music · 17 September 1931 · 94 years ago
The first long-playing record, a 33 1/3 rpm recording, was demonstrated at the Savoy Plaza Hotel in New York by RCA-Victor. The venture was doomed to fail however due to the high price of the record players, which started around $95 (about $1140 in today's dollars) and wasn't revived until 1948.
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