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Sony is to start making vinyl records again

Sony is to start making vinyl records again

The Associated Press reported in April that several hundred indie music retailers have opened in the U.S.in the past five years. The market has been growing over the last few years and is expected to generate $900 million in revenue in 2017, reports CNNMoney.

The format's current popularity has prompted Sony to restart its production line for the first time since 1989.

According to CNN, the legendary record label will start pressing vinyl records again for the first time in almost three decades.

In April this year a report showed that consumers seem to be finding a balance between classic records they want to re-visit on vinyl, and new releases that they listen to first on streaming services.

The company installed record-cutting equipment at a Tokyo recording studio in February, allowing them to produced masters from which vinyl records are created. If stored correctly, vinyl records could potentially last for centuries.

Sony and Panasonic both started selling analog record players again last year after previously giving up on them. It still hasn't yet decided which genres of music it will produce, according to the spokeswoman.

The company is searching for retired record engineers to advise its new record-making venture, according to Nikkei.

But vinyl has since been at the centre of one of the biggest global comebacks in recent memory, spearheaded by events such as Record Store Day and the nostalgic value the format has maintained. 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.

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