GZ Media explained

Location:Czech Republic
Founded:1951

GZ Media, named for the Czech Gramofonové Závody, which translates to Gramophone Record Factory, employs nearly 2,000 people,[1] and runs its major operations in Loděnice[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]

Notes and References

  1. Web site: Can a vinyl comeback sustain two players in the Canadian market?. Financial Post. Mary Teresa Bitti. 14 July 2016.
  2. Web site: Putting a Czech Spin on Vinyl. www.bloomberg.com.
  3. Web site: The vinyl comeback - All media content - DW - 09.05.2016. 2017-05-26. 2017-08-02. https://web.archive.org/web/20170802211441/http://www.dw.com/en/the-vinyl-comeback/av-19244160. dead.
  4. Web site: Back to black: Vinyl discs enjoy renaissance. Financial Times.
  5. Web site: Czech firm hits right tune with vinyl records in fashion. 19 August 2013. Reuters. Jana Mlcochova.
  6. Web site: The home of vinyl records is... the Czech Republic. Lidz-Ama Appiah and Francesca Street. 16 September 2016. CNNMoney.
  7. Web site: Czechs the spin kingpins in global LP revival. 11 February 2015.
  8. Web site: Czech Company, Pressing Hits for Years on Vinyl, Finds It Has Become One. Rick. Lyman.
  9. Web site: About GZ. GZ Media. 2017-06-28.
  10. Web site: CEO Talk: Zdenek Pelc, GZ Media. Lan Anh. Vu. 25 March 2016.
  11. Web site: Hunger for vinyl means a chronic shortage of pressing machines. The Economist. 18 May 2017.
  12. Web site: In the groove: Czech firm tops list of world's vinyl record producers. Robert. Tait. 18 August 2016. The Guardian.
  13. Web site: Record Store Day: This is what happens inside a vinyl factory. BBC Newsbeat. Steve. Holden. 15 April 2016.

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