Amid 'vinyl revival,' 100-year-old turntable company relocates to Denver
From the Denver Business Journal (March 22, 2021) - Amidst a ‘vinyl revival’ across the U.S., a century-old player in the turntable industry has relocated its headquarters to the Mile High City in anticipation of continued growth.
For the first time in decades, vinyl sales surpassed CD sales in the first half of 2020, according to a report from the Recording Industry Association of America. Vinyl records accounted for $232.1 million of music sales in the first half of the year, compared to CDs, which brought in only $129.9 million.
Riding that wave, Victrola CEO Scott Hagen has moved the turntable company from its New York offices to a new Denver headquarters, with hiring in the future.