SONY GETTING BACK INTO THE VINYL BUSINESS

Jun 30, 2017

By Andy Johnson

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30-years after abandoning vinyl production, Sony says it will start making records again on the back of a surging demand for the retro music format.

Vinyl has been making a global comeback as it attracts not only nostalgic older consumers but also younger generations.
By next Spring, Sony plans to churn out freshly pressed records at a factory southwest of Tokyo.  The problem is – they’re having trouble finding engineers familiar with how to make vinyl records.
Consulting firm Deloitte estimates global vinyl revenue will top $1 billion this year while sales of CDs and digital downloads continue to fall.
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