Vinyl Me, Please has given an update on the future of the company.
The vinyl subscription service was launched in 2012, becoming a huge favourite with music fans. Running a number of themed monthly drops – from hip-hop to classic fare, via new releases – Vinyl Me, Please expanded quickly.
A proposed pressing plant seemed to cause financial issues, and last year fans started to report a delay in deliveries – often, nothing was getting through.
With a huge backlog of orders the company was profile by the Denver Post – Vinyl Me, Please is based in the city – and the paper spoke to a number of disgruntled subscribers.
Meanwhile, a Reddit user shared a notice, dated April 9th, from the agent of VMP’s apparent liquidation company Vinyl Liquidation, LLC advising filers of claims against the company to seek and submit a proof of claim in order to be possibly refunded.
Now Vinyl Me, Please has sent out an update to subscribers – the company will be liquidated.
The email reveals that “as a customer (and creditor) of Vinyl Me, Please (the “Company”), we wanted to let you know that on April 4, 2025, the Company commenced an Assignment for the Benefit of Creditors (ABC).”
“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 the business. We expect that at the conclusion of the sale process, the buyer of the Company’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.”
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The full letter of liquidation can be found below:
TO THE CREDITORS OF OFFBEAT VENTURES, LLC d/b/a VINYL ME, PLEASE:
Please be advised that on April 4, 2025, Offbeat Ventures, LLC d/b/a Vinyl Me, Please, (“Assignor”) executed a general assignment for the benefit of its creditors (“ABC”) in favor of Vinyl Liquidation, LLC (“Assignee”) under California law. A copy of the assignment is available online as indicated below.
An ABC is a means of concluding the affairs of an insolvent debtor as an alternative to a Chapter 7 bankruptcy procedure. In an ABC, the Assignor transfers all of its assets to the Assignee in trust for liquidation. Net proceeds (if any) are then distributed to creditors who file timely claims, as indicated below. Experience has demonstrated that the recovery for creditors is usually much greater in ABC’s, and administrative expenses tend to be lower, when compared with the average bankruptcy.
All individuals or entities who wish to assert a claim must file a Proof of Claim (“Claim”) form before the date indicated below. Creditors should be aware that pursuant to California law, the last day to return the Proof of Claim form to this office is OCTOBER 1, 2025. Claims submitted after that date may not be allowed and may not participate in any distribution from the Assignee.
Claim forms can be submitted as follows:
Or
Vinyl Liquidation, LLC
3435 E Thousand Oaks Blvd, Unit 6039
Thousand Oaks, CA 91359
Please note that receipt of this letter does not mean that the Assignee agrees that you hold a valid claim in the Assignment estate, or that sufficient funds will be available to distribute to any creditor. A further report on the status of the Assignee’s liquidation of the assets will follow in approximately 180 days.
Sincerely,
Ryan Small
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Vinyl Me, Please Give To Be Liquidated – clashmusic.com
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