Yes, it was quite an innovation at the time-- the older systems used a mechanical drum-- the record selector buttons pulled in a solenoid along the drum's circuference, a mechanical arm, linked to the record magazine rotated until it hit the solenoid pin & stopped. After the record played, a little hammer followed and drove the pin back down.
The Seeburg used a keypad, diode matrix, and the core to do the same sort of thing electronically.