The production of cassette tapes has temporarily been delayed due to a global shortage of the materials used to make them.
Despite being technologically outdated, a report earlier this year revealed that a cassette tape resurgence was taking place as nearly 35,000 cassette tapes were sold for the first half of 2019.
In contrast, around 18,000 tapes had been sold by the same point in 2018.
However, while the growing demand has been great for business it has also resulted in production delays due to a shortage of gamma ferric oxide, a material used in magnetic recording tape.
Production can expect to resume later in the year. “THERE IS GOOD NEWS!” the NAC revealed. “We have been notified that NAC will receive at least eleven tons of oxide in October.”
Meanwhile, Vinyl is set to outsell CDs for the first time since 1986, a new report reveals.
The revelation comes in a mid-year report from the Recording Industry Association of America. Last year’s RIAA report revealed that CD sales are dying three times as fast as vinyl sales are growing, and it’s more of the same in this year’s.
