The legendary record man didn't want to leave the label he co-founded. He also predicted a major issue with the new-fangled format that supplanted vinyl.
The first sale unloaded roughly 20% to 25% of the Yeezy sneakers that were left stacked up in warehouses.
Consumption of British music increased in every region last year, says BPI.
Trapp is also the CEO of specialty retailer EMP, acquired by WMG in 2018.
RSD helped drive a modern-era record of 1.426 million vinyl albums sold in the U.S. at independent shops during the week ending April 27.
The RSD-special double album was the highlight of this year's event, as fans scrambled to obtain one of the set's 75,000 copies.
Watch a panel of experts wax on about vinyl's supercharged growth and whether recent newbies will stick around.
The group -- which pressed 900,000-plus pieces of vinyl in 2022 alone -- is acquiring most of Furnace Record Pressing in Virginia.
The average number of paid subscriptions reached 92 million, helping buoy the industry to a seventh straight year of growth.
After the SPAC market collapsed, Alliance's merger with Adara Acquisition Corp. failed to draw the level of new funding the company had counted on.
