News

Rainbo Records' President Steve Sheldon announced the other day that after pressing records for 80 years the company would close and liquidate its assets—and not because of a business slowdown. Quite the opposite as everyone knows.

The company, currently located in Canoga Park, but started its California run in Santa Monica will close because the landlord has other plans for the property.

Sheldon issued this statement: "Dear Valued Customers, After well over a year of trying to negotiate an agreement with our Landlord to keep Rainbo on Eton Street, I am sorry to say that unfortunately we have been unsuccessful. Our Landlord apparently has other plans for this building and has demanded that we vacate the space. It is with incredible sadness that I must announce to you that as of January 31, 2020 we must be out of the building and Rainbo after eighty years will no longer be in business. Rainbo will continue to operate through December to complete all orders that we have in house now. We will cease to take any new orders immediately. We will help you as much as possible to get your assets that we may have in our possession returned to you or shipped to another supplier. You will need to request what you want returned by selection numbers. There will be a nominal fee to pack up components and ship them out and you will be responsible for all freight cost. No parts will be returned if you have any unpaid invoices with us. I am sure you might have some questions and I and our team will be here to answer and try to help make this transition as easy as possible. Sincerely, Steven Sheldon".

The unique Lened presses (developed by a company founded by Len and Ed) will probably end up either at Erika Records in Buena Park, or at a Nashville startup. A very sad ending even as vinyl sales continue to rise, and probably false grist for the vinyl haters' mills.