In August, Filmed Entertainment, Inc., the parent company of Columbia House, filed for Chapter 11 bankruptcy, effecting ending its 50-year long subscription service that delivered large quantities of CDs and DVDs for as little as $1 dollar. Or, so we thought.
As The Wall Street Journal reports, the new owner of Columbia House intends to relaunch the service with a new emphasis on vinyl records. “You can see a yearning and an interest to try a new format,” said John Lippman, who purchased Columbia House for $1.5 million. He argued there are not enough platforms offering vinyl, adding, “For a category that is meaningful and growing rapidly, you don’t see a whole lot of choice.”
It’s worth noting that there are at least two vinyl delivery services already in existence, including Vinyl Me Please and VNYL. However, the recent death of Insound has opened up the door for another major vinyl retailer.
The exact offering of the new Columbia House remains to be seen, but we’ll keep you updated.
