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Another Label Deal For Clear Channel

10-29-2012

Clear Channel is now up to three labels it has done side deals with as Naxos signs on to share in the Clear Channel revenue. If you've never heard of Naxos, that must mean you're not a big classical music fan. Naxos of America is the largest digital distributor of independent classical music with a catalog of over 30,000 albums from hundreds of classical labels, including 6,500 titles on its own labels. Clear Channel already has deals with Big Machine and Glassnote.

Naxos CEO Jim Selby said, "As Naxos celebrates its 25th anniversary, I can think of no better way to inaugurate the next 25 years than a partnership with Clear Channel that helps align the business interests of artists, labels, and broadcasters, while benefiting music fans across America. Naxos has long been a leader in the digital music space and we have found a perfect partner in Clear Channel that will help to grow digital radio as well as enable artists to reach a new generation of classical music lovers.”

Clear Channel CEO Bob Pittman said, “We are enormously impressed with Naxos’s digital distribution, which makes them an ideal partner for Clear Channel as we continue to change the industry in bold and innovative ways. Mozart, Brahms, Beethoven, Bach, Chopin, Haydn—these composers wrote the original power chords, and their work is as vital today as when it was first written. Our agreement with Naxos further demonstrates that the market-based business model we unveiled this past summer makes sense for labels, artists, broadcasters, and fans.”

As part of the new agreement, Naxos will bring their genre expertise to programming “Classica,” the digital classical station on iHeartRadio, Clear Channel’s industry-leading digital radio platform.




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