Sony Back in Vinyl Business

PaulRubens - June 30, 2017 - 11:10 AM

Sony Back in Vinyl Business

Sony is to start making vinyl records again after a thirty-year break with the format.

(CCM) — Sony Music is about to plunge itself back into the thick of the vinyl record manufacturing business, some thirty years after it abandoned the music format, according to an NRP report. The company has announced that it setting up record-cutting machines in a site in Tokyo, and it is getting advice from some of its older sound engineers on how to make the best vinyl recordings, the report says.

The move is an ironic one, because it was Sony that invented the Walkman and co-developed the compact disc — two technologies which rendered the vinyl record obsolete. But vinyl sales began to pick up about ten years ago, and double-digit growth in demand since then has resulted in a global manufacturing capacity shortfall. Once Sony's vinyl pressing capabilities are operational the company may consider making records for third parties, the report says.

Sales of music, CDs and downloads, from services such as Apple's iTunes have been adversely affected by the rise of streaming audio services such as Spotify and Apple Music, but teenagers are increasingly looking to own vinyl versions of their favorite songs, Michinori Mizuno, Sony Music Japan's chief executive, told Japan's Nikkei newspaper. "A lot of young people buy songs that they hear and love on streaming services," he said.

In 2016, sales of vinyl records accounted for about 3.6% of total global music revenues.

Image: © 360b - Shutterstock.com

Add comment

Comments

Leave a comment