The music subscription service is making a comeback, Stereogum reports, thanks to a bail-out from a former Lehman Brothers executive. You might remember Columbia House from junk mail offering twelve CDs for just a penny—tempting teens into joining a membership most notable for its huge price increases and the way it really, really pissed off your parents once they saw the bills.
The buyer, John Lippman, thinks that there isn’t enough diversity in the current vinyl retailer market. “You can see a yearning and an interest to try a new format,” he said, apparently referring to vinyl as this “new format.” We’re not too thrilled about the possibility of rejoining Columbia House, but it might be interesting to follow the nostalgia trip that is its business model.
