07, 2026 #234 La Mer by B. Jan Montana Sep 07, 2026 #233 A Report From The Total Hi-Fi Experience Show SoCal 2026 by B. Jan Montana Aug 03, 2026 #233 Bluegrass Meets Country, Folk, Jazz and More in All That We Carried by The Squid City Slingers by Frank Doris Aug 03, 2026 #233 Corey Glover and One Tribe Nation: A Variegated Musical Collective by Ray Chelstowski Aug 03, 2026 #233 Excursions with Clive: The Late Clive Davis, A Personal History by Wayne Robins Aug 03, 2026 #233 AI, Art, and Music: A Conversation With Synthography Art by Joe Caplan Aug 03, 2026 #233 New American Symphonies: A Rediscovered Gem and a Vital Contemporary Work by Frank Doris Aug 03, 2026 #233 The Vinyl Beat: Genesis, the Dave Clark Five, Antonio Carlos Jobim and More by Rudy Radelic Aug 03, 2026 #233 How to Play in a Rock Band, 26: When It's Time to Record Your Music by Frank Doris Aug 03, 2026 #233 More From T.H.E. Show 2026, and the People Who Made it Happen by Harris Fogel Aug 03, 2026 #233 Underappreciated Artists, Part Three: Icehouse by Rich Isaacs Aug 03, 2026 #233 The Surprisingly Rich and Varied Music of Somalia by Steve Kindig Aug 03, 2026 #233 A Remarkable Discographic Legacy: The LP Recordings of the Basel Symphony Orchestra by Stephan Haberthür Aug 03, 2026 #233 From The Audiophile’s Guide: The Importance of Loudspeakers by Paul McGowan Aug 03, 2026 #233 From Swimming Pool to New Listening Room: A Conversation with Norman Varney of AV RoomService by Gilles Laferrière Aug 03, 2026 #233 PS Audio in the News by PS Audio Staff Aug 03, 2026 #233 Audio Jewelry by Peter Xeni Aug 03, 2026 #233 Enrich Your Life by Frank Doris Aug 03, 2026 #233 The Searcher by James Schrimpf Aug 03, 2026 #232 What came first: Art or Music? A Conversation With Artist Jose Acosta by Joe Caplan Jul 06, 2026 #232 Blow By Blow: The Jeff Beck Story: An Insightful Book About a Guitar Icon by Ray Chelstowski Jul 06, 2026 #232 Creed Over Camaraderie? by B. Jan Montana Jul 06, 2026 #232 Chronicles of a Sound Pilgrim at the 2026 Montreal Audiofest by Hugues Morin Jul 06, 2026 #232 The Vinyl Beat: Summer Grooves by Rudy Radelic Jul 06, 2026 #232 Hibbing Hillbilly Dylan's Acoustic Rock by Wayne Robins Jul 06, 2026 #232 Quad Quads and Plasmatronics Tweeters: An Extraordinary System Comes to Life by Frank Doris Jul 06, 2026 #232 In Praise of Live Music, Once Again by Ted Shafran Jul 06, 2026 #232 Allnic Audio’s L-9000 Preamplifier: Design and Engineering Innovation by Howard Kneller Jul 06, 2026 #232 “Best Of” Lists and Rage Bait: Enough Already by Frank Doris Jul 06, 2026 #232 Quick Takes: Bud Shank, Paulo Almeida, Jakob Dreyer, Tim Eriksen and Peter Irvine by Frank Doris Jul 06, 2026

hhgregg Shuts Down and Neil Young Returns

hhgregg to Liquidate Assets

[Never a big player in audio beyond the HTIB (home theater in a box) segment, Gregg is yet another once-sizable CE chain biting the dust. It is a sad fact of bankruptcy and shut-downs that before they bring closure, there is chaos; for the last year or so the chain has trotted out salvation plans and potential suitors—but as in the case of Radio Shack, it was all to no avail. Ultimately, there is confusion even regarding the number of stores closing: while the press-release mentions 220, the sales flyer mentions 132, and other materials cite 183. Sad to say, at this point, probably no one cares.—Ed.]

