We're starting to see some consolidation in the headphone market, with Incipio picking up Skullcandy for $177 million and HoMedics quietly buying Sol Republic. Now, musical-instrument maker Roland is acquiring a 70 percent stake in V-Moda, maker of the Crossfade M-100 and other popular headphones.
Val Kolton, a former DJ who founded V-Moda 12 years ago, will remain V-Moda's CEO and retain the remaining 30 percent of the company. (The exact financial details and terms of the agreement were otherwise not disclosed.)
"This is a partnership," Kolton told CNET. "Roland's engineers are going to help us develop new products more quickly. We just didn't have those kind of resources before."
Kolton added that some of those new products will hit the market in the coming months.
"I can't say what they are yet," he said. "But there will be more headphones. And we'll be getting into some other categories. But we're going to do them a little differently. It's going to be interesting. I can promise you that."
Editors' note (3:24 p.m. PT): This story has been updated to correctly the new ownership split of V-Moda between Roland and CEO Val Kolton.