Information AboutK-tel |
| CATEGORIES ABOUT K-TEL | |
| canadian record labels | |
| companies based in manitoba | |
| companies based in winnipeg | |
| pop record labels | |
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K-tel International is an " As-Seen-On-TV " company, which is most noted for its compilation music albums, such as "The Super Hits" series, "The Dynamic Hits" series and "The Number One Hits" series. It is also known for "The Record Selector"," The Micro-Roast", "The Tote-a-Tune portable stereo", and many other products. HISTORY The company has been in business since the late 1960s and is based in Winnipeg, Manitoba . They also have subsidiaries or other controlled entities in the US, the UK and Germany. In the UK the company is known as "K-tel UK Limited". In the US and Canada it is known as "K-tel International". The founder of K-Tel was founder Ron Popeil such as the "Dial-o-matic," a type of food slicer that allowed the user to 'dial in' the thickness of slices produced, the Veg-o-matic , and the "Feather Touch Knife." The combination of inexpensive goods, mail-order distribution and a well-honed simple sales pitch were a hard combination to beat. Kives took his "Feather Touch Knife" on the road starting in August, 1965 and by Christmas had sold one million knives with a net profit of one dollar a knife. http://www.ktel.com/about.php In 1966, Kives released K-Tel's first Compilation Album , a collection of 25 Country songs. K-Tel was formally founded in 1968. After a very successful Bankruptcy protection. Annual Report of the U.S. Securities and Exchange Commission, p. 141 notes the K-Tel bankruptcy as one the Commission appeared in. http://sec.gov/about/annual_report/1985.pdf Mickey Elfenbein, Mr. Kives' nephew was appointed CEO of the publicly-traded US entity K-Tel International in 1993 K-Tel Annual Report 10-K for 1995 includes Mickey Elfenbein has served K-tel International, Inc. in various capacities since 1969. Elfenbein remained CEO of the company into the late 1990s , during which period the company achieved a strong resurgence in worldwide sales primarily of music-related products and had a successful NASDAQ IPO trading under the symbol KTEL. Elfenbein was recognized by Business Week Magazine in 1994 as the CEO of the 7th best publicly traded company in the country, based on growth and profitability. K-Tel were unable to sustain the growth and profitability. The comapny was taken private in a 1 to 5000 reverse split on July 18, 2007 "SEC: Amendment 4 to Schedule 13e-3" changing their symbol to KTLI and moving from the NASDAQ market to the over-the-counter market. The company earned significant revenues with a move into the music business, capitalizing on the business of releasing compilation albums that combined material from a number of popular artists -- "20 Original Hits! 20 Original Stars!" -- on a single theme album. The company could earn significant Revenue in this way, because they negotiated directly with artists and labels for the rights to reproduce their original recordings, in the process also securing a long-term asset through adding those recordings to their catalog. The company also created original records, the most notable of which were the "Hooked On..." series, starting with Hooked On Classics . In 1995 , the company released the "Club Mix" dance compilation series, which became the highest selling music series in the company's history, with several RIAA Gold and Platinum certifications.RIAA.com's "Gold and Platinum searchable database lists a Gold certification for Club Mix '96, '97, '98 and '99 and a Platinum certification for Club Mix '97 and '98 The Club Mix dance series was created and produced by Elfenbein's son, Mark Elfenbein, who was VP of A&R for the company throughout the 1990s . Today, K-Tel remains one of the most well-known brands associated with TV marketing and the Music Industry , and the work of the 1970s , 1980s and 1990s in amassing an extensive catalog that may turn out to be particularly shrewd. The company is hoping to leverage their significant back catalog in a digital rights and distribution offering that supplies content to large online music retailers such as ITunes , Puretracks and Amazon.com . TRIVIA
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