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[redigér | rediger kildetekst]In 1972, after a long-running financial struggle, legal issues with the Grotrian-Steinweg brand, and a lack of business interest among some of the Steinway family members, the firm was sold to CBS. At that time CBS owned many enterprises in the entertainment industry, including guitar maker Fender, electro-mechanical piano maker Rhodes, and the baseball team New York Yankees. CBS had plans to form a musical conglomerate that made and sold music in all forms and through all outlets, including records, radio, television, and musical instruments. This new conglomerate was evidently not as successful as CBS had expected, and Steinway was sold in 1985, along with classical and church organ maker Rodgers and flute and piccolo maker Gemeinhardt, to a group of Boston-area investors.[1] These investors founded the musical conglomerate Steinway Musical Properties (later Steinway Musical Instruments, a publicly traded company (NYSE: LVB)), which is the parent company of Steinway.
Acquisitions
[redigér | rediger kildetekst]In 1972, after a long-running financial struggle, legal issues with the Grotrian-Steinweg brand, and a lack of business interest among some of the Steinway family members, the firm was sold to CBS. In 1985, CBS sold Steinway, along with Rodgers Instruments (classical organs) and Gemeinhardt (flutes and piccolos) to a group of investors: Steinway Musical Properties, Inc.[2]
In 1995, Steinway Musical Properties, parent company of Steinway, merged with the Selmer Company to form Steinway Musical Instruments, which acquired the flute manufacturer Emerson in 1997, then piano keyboard maker Kluge in 1998, and the Steinway Hall in 1999.[3] The conglomerate made more acquisitions in the following years. Since 1996, Steinway Musical Instruments has been traded at the New York Stock Exchange (NYSE) under the abbreviation LVB, for Ludwig van Beethoven. The Korean piano and guitar maker Samick Music Corporation is the largest shareholder, controlling 33% of Steinway stock;[4] Samick Chairman Jong Sup Kim has been a member of the Steinway board of directors since November 2009.[5]
Music
[redigér | rediger kildetekst]Steinway pianos have appeared in numerous records and concerts. A few examples are:
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Ignacy Jan Paderewski performing on a Steinway[1] grand piano waltz in C sharp minor, Op. 64, No. 2, composed by Frédéric Chopin. (Studio recording from 1917). -
Sergei Rachmaninoff performing on a Steinway[2] grand piano waltz in E flat major, Op. 18, composed by Frédéric Chopin. (Studio recording from 1921). -
The White House's Steinway[3] art case grand piano from 1938. Lin-Manuel Miranda (rapping) and Alex Lacamoire (piano) performing The Hamilton Mixtape, composed by Lin-Manuel Miranda, at the White House Evening of Poetry, Music and the Spoken Word. (Concert recording from 2009). -
Harry Connick, Jr. and his band performing When the Saints Go Marching In. Harry Connick, Jr. plays on a Steinway[4] grand piano. (Concert recording from 2010).
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- ^ According to the little book in the CD cover of the album Paderewski plays Chopin – Volume 1 from the label Pearl the piano is a "Steinway grand". Paderewski was very associated with Steinway, he and William Steinway together created the program called Steinway Artists.
- ^ According to the back of the CD's cover of Sergej Rachmaninov Piano Recital: "Piano: Steinway & Sons Grand Piano".
- ^ "Lin-Manuel Miranda Performs at the White House Poetry Jam: 8 of 8", White House Official Website, May 12, 2009. Retrieved August 7, 2011.
- ^ "Harry Connick, Jr. at the White House", White House Official Website, February 21, 2010. Retrieved August 23, 2011.