Photo Credit: Konstantinos Hasandras
Denver-based record club Vinyl Me, Please (VMP) has entered liquidation, leaving lots of vinyl fans in limbo. The boutique record subscription club was founded in 2012—but months of customer complaints about not receiving their orders have blossomed into a full-on bankruptcy proceeding.
The company’s financial troubles reportedly accelerated after a failed attempt to build its own pressing plant, which included the controversial firing of three senior staff members in March 2024. Allegations surfaced that these staffers attempted to diver company funds towards the pressing plant, destabilizing VMP’s finances and operations.
Vinyl Me, Please has sent out an email to subscribers letting them know about the liquidation. “As a customer and creditor of Vinyl Me, Please, we wanted to let you know that on April 4, 2025, [VMP] commenced an Assignment for the Benefit of Creditors (ABC),” the email begins.
“The ABC process is led by an independent fiduciary who is referred to as the Assignee. The Assignee has undertaken a process involving the sale of business. We expect that at the conclusion of the sale process, the buyer of [VMP’s] business will try to resolve outstanding and future orders where feasible. We anticipate this sale process will conclude by mid-May 2025 with further details to follow.”
Photo Credit: Vinyl Me, Please Website
Creditors, including subscribers who are owed records or refunds, now have until October 1, 2025 to file claims. The liquidation aims to maximize returns for those left with outstanding obligations—but whether full reimbursement will be possible remains uncertain. As it stands, the Vinyl Me, Please website does not mention the liquidation process at all and still continues to sell vinyl record pre-orders. The lack of transparency around the liquidation has left many current and former customers upset after renewing memberships.
“I filed a claim for the five remaining records they owe me,” states one redditor on a thread about the liquidation process. “I doubt anything will happen. It is wild that they are still soliciting business and claim I have two pending orders. I will also see if I can make this the credit card company’s problem, but we are well past the 60 day cutoff for the annual charge.”
While vinyl sales have seen steady growth in recent years, smaller players in the space are facing mounting pressures. Supply chain disruptions, increased competition, and the capital-intensive nature of pressing plant investments have all lead to closures of several boutique vinyl outlets in the last two years.
Content shared from www.digitalmusicnews.com.