Why record renting wasn't a hit with the record-making industry
In early 1981, a Toronto record store was renting out its vinyl to customers — and that was not a popular move with the people who put out those records, due to concerns about piracy.
David Nancoff, the man renting out the records, told CBC News that there was little the recording industry could do about his business.
"I'm not doing anything illegal. I have the right to sell or lease records and what people do with them is up to them," he said.
"It's been absolutely overwhelming," said Nancoff.
The Canadian recording industry was making inquiries of its own — as to how it might respond to what Nancoff was doing.
According to what John Grier reported on The National, the industry estimated it had lost $40 million in the previous year due to people making unauthorized tape recordings of records.