Vinyl has undergone one hell of a renaissance. In 2006, the format was effectively dead. But since then? Vinyl records have experienced year-on-year growth, with the US alone clocking 41.7m units sold in 2021, a 45-fold increase from 16 years ago. While in Germany, sales went from 0.3m in 2006, to 4.5m last year. Those numbers are somewhat misleading though — and their exuberance hides a darker story. Vinyl sales are strong, but the industry itself is at breaking point. From rising costs to a huge printing backlog, from mainstream label dominance to environmental concerns, and from material shortages to…

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