Vinyl Me, Please enters liquidation amid financial turmoil, customer outcry

The Denver-based company, founded in 2012, was known for delivering exclusive vinyl pressings to a dedicated customer base.

The company’s decline accelerated following the March 2024 dismissal of CEO Cameron Schaefer, CFO Adam Block, and chief strategy officer Rich Kylberg. The trio was terminated amid allegations of misappropriating company funds to develop an independent vinyl pressing plant in Denver’s River North (RiNo) district. VMP subsequently filed a lawsuit against the former executives, accusing them of breaching fiduciary duties by diverting resources to the plant, which failed to become operational as planned.

In an email to subscribers dated 4 April 2025, VMP announced it had initiated an Assignment for the Benefit of Creditors (ABC), a legal process managed by Vinyl Liquidators LLC. This procedure aims to liquidate the company’s assets to satisfy outstanding debts. Subscribers with pending orders or refunds are considered creditors and must file claims by 1 October 2025.

Despite the ongoing liquidation, VMP’s website continued to accept orders and advertise new releases, exacerbating customer frustration. Many subscribers reported being charged for products that were never delivered, with some expressing their grievances on online forums and social media platforms.

The situation highlights the challenges faced by niche vinyl retailers in a market experiencing both a resurgence in vinyl popularity and significant production bottlenecks. While vinyl sales have seen steady growth, smaller companies like VMP have struggled with supply chain disruptions and the high costs associated with establishing independent pressing facilities.

As the liquidation process unfolds, affected customers are advised to file their claims promptly and monitor communications from Vinyl Liquidators LLC for updates on potential reimbursements.