PRAGUE — Housebound music lovers starved of live shows during the pandemic got their groove on with vinyl records instead, fuelling a buying boom that drove the world’s biggest LP maker to its best-ever annual sales and profit.
GZ media, which presses records ranging from global superstar Lady Gaga to independent punk band Cock Sparrer saw sales jump 11% to 4 billion crowns ($187 million) and shipped 38 million LPs in 2020, said Chief Executive Michal Sterba.
“It was a record year,” he told Reuters on a tour of the company’s factory some 20 kms (12.4 miles) outside Prague where GZ media has pressed albums since 1951. He expects revenue to soar to 4.7 billion crowns in 2021.
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Keep on reading: Pandemic blues fuel record sales for Czech vinyl maker