Insound, a long-running online vinyl and audio equipment retailer founded in 1998, has announced that it will close on Mar. 31.
After 16 years of slinging vinyl, we are sad to say that due to corporate cost-cutting measures, we'll be closing at the end of the month.
-- Insound (@Insound) March 19, 2015
"Insound as a brand was obviously very well-liked, but it was a pretty small company," says a music industry source. "Three people worked there. At the end of the day, it's a vinyl and merchandise retailer, and you can surmise from that that those small online destinations that sell music, they aren't lways commercially viable. It's an unfortunate thing."
He added, "It's one of those things those companies in a certain community brand recognition, but that doesn't mean people were buying a lot of products from it."
Shortly after Insound's tweet, Warner Music Group, which acquired the company in 2008, confirmed its closure to Billboard. WMG added that anyone who has purchased items via pre-order or otherwise will still receive their shipment.
Check out musicians' and others' reactions to the news on Twitter below.
-- Beverly (@WEAREBEVERLY) March 19, 2015
RIP @insound! my first job + the place where i tried really hard to be into Erase Errata and Enon
-- jaggga (@jaggga) March 19, 2015
Really sorry to hear that @Insound is shutting down. Great people and a great service to music fans for many years. You'll be missed.
-- Walk-In Records (@WalkInRecords) March 19, 2015
Sad to hear @Insound is closing. Vinyl is a tough business.
-- Hydra Head (@HydraHead) March 19, 2015