VSDA, NARM Merger Talks Dropped18 Nov, 2004 By: Hive News
Merger talks between the The National Association of Recording Merchandisers (NARM) and the Video Software Dealers Association (VSDA) have been put on “indefinite suspension” according to a joint announcement by the two groups.
“Both associations did an incredible amount of work and due diligence over the past seven months to explore the many opportunities and challenges that might result from brining our two groups together,” said NARM board chairman Glen Ward. “The NARM board was unanimous in its decision that, at this time, a merger was not in the best interest of NARM's members. Our relationship with VSDA is very important to us and has great value. That will not change.”
“VSDA is disappointed that the NARM board of directors has decided to suspend further discussions on a optional merger of the two organizations,” said VSDA board chairman Bob Geistman. “VSDA believes that a merger would generate tremendous strategic benefits for both organization and their respective members. However, we accept the decision of the NARM board and although we will not be considering a merger, our relationship with NARM will remain significant and strong.”
Prospects for the merger dimmed recently when the NARM board voted not to join with the VSDA in merging the two associations' trade shows into one.
The two groups said they will continue to work together in “strategic alliances” where appropriate, including the NARM/VSDA Operations Committee and as members of the Coalition of Entertainment Retail Trade Associations (CERTA).