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  1. #1
    Administrator Tracy Rainwater's Avatar
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    Sep 2003
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    17,948


    Kaleidescape is Back in Business



    Just a few weeks ago, news of Kaleidescape closing it's doors hit the AV news outlets. What started off as a rumor was confirmed by the company and owners of their products were not happy, to say the least.

    Today, I read a press release from the company's CEO Cheena Srinivasan about a new investor and their plans to move forward.

    From HomeTheaterReview:


    Dear Kaleidescape Stakeholder,

    On August 19, Kaleidescape temporarily ceased operations because we ran out of money. As the news spread, we were overwhelmed by the outpouring of support from our shareholders, employees, suppliers, other luxury A/V component manufacturers, the major motion picture studios, distributors, dealers, and (most importantly) our customers. Our customers passionately communicated their desire for us to continue providing the very best platform for movie playback.

    Our team at Kaleidescape became energized and inspired to continue this journey. We spent the past 16 years carefully building a valuable technology, excellent products, and a highly respected brand in the worldwide custom channel. Our customers and dealers told us that Kaleidescape is the only luxury movie experience for the home, and they do not want to go back to watching movies from discs and streaming services.

    We are delighted to announce that we have restarted operations. We restructured the company, slashed expenses, and obtained the investment needed (with no change of control). We are manufacturing and shipping a significant backlog of products that were ordered during the past two weeks. We are confident that our restructuring combined with this new investment will enable Kaleidescape to quickly return to growth and profitability.

    Kaleidescape's stumble began last October when we launched the Kaleidescape Strato movie player. We made the mistake of pre-announcing software features that were not finished. One of those features--Blu-ray disc support for the Strato player--was a monstrous project that required certain critical software components from third-party suppliers. When third-party schedules slipped, we applied more of our own engineering resources to compensate, but we simply did not have enough engineering resources to remove schedule uncertainty and finish Strato's Blu-ray disc support in a reasonable period of time. Because almost all of our engineering resources were focused on this Blu-ray project, other features we had promised for Strato were delayed, including HDR, Terra support for large numbers of players, DVD playback, and playback from a Premiere system. Strato is an amazing award-winning product, even without these additional software features. Unfortunately, we created the perception that Strato was an unfinished product, and our sales suffered accordingly.

    The "new Kaleidescape" will take on fewer projects, and we will not pre-announce a product or feature until it is completed--especially if completion depends on a third party.

    Kaleidescape will continue to sell and support both Premiere and Encore products. We expect to release kOS 7.3 in the near future, without Blu-ray disc support for Strato. It will include HDR playback, Terra support for large numbers of players, and Strato playback of DVD discs from a Disc Server. A number of HDR movies will become available in the movie store at that time.

    We have decided to focus our precious development efforts on forward-looking technologies that will enable our movie store to offer even more titles, with even higher quality, in earlier release windows. To enable our engineers to focus on these exciting new technologies, we have re-prioritized Blu-ray disc support for Strato, which we hope to introduce in a 2017 release of kOS.
    We wish to thank all those who have shown us their support, and helped us to achieve this positive outcome.
    Sincerely,

    Cheena Srinivasan, CEO
    Kaleidescape, Inc.
    Thoughts?

  2. #2
    Senior Member TrippleJ's Avatar
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    Aug 2002
    Location
    Houston
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    6,693


    let's see how long they last this time.
    Main:
    Samsung UN75F8000 LED TV, NAD T-777 (7.2 Receiver), Oppo 103 Blu Ray Player, Sony PS4 Gaming Console, Panamax MR-5100 Surge Protection, 7 Paradigm Reference series 8" in ceiling speakers (AMS-150R) - 30 degree tilting speakers, 2 Paradigm SE Subs. Pictures here.

  3. #3
    Owner-Publisher Jerry Del Colliano's Avatar
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    Jan 2010
    Location
    West Los Angeles, California
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    5,769


    THANK GOD.

    My M-500 Blu-ray vault crapped out about a week before this all went down.

    They've since sent me a brand new one with a confirmed shipping tracker. K-scape is REALLY STRONG on customer service. Right now, I can't rip discs OR playback my Blu-rays which pretty much sucks. My installer will have to take the player apart and get my discs out and then re-load them into the new machine. That's no small task as there's a TON of little screws and it takes a good hour or so to do. I need it however.

  4. #4
    Administrator Tracy Rainwater's Avatar
    Join Date
    Sep 2003
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    17,948


    Quote Originally Posted by Jerry Del Colliano View Post
    THANK GOD.

    My M-500 Blu-ray vault crapped out about a week before this all went down.

    They've since sent me a brand new one with a confirmed shipping tracker. K-scape is REALLY STRONG on customer service. Right now, I can't rip discs OR playback my Blu-rays which pretty much sucks. My installer will have to take the player apart and get my discs out and then re-load them into the new machine. That's no small task as there's a TON of little screws and it takes a good hour or so to do. I need it however.
    This is great news for K-Scape owners, for sure.

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