Within just 6 months after the initial introduction of the CD in 1982, 50% of the existing LP manufacturing plants in North America had closed their doors - and they had done so at a time when CD sales still made up only a small fraction of the remaining music media sales. More LP closures were to follow after that. Apparently the LP did not die because of "sales" actually, but because of a calculated decision to shut LP production down, having the effect of giving the masses no real alternative but to switch to CD's.
The unanswered question in my mind has been whether or not the early shut downs (in the face of the still rather large LP share of the market at the time) had become, in fact, largely contractual? Or was it simply a result of the industry "come-to-Jesus" meeting that undoubtedly would've occurred before and as the CD was being launched (and the LP manufacturers simply saw the writing on the wall and *voluntarily* closed their doors in the face of expectations of plummeting sales and mounting [internal] industry hype).
But, I am curious as to why so many LP makers caved as early as they did. Were they paid or compensated to close their doors when they did?...in order to facilitate a speedy changeover to CD that otherwise, were it left to be sales driven in a free market, might have dragged out longer than industry backers of CD might have been financially willing to accept?
Can I get a "kickback" here??
Might there be similar deals brewing behind closed doors now in respect to downloads or streaming? I'm thinking yes, but we'll see. Happy listening.