GZ Media

GZ Media
Founded 1951
Headquarters Czech Republic
Website www.gzmedia.com/ Edit this on Wikidata

GZ Media, named for the Czech, Gramofonové Závody which translates to Gramophone Record Factory, employees nearly 2,000 people,[1] and runs its major operations in Lodenice[2] in the Czech Republic.[3][4] GZ Media is known as the world's largest vinyl manufacturer. Since its founding in 1951,[5] it has supplied records across the Eastern Bloc.[6]

Winslow Partners, a U.S. Private Equity Fund, briefly acquired GZ Media in 1998, only to sell it a few years later.[7] Current GZ Media owner and president Zdenek Pelc[8][9] is the longest reigning CEO in the history of the Czech Republic.[10]

Supported by American investments, GZ Media has developed into a modern business enterprise, accounting for approximately 60% of total vinyl records produced globally.[11] According to The Guardian, GZ Media was valued at £76 million ($100 million) in 2016 and was forecast to press just over 25 million records a year.[12] In 2015 it produced about 65,000 records per day.[13]

References

  1. ↑ "Can a vinyl comeback sustain two players in the Canadian market?".
  2. ↑ "Putting a Czech Spin on Vinyl" – via www.bloomberg.com.
  3. ↑ "The vinyl comeback - All media content - DW - 09.05.2016".
  4. ↑ "Back to black: Vinyl discs enjoy renaissance". Financial Times.
  5. ↑ "Czech firm hits right tune with vinyl records in fashion". 19 August 2013.
  6. ↑ Street, Lidz-Ama Appiah and Francesca (16 September 2016). "The home of vinyl records is... the Czech Republic". CNNMoney.
  7. ↑ "Czechs the spin kingpins in global LP revival". 11 February 2015.
  8. ↑ Lyman, Rick. "Czech Company, Pressing Hits for Years on Vinyl, Finds It Has Become One".
  9. ↑ s.r.o., Neuman Company. "About GZ | GZ Media". www.gzmedia.com. Retrieved 2017-06-28.
  10. ↑ Vu, Lan Anh (25 March 2016). "CEO Talk: Zdenek Pelc, GZ Media".
  11. ↑ "Hunger for vinyl means a chronic shortage of pressing machines". The Economist.
  12. ↑ Tait, Robert (18 August 2016). "In the groove: Czech firm tops list of world's vinyl record producers" – via The Guardian.
  13. ↑ Holden, Steve (15 April 2016). "Record Store Day: This is what happens inside a vinyl factory - BBC Newsbeat".
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