> In other words, a technology that is 70 years old—and in which labels have invested almost zero additional dollars—is priced as if it’s a hot new innovation requiring billions of dollars in startup capital.
Is there much legacy vinyl manufacturing capacity around? I'd have thought they'd need some capital to set up new factories. Although admittedly not billions of dollars.
Given the article says only 50% of vinyl buyers even have record players, this ain't exactly a business on stable foundations IMHO.