CEDIA sells ownership of CEDIA trade show
CEDIA has revealed that it has sold ownership of its annual trade show to Emerald Expositions, a US-based trade show operator.
CEDIA states it will retain control and ownership of the educational programming following the sale, for an undisclosed price.
Vin Bruno, CEO at CEDIA, said: "CEDIA first and foremost serves its members, and as home technology continues to proliferate, our members need comprehensive tools, resources, and support to assert their position as the single point of contact for technology in the home. Emerald acquiring and consequently taking over the operational responsibilities of the show will allow CEDIA to reallocate staff to develop programs and initiatives that will drive member success across the board."
California-based Emerald Expositions host over 50 trade shows per year, with events ranging in focus from gifts, sports, jewellery and design and construction.
Last year’s ‘CEDIA’ (or CEDIA Expo) in Dallas drew 18,752 visitors from the residential industry, with approximately 18,700 visitors reported in 2015. Over 500 companies exhibited at the 2016 event, although absentees last year included Crestron.
The trade association says it will remain a big part of the event, and will work in collaboration with Emerald Expositions on various aspects of the expo in subsequent CEDIA shows, as Emerald focuses on its operation. The 28th edition of the event takes place at the San Diego Convention Centre from September 6 to 9, 2017.
David Loechner, president and CEO at Emerald Expositions, commented: “We are excited to add the CEDIA show to our portfolio. It is very successful with a rich history, which is a testament to the CEDIA organisation and its members."
He added: "I am confident that the combination of Emerald’s deep experience, professional capabilities, and unrivalled scale in operating trade shows, together with CEDIA’s clear vision, market affinity, and preeminent educational content will propel the show forward for the benefit of the entire industry.”
According to reports, an unsolicited offer was made following CEDIA 2016. The move is thought to have no effect on personnel at the association.
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