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Maybe it is - but the big names seem to be the most sought after. This may have increasingly become the case over time, hence some disatisfaction with what its become?
Variety has this : Record Store Day 2024’s Most Wanted: Olivia Rodrigo & Noah Kahan, Talking Heads, Laufey, Pearl Jam, Ateez, David Bowie, Beatles, Wilco and More
Those folks are doing just fine or dead.
It's been a few years since I engaged with RSD but I thought it was also a thing for smaller bands to release specials?