The cassette tape industry's growth has hit a snag due to material shortages

In context: Traditional cassette tape sales have been steadily growing over the past few years. Cassette shipments increased from 74,000 in 2015 to 126,000 in 2016; a 74 percent boost. Sales climbed again to 174,000 in 2017, and then to 219,000 in 2018. This resurgence is largely due to the success of cassette-based movie soundtracks, such as Guardians of the Galaxy’s “Awesome Mix.”

Unfortunately for the comparatively small (but growing) group of people that still buy these tapes for one reason or another, production has hit a bit of a snag. According to a report from Pitchfork, the National Audio Company — one of the biggest tape makers in the United States — has been unable to meet customer demand due to a lack of materials; “gamma ferric oxide,” specifically.

The outlet says that the only factory that still refines this material (we don’t know the name of the factory) has been “under renovation” for the better part of 2019. Without those materials, the National Audio Company has struggled to fill orders.

For end-users, the situation might not be too noticeable for now. Several popular online storefronts still seem to have a stockpile of cassette tapes — blank and containing content — available for purchase (though the numbers are dwindling and pricing varies).

The cassette tape industry's growth has hit a snag due to material shortages 1

Coinbase 3

However, for the National Audio Company, the dilemma is undoubtedly a frustrating one. Existing stock may not have dissipated just yet, but new orders from corporate partners are likely coming in as fast as ever; especially with the Stranger Things Season 3 soundtrack arriving on the format. Other cassette tape makers are probably not faring much better.

With all of that said, cassette collectors and the National Audio Company itself shouldn’t be too worried. Gamma ferric oxide production should resume again in the next few months, which is when the previously-mentioned factory is expected to finish its renovations.

Image credit: Shutterstock, Disney Music Emporium

The cassette tape industry's growth has hit a snag due to material shortages 2
blank
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

blank

E-Crypto News Executive Interviews


blank

bitcoin
Bitcoin (BTC) $ 39,910.00
ethereum
Ethereum (ETH) $ 2,292.79
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 311.84
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.716406
usd-coin
USD Coin (USDC) $ 0.999317
dogecoin
Dogecoin (DOGE) $ 0.207454
polkadot
Polkadot (DOT) $ 14.47
binance-usd
Binance USD (BUSD) $ 0.999277
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 39,910.00
ethereumEthereum (ETH)
$ 2,292.79
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 509.15
litecoinLitecoin (LTC)
$ 138.97
bitcoinBitcoin (BTC)
33.828,71
ethereumEthereum (ETH)
1.943,43
tetherTether (USDT)
0,847625
bitcoin-cashBitcoin Cash (BCH)
431,57
litecoinLitecoin (LTC)
117,79
bitcoinBitcoin (BTC)
28,932.75
ethereumEthereum (ETH)
1,662.16
tetherTether (USDT)
0.724950
bitcoin-cashBitcoin Cash (BCH)
369.11
litecoinLitecoin (LTC)
100.75

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
blank
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020

Blockchain/Cryptocurrency Questions and Answers

Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021
blank
What Is Plethori Platform And How Does It Work?
June 12, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin39,885 0.08 % 1.80 % 23.16 %
Ethereum2,291.8 0.15 % 0.07 % 14.37 %
Tether1.000 0.39 % 0.44 % 0.11 %
Binance Coin311.74 0.50 % 0.48 % 6.09 %
Cardano1.280 0.08 % 0.69 % 8.76 %
XRP0.7157 1.01 % 11.67 % 24.75 %
USD Coin0.9991 0.15 % 0.37 % 0.85 %
Dogecoin0.2074 0.54 % 1.78 % 8.25 %
Polkadot14.46 0.13 % 1.63 % 16.62 %
Binance USD0.9990 0.12 % 0.39 % 0.83 %

bitcoin
Bitcoin (BTC) $ 40,113.00
ethereum
Ethereum (ETH) $ 2,301.90
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 314.63
cardano
Cardano (ADA) $ 1.28
xrp
XRP (XRP) $ 0.710650
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.208663
polkadot
Polkadot (DOT) $ 14.93
binance-usd
Binance USD (BUSD) $ 1.00