The bankruptcy filing and plant closing of Quantegy, the last supplier of pro quality open reel recording tape, made the front page of the Wall Street Journal today (1/12).
Interviewed and quoted folks include Steve Albini (who's been stockpiling), Jeff Tweedy of Wilco, analog guru Walter Sear. Frantic buying of remaining stock has jacked prices through the roof.
Apparently Quantegy's audio tape business has been profitable but losses in the video tape business caused a cash crunch that made them close their doors.
Should be interesting to see if this spurs improvements in overseas sources (China) as it did with vacuum tubes.
Interviewed and quoted folks include Steve Albini (who's been stockpiling), Jeff Tweedy of Wilco, analog guru Walter Sear. Frantic buying of remaining stock has jacked prices through the roof.
Apparently Quantegy's audio tape business has been profitable but losses in the video tape business caused a cash crunch that made them close their doors.
Should be interesting to see if this spurs improvements in overseas sources (China) as it did with vacuum tubes.