INDIANAPOLIS–(BUSINESS WIRE)–hhgregg, Inc. (“hhgregg” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Indiana approved the Company’s initiation of the process to liquidate the assets of the Company commencing on April 8, 2017. As previously announced, hhgregg executed a consulting agreement with a contractual joint venture comprised of Tiger Capital Group, LLC and Great American Group, LLC to conduct a sale of the merchandise and furniture, fixtures and equipment located at the Company’s retail stores and distribution centers.

“Since filing for financial protection under Chapter 11 of the Bankruptcy code on March 6, 2017, we have continued to fight for the future of our company. While we had discussions with more than 50 private equity firms, strategic buyers, and other investors, unfortunately, we were unsuccessful in our plan to secure a viable buyer of the business on a going-concern basis within the expedited timeline set by our creditors. We have, however, received and accepted a bid for liquidation of our assets. This process will begin Saturday, April 8, 2017,” said Bob Riesbeck, President and Chief Executive Officer for hhgregg.

The Company filed for Chapter 11 bankruptcy protection on March 6, 2017. The Company does not anticipate any value will remain from the bankruptcy estate for the holders of the Company’s common stock, although this will be determined in the continuing bankruptcy proceedings.

About hhgregg

hhgregg is an appliance, electronics and furniture retailer that is committed to providing customers with a truly differentiated purchase experience through superior customer service, knowledgeable sales associates and the highest quality product selections. Founded in 1955, hhgregg is a multi-regional retailer currently with 220 stores in 19 states that also offers market-leading global and local brands at value prices nationwide via hhgregg.com.

####

Next-Generation Personal Music Server – BRIO by OraStream

[Ask almost any audio pro or audiophile about Neil Young’s Kickstarter campaign for Pono, and you’ll likely receive rolled eyes as a response. Given that, and Pono’s subsequent utter lack of market impact, the choice of Young as an endorser for the awkwardly-named OraStream is a little tough to understand. It’ll be interesting to follow this new player in the streaming world. —Ed.]

OraStream announces launch of BRIO – world’s first personal music streaming server for high-resolution audio

OraStream Private Limited has launched BRIO by OraStream (“BRIO”), a next-generation consumer music server. BRIO is a novel personal music server for consumers to stream music at native resolution. It lets users stream 16bit/44kHz up to 24bit/192kHz resolution audio, which delivers all the digital information to bring true musical reproduction.

Consumers can choose from three levels of service:

1. Standard plan is free of charge. It turns desktop PCs into home servers which allow consumers to access music stored in their PCs remotely at native resolution, using a web browser on another PC. It also gives consumers access to connected streaming services.

2. Mobile plan costs S$15 per year. It allows consumers to use an iOS and Android app to access the PC server and connected streaming services using Wi-Fi or 4G/LTE networks.

3. Cloud plan costs S$150 per year. It allows consumers to upload up to 1,000 GB of music files to cloud storage and stream the music from a  cloud-server (rather than relying on the PC server). It also includes all the Standard and Mobile Plan features.

BRIO streams the best possible music fidelity at any given time and place by means of OraStream’s patented quality-adaptive streaming technology. OraStream will also power Xstream, Neil Young’s streaming music service.

Celebrated singer-songwriter Neil Young, who has passionately pursued the goal of musical fidelity for many years, says, “OraStream’s technology delivers the best fidelity one would ever hear with digital music streaming today. As bandwidth increases, the music will increase in quality to the highest level possible, subject only to the quality of the original music source.”

OraStream CEO Frankie Tan says, “There are many solutions available to stream consumers’ music library in-home. What’s unique in BRIO is the ability to stream consumers’ music library remotely “on-the-go” or “in-car”. It offers the freedom to listen to one’s music library at native resolution anywhere with an internet connection.”

About OraStream Private Limited

The company’s mission is to reshape mobile cloud music.  Its adaptive streaming platform powers next-generation music streaming based on 16/24-bit resolution lossless audio. OraStream Connect is a digital supply chain to deliver music streaming at the best possible musical fidelity to consumers. BRIO by OraStream is a music library-player and streaming server to stream personal music and connected cloud-music services at native resolution.

0 comments

Leave a comment

0 Comments

Your avatar

Loading comments...

🗑️ Delete Comment

Enter moderator password to delete this comment:

✏️ Edit Comment

Enter your email to verify ownership: