Word: seeburgs
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From 1948 to 1978, from bebop to the twist to disco, Seeburg was the jukebox king, selling more boxes to more bars, restaurants and soda shops than any other firm. But in 1979 Seeburg filed for reorganization under the bankruptcy laws. Like its competitors, the company had been hurt by its dependence on 45- r.p.m. records, which today account for only 5% of the record and tape market...
...Seeburg's jukeboxes are back, playing compact discs instead of 45s. For $1, customers can listen to three selections from CDs (the jukebox accepts no change). Eighteen plays can be heard for $5. One major attraction is that a CD jukebox can play 700 to 1,000 different songs, compared with the 200 or so that are offered by a traditional machine. Seeburg expects to sell 4,500 of its new jukes by next June...
...Seeburg faces competition, though. Next month, Rowe International will introduce a model that will play both CDs and 45s. Seeburg also confronts the new video jukeboxes produced by Laser Video Music and Rowe. They play music videotapes on 25-in. color screens. Since video jukeboxes, which charge 50 cents a play, were first introduced three years ago, some 700 have been installed. They typically offer 45 different selections...
...Cash did a little casual singing in a Memphis studio. Perkins is hardly discernible; Cash can't really be heard; but Elvis and Jerry Lee go toe to toe on a little R&B and a lot of gospel. It's like going to chapel inside a Seeburg...
...people who are becoming rich are the stock market players: Resorts International's stock soared from $20 a share in March to a recent high of $96½. The company has invested some of its new capital by purchasing the Seeburg line of slot machines and Atlantic City's famed Steel Pier. The shares of two other firms that plan to open casinos in Atlantic City are also rising fast: Bally Manufacturing Co., which makes slot and pinball machines, from a low earlier this year of $15 to $38 last week, and Caesars World, from...