It's a big week for vinyl as this year's Record Store Day features nearly 400 new releases set to come out in time for the event on April 20 with artists ranging from current headliners such as Olivia Rodrigo to reissues and live recordings with musicians such as David Bowie and the Beatles.
With limited copies, in-store exclusives and an increasing number of artists — or artists' estates — getting involved, it promises to be "the most potentially wallet-emptying lineup in years," as the magazine Variety puts it.
The growth of vinyl records doesn't necessarily guarantee business growth for record makers, however.
Ireland's only vinyl pressing company, Pressing Matters Ltd., which did business as Dublin Vinyl, has been forced to close, cutting 20 jobs.
Ireland's High Court approved the closure earlier this month. The company had seen success in its eight years in business, pressing vinyl for artists including Taylor Swift. But Irish broadcaster RTE reports that the company told the court it "sustained significant losses in 2022 and 2023" due to the pandemic, disruptions from the war in Ukraine, the loss of a major contract and "the failure of record pressing machines it had ordered to arrive on time."
The name of the machine builder was not disclosed, although in a 2019 interview with DublinLive.ie, Dublin Vinyl officials said they began the business after hearing about new machinery being produced by a company in Toronto.