Thursday, November 23, 2017
ADVT 
Tech

Sony To Go Retro With Vinyl Comeback

IANS, 01 Jul, 2017
  • Sony To Go Retro With Vinyl Comeback
 
Sony, one of the world's largest record labels, is going back to its vinyl days.
 
 
According to CNN, Sony Music Entertainment said this week it will begin pressing vinyl records again, ending an almost three-decade hiatus.
 
 
A spokesperson from the label said that this move is taken to cater the "dramatic increase" in demand for vinyl music in recent years, adding, interest is coming from younger customers, who have never used records before as well as older fans.
 
 
Sony ended production of vinyl in 1989 after CDs cornered the market.
 
 
Consulting firm Deloitte forecasts the vinyl music industry will post double-digit growth in 2017 for the seventh year in a row, selling 40 million new discs and generating as much as 900 million dollars in revenue.
 
 
Vinyl could account for up to 18 percent of all physical music revenue this year, which is likely to top five billion dollars, Deloitte said in a recent report. Turntables and other vinyl-related accessories are also benefiting as a result.
 
 
Sony said it will resume vinyl production by March next year in a factory southwest of Tokyo that's run by one of its subsidiaries. It still hasn't yet decided which genres of music it will produce, according to the spokesperson.
 
 

MORE Tech ARTICLES

Google Warns Of Email Scam That Impersonates Google Docs

Google Warns Of Email Scam That Impersonates Google Docs

Google said it shut down an email spam campaign that impersonated its online file service, Google Docs.

Google Warns Of Email Scam That Impersonates Google Docs

Facebook To Hire 3,000 To Review Videos Of Crime And Suicide

Facebook To Hire 3,000 To Review Videos Of Crime And Suicide

NEW YORK — Facebook plans to hire another 3,000 people to review videos and other posts after getting criticized for not responding quickly enough to murders shown live on its service.

Facebook To Hire 3,000 To Review Videos Of Crime And Suicide

Italian Court Finds Link Between Cellphone Use And Tumour

Italian Court Finds Link Between Cellphone Use And Tumour

MILAN — A longtime Telecom Italia employee has been awarded monthly social security payments after a court found that his brain tumour was caused by improper use of a company-issued cellphone.

Italian Court Finds Link Between Cellphone Use And Tumour

Facebook Is for 'Everyone', Says CEO Zuckerberg in Jab at Snapchat

Facebook Is for 'Everyone', Says CEO Zuckerberg in Jab at Snapchat

Facebook does innovation to serve "everyone" in the community and not just the "high end", its CEO Mark Zuckerberg has said in an apparent swipe at Snapchat boss' reported "poor countries" remark that triggered a controversy in India.

Facebook Is for 'Everyone', Says CEO Zuckerberg in Jab at Snapchat