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Music Lane It's all about the music, dude! Sit down, relax and listen to some tunes. |
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Music Lane It's all about the music, dude! Sit down, relax and listen to some tunes. |
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In Reply to: Classical music sales posted by Amphissa on July 28, 2015 at 08:59:09:
Klaus Heymann, the C.E.O. of Naxos, currently the world's largest classical music label, gave a sobering and distressing interview in a recent issue of Stereophile, where he confirmed that his label is not making any money off of physical media. They are in fact losing money on physical media. He also said the company would abandon physical media within five years and go to a business model that was 100% streaming and media on demand (downloads or physical media on demand).
I was shocked to hear the world's biggest classical music label admit that they were giving up on physical media and would pull the plug within five years. If Naxos goes this way, it won't be long until all the remaining Classical Independants (many of whom Naxos currently distribute) do the same.
The writing is on the wall.
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- Sobering times - layman 09:40:52 07/28/15 (0)
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