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

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