Sony said on June 29 that it will start making vinyl records again due to surging demand for a technology that the Japanese firm abandoned three decades ago. | Photo Credit: AFPmore-inThree decades after it abandoned vinyl production, Sony says it will restart making records on the back of surging demand for the retro music format. A factory south-west of Tokyo will be churning out freshly pressed records by March next year, Sony Music Entertainment said on Thursday. Japan's sole record maker Toyokasei is struggling to keep up with the resurgence in vinyl demand, the Nikkei newspaper reported. Global vinyl revenue will top $1.0 billion this year while sales of CDs and digital downloads continue to fall, according to estimates from consulting firm Deloitte.

Source: The Hindu June 29, 2017 10:52 UTC