Chris
Black, joint-managing director at Sound Leisure, explained:
"the deal means that we can offer our customers the two best
products on the market today. Both companies are leaders in
the field with their respective products already, but you can't
remain at the top by standing still".
Cosmic CEO Terry Farr endorsed
this agreement: "to me the most important word is evolution
and whereas previously video products were disposable, both
our companies offer products that have an evolutionary dimension.
For example there are Merit machines that have been on the market
for years and are still taking good money thanks to software
updates. So it make sense to be aligning ourselves with someone
who also has digital products".
He added: "It's important to stress
we've only just started along this road of adventure.
What makes it even more exciting
is that this is just the start of the journey and we've made
a step in the right direction".
The announcement of the strategic
alliance has also been timed to coincide with both companies
unveiling new products to the market. Cosmic has just released
its lastest Megatouch system. The company has developed a sleek
new Bartop unit and stand, the Force Elite and the Foce Station
respectively. The Elite has proved very popular so far with
Bartop units now representing 20 per cent of Cosmic's market,
whereas previously the level was closer to five per cent. Farr
says that the stylish design of the set-up has allowed the company
to install the Megatouch product in locations that would not
usually consider having one.
Sound Leisure's new Music Online
is the most cost effective digital jukebox on the market. The
compact wall mounted unit, which is only 117mm deep, has been
designed to make good jukebox operating easy with the inclusion
of the Intelligent Music Management System (IMMS). The IMMS
analyses the type of music that is the most popular in its location
and downloads the most appropriate songs for that site off a
CD-ROM, cutting out the need for operator involvement. The jukebox
also uses Sound Leisure's simple touchscreen interface that
allows users to find the desired track easily.
Farr believes there is a natural
empathy between the two products and hopes to develop cross
products promotions to harness brand loyalty. He is extremely
enthusiastic about this premise and believes that in the future
it could be possible to have a smartcard for players that can
be inserted into the separate products which could then adapt
to that person's profile. For example, a Sound Leisure jukebox
could inform a person about their progress in a Megatournament,
while a Merit machine could inform a person if the jukebox has
got a new track by their favourite artist.
Farr sees the possibilities for
this to be limitless, especially as he is already using cross
promotion on the Merit products in many different ways. In fact,
he is actively inviting retailers to test what is on offer.
He said: "We want to invite the most forward thinking retailers
to challenge us. With the amoun of technology that we have available,
I want someone to give is a challenge". |