Very hopeful MBL can find a sustainable way out. While not for everyone- they have a very unique and admirable product that I have enjoyed.
Why are they in this circumstance? who knows- but 50 team members sounds excessive and wages on the the P&L is a killer if cashflow is not there.
More broadly , the huge gateway manufacturers are all gone or reorganized when it comes to very entry level products to engage the masses: Matsushita, Sony, Pioneer. They missed the boat 40 years ago by not moving fast enough and still thought of TVs instead of monitors and totally missed the communications (cellphone) bandwagon to sustain themselves. If they were on track they could of been strong enough for the periphery . Instead, Samsung (now owns Harman - oy vey) , LG came on and displaced these heavy weights.
No one shops at malls or goes downtown to look through the window and dream - gratification is simple and immediate with the iphone or android.
So now you have dwindling interest in "hifi" and focus on much simpler , affordable and arguably useful hardware like the cellphone to supplant shelves of boxes to listen to music on. I mean with all due respect a full blown CH L10 is almost an ingot of aluminum on a shelf.
Traditional industry answer to sustainability-- more and more expensive boxes for fewer and fewer people that can afford them. The latest best for the this market is very fickle and there are many slices of flesh to pay for before it gets to the end user. It becomes a product of the month club to a very small audiences with levels and levels of distribution that makes it impossible for volume and as
@Elliot G. has stated above- communications and awareness is through closed channels like the traditional media and consumer trade shows where even Comicon has more awareness.
There always will be and uber hifi market - but I'm afraid it will be nothing like most of us grew up with.
Kodak anyone?