Tag: vinyl disc

Why Sony Music To Resume Vinyl Record Production

Why Sony Music To Resume Vinyl Record Production

Business, Music
The old-fashioned black plastic records are back into fashion. Its demand is increasing and amid such potential market Sony has announced to offer those to music lovers. The company said would be releasing own vinyl again for the first time since it was completely stopped in 1989. Sony Music added the in-house domestic vinyl production will be resumed at its Japanese factory in capital Tokyo by March next year. After the rise of CDs, digital downloads and streaming the popularity of vinyl records degraded and finally disappeared. After the downfall of vinyl demand in the late 1980s many factories stopped production and shut down their units, but in 2017 the global revenue from it is expected to hit $1 billion. Lately younger music lovers have rediscovered the vinyl reco...