GZ Media

GZ Media, named for the Czech Gramofonové Závody, which translates to Gramophone Record Factory, employees nearly 2,000 people,[2] and runs its major operations in Loděnice[3] in the Czech Republic.[4][5] GZ Media is known as the world's largest vinyl manufacturer. Since its founding in 1951,[6] it has supplied records across the Eastern Bloc.[7]

GZ Media
Industrymusic industry 
Founded1951
HeadquartersCzech Republic
Revenue2,699,502,000 Czech koruna[1] (2018) 
407,911,000 Czech koruna[1] (2018) 
467,895,000 Czech koruna[1] (2018) 
Total assets2,590,465,000 Czech koruna[1] (31 December 2018) 
Number of employees
1,168[1] (2018) 
Websitewww.gzmedia.com/ 

Winslow Partners, a U.S. Private Equity Fund, briefly acquired GZ Media in 1998, only to sell it a few years later.[8] Current GZ Media owner and president Zdenek Pelc[9][10] is the longest reigning CEO in the history of the Czech Republic.[11]

Supported by American investments, GZ Media has developed into a modern business enterprise, accounting for approximately 60% of total vinyl records produced globally.[12] According to The Guardian, GZ Media was valued at £76 million ($100 million) in 2016 and was forecast to press just over 25 million records a year.[13] In 2015 it produced about 65,000 records per day.[14]

References
  1. https://or.justice.cz/ias/ui/vypis-sl-detail?dokument=57641501&subjektId=78453&spis=81517.
  2. Mary Teresa Bitti (14 July 2016). "Can a vinyl comeback sustain two players in the Canadian market?". Financial Post.
  3. "Putting a Czech Spin on Vinyl" – via www.bloomberg.com.
  4. "The vinyl comeback - All media content - DW - 09.05.2016".
  5. "Back to black: Vinyl discs enjoy renaissance". Financial Times.
  6. Jana Mlcochova (19 August 2013). "Czech firm hits right tune with vinyl records in fashion". Reuters.
  7. Street, Lidz-Ama Appiah and Francesca (16 September 2016). "The home of vinyl records is... the Czech Republic". CNNMoney.
  8. "Czechs the spin kingpins in global LP revival". 11 February 2015.
  9. Lyman, Rick. "Czech Company, Pressing Hits for Years on Vinyl, Finds It Has Become One".
  10. s.r.o., Neuman Company. "About GZ | GZ Media". www.gzmedia.com. Retrieved 2017-06-28.
  11. Vu, Lan Anh (25 March 2016). "CEO Talk: Zdenek Pelc, GZ Media".
  12. "Hunger for vinyl means a chronic shortage of pressing machines". The Economist. 18 May 2017.
  13. Tait, Robert (18 August 2016). "In the groove: Czech firm tops list of world's vinyl record producers" – via The Guardian.
  14. Holden, Steve (15 April 2016). "Record Store Day: This is what happens inside a vinyl factory - BBC Newsbeat".
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