The 25,000-square-foot facility’s opening follows layoffs and office closures at the company, which hopes to capitalize on strong demand for physical formats.
— which provides warehouse, fulfillment and distribution services to music labels and home entertainment companies — and renamed it Utopia Distribution Services . Over the summer, stock has been transported from UDS’ previous warehouse in Aylesbury to the new Bicester site, which will handle 70% of all U.K. physical music sales, as well as 35% of domestic physical video sales each year, according to Utopia.
The continuing shift away from physical formats toward streaming does, however, present considerable challenges to any company operating in the physical market. In 2022, Proper Music Group recorded revenue of £30.1 million for the nine-month period ending Dec. 31, down from £42 million in the prior 12-month accounting period, according to its latest financial records. The company says lower sales and increased operating costs were behind the £1.
Commenting on Utopia’s well-publicized recent difficulties, Hill says support from the Swiss-based tech firm has been “unwavering” and both Proper and UDS have been “ring-fenced” from the cuts Utopia has implemented elsewhere over the past year. “[CEO] Mattias [Hjelmstedt] has talked internally about how physical distribution is the engine room of Utopia.
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