Author Topic: Stern Production Discussion  (Read 3079 times)

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Offline pinsanity

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Re: Stern Production Discussion
« Reply #15 on: March 14, 2016, 09:29:57 PM »
I once had the pleasure of meeting Gary.  While it didn't feel like a pilgrimage, it certainly did feel like meeting a celebrity, or a rock star.  Anyone in their right mind would have shutdown their pinball production in 2008.  Thank God he chose to push through that low.  Rock on Gary.
correct me if I'm wrong, but wasn't there a bit of a bail out around then? Backers coming in? I'm hoping with the smaller production runs, high prices that Stern aren't really just trying to max profits until someone decides to retire and close it down. Happened to me.

Yes, Hagerty Peterson a capital investment firm did a bailout.

The word is that a significant stake in the company was part of the conditions for the financial aid, hence the change in production values to maximise short term revenue.