I was excited to find a story that hadn't been read before. Since the copyright expirations are coinciding with some peak years for Lovecraft story publications, I think a lot of the upcoming Ghost/Horror compilations are going to have Lovecraft in them! The 20s was a great period for spooky stories.
I gotta say, I read some Lovecraft as a kid/teen when I'd read all the horror I could get my hands on and had no notion yet of "time periods" when it came to stuff, and a lot of the anthologies were a weird mix of very old (public domain) stories and new stuff so I would read his stories in the mix with Stephen King, Dean Koontz, Manly Wade Wellman and the like and not really realize that he was influencing the newer writers. It's easier to see now.
Then the 70s and 80s were another great period for contemporary horror so there was plenty to read and more appearing all the time, and it was easy to get snobbish about the "hokey old stuff" -- then all of the unpleasant stuff about Lovecraft was getting publicized (racism, anti semitism etc) and made it feel more distasteful to bother with him...and then I read this story and was like, oh yeah, this is why he is fun ... so over the top, the melodramatic vocabulary, I mean, I hit the line about the "star winds" and was like, yeah, gotta record this, it's too fun not to.
I discovered King as an early teen and devoured his early books, especially the short story collection "Night Shift" -- read and re-read til my paperback copy was falling to pieces, and I have some of those stories practically memorized, so as I was reading this I was definitely seeing how those early stories were heavily influenced by Lovecraft, especially in his love of using Lovecraftian words like eldritch and miasma and gangrenous, lol.