hatfieldpdx
Well-Known Member
That figure seems high given multi-month subscriptions, not to mention all of the promotions they ran for most of last year.
Vinyl Me Please (store, exclusives, swaps, etc)
- Thread starter Captainfog
- Start date
NewsFedora
Well-Known Member
I wouldn't be surprised if the number has shrunk in the last couple of years just because of price increases. But they could still be making more money with the price hikes to negate any lost subscriber base.
YoHabloEspanol
Well-Known Member
I need this sticker now. Someone send me the pdf.
duke86fan
Well-Known Member
i did hear about that move on linkedin and i assumed that was because they were the same company and was moving... looks like it was a sign of things to come
NewsFedora
Well-Known Member
It's been publicized that it was going to be a VMP pressing plant for literally years. The board only just noticed it a few months ago?!
Like you say, the lawsuit on its own is nonsensical and full of contradictions that make the VMP board look like idiots. Assuming Cam has good legal representation, I am very curious to see his response to this lawsuit.
Ginormousthumbs
Go on, geezer.
I wonder what their numbers were before prices jumped to $50.
highqualityrecords
Active Member
Literally yesterday. I was filmed without being asked first. Don’t really wanna get into it as it was pretty frustrating.
avecigrec
Well-Known Member
And terrible!
avecigrec
Well-Known Member
Oh, ABSOLUTELY FUCK THAT!!!
jamieanderson1968
ninniest jackaninny
Yup when a board has the option of either looking like they are negligent on their fiduciary duties or incompetent boobs, thats when the lawsuits come out
MikeH
Well-Known Member
From another poster:
“What they said is there is no parent company to both the plant and VMP, so the plant is not wholly owned by VMP. It is still not clear whether VMP and the Plant have common investors or if VMP itself has an ownership interest in the plant.”
It’ll be interesting to see more as it comes out. Seems like the board vote could have been to invest in the plant and let Cam and co run it while remaining as csuite at VMP…
“What they said is there is no parent company to both the plant and VMP, so the plant is not wholly owned by VMP. It is still not clear whether VMP and the Plant have common investors or if VMP itself has an ownership interest in the plant.”
It’ll be interesting to see more as it comes out. Seems like the board vote could have been to invest in the plant and let Cam and co run it while remaining as csuite at VMP…
MikeH
Well-Known Member
Yea it’s definitely high. But also doesn’t include store purchases, add-ons, anthologies, etc. it wouldn’t shock me if they clear that in gross sales.
The weird thing to me is how they can manage their cash flow. Especially with all the sales that probably caused a big increase in year long subs for people who are probably unlikely to resubscribe at the full price.
Yer Ol' Uncle D
Well-Known Member
Storf in court...
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Yer Ol' Uncle D
Well-Known Member
That was purely for entertainment purposes.
