Sony to make vinyl records again after 30-year hiatus

Colored vinyl records. 
Chris J Ratcliffe  Getty Images

The Japanese company stopped making vinyl records in 1989 when CDs took over as the preferred format, before the invention of mp3 and streaming services.

The company stopped producing vinyl records almost 30 years ago to focus primarily on CDs, but given that vinyl sales reportedly reached a 25-year high last year, it makes sense that Sony would consider reproducing the old music format.

The move has been made by Sony Music Entertainment Japan (SMEJ) in Tokyo, which operates independently of its New York-based sister company. Although the records will mostly be sold in Japan, the decision is indicative of vinyl's stunning return to prominence.

In April official figures revealed that more than 3.2 million LPs were sold a year ago in the United Kingdom - driving revenues from vinyl up by two thirds.

National median home sales price hit record highs, NAR reports
Existing-home sales totaled 5.62 million, a 1.1 percent increase from April and a 2.7 percent increase from one year prior. Statewide median sales price for May 2017 was $285,000, 2.9 percent higher than the median price last May ($277,000).

Nearly 200 million records a year were produced in Japan in the mid-1970s, according to the country's recording industry association.

Global vinyl revenue will top $1 billion (around 875,000 euros) this year while sales of CDs and digital downloads continue to fall, according to estimates from the consulting firm Deloitte. They'll include classic Japanese pop albums, as well as contemporary chart-toppers.

Vinyl has definitely made a comeback, but Sony says that it's now struggling to find engineers who know how to make it.

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