mbriant
Headphoneus Supremus
- Joined
- Jun 21, 2001
- Posts
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Quote:
I can't help but think that now the fear of God has been put into those who prefer analog tape, Quantegy will somehow re-emerge from the ashes and will be viable because they will be able to charge much more for their now acknowledged rare niche product. Everyone will simply have to accept a sudden large price increase....something that wouldn't have flown had not the scare of no supply at all been put into everyone.
Quantegy filed for Chapter 11 bankruptcy protection on Monday and hopes a restructuring will eventually revive its operations. But its future is uncertain, inasmuch as demand also is dwindling for its videotape. The news has set off a frantic scramble in the music industry as producers and studios seek to secure as much Quantegy tape as possible. By the middle of last week, most suppliers around the country had sold out their entire stocks of reel-to-reel audio tape. |
I can't help but think that now the fear of God has been put into those who prefer analog tape, Quantegy will somehow re-emerge from the ashes and will be viable because they will be able to charge much more for their now acknowledged rare niche product. Everyone will simply have to accept a sudden large price increase....something that wouldn't have flown had not the scare of no supply at all been put into everyone.