Classical Music Label Naxos Signs Revenue-Sharing Deal With Clear Channel
October 29, 2012

Clear Channel Media and Entertainment and leading Classical Music label Naxos announce they have entered into a revenue-sharing agreement, similar to CCM+E's recent deals with Big Machine and Glassnote. Clear Channel says the agreement "aligns their business interests, focusing on accelerating the growth of digital radio and benefiting classical music fans across America."

As part of the new agreement, Naxos will bring their genre expertise to programming "Classica," the digital classical station on iHeartRadio.

Naxos of America is the largest digital distributor of independent Classical music. It supplies a catalog of over 30,000 albums from hundreds of classical labels, including 6,500 titles on its own labels, to digital download stores and mobile outlets worldwide.

"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," said Jim Selby, CEO of Naxos of 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."

"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," said Clear Channel CEO Bob Pittman. "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."




 
Breaking News
Beasley Broadcast Group Names New Management Team In Tampa-St. Petersburg
Beasley Promotes Chris O’Kelley To OM In Augusta, GA
Darla Thomas Named PD At WLNK-FM
November 25, 2014
Entravision Announces Extension Of Share Repurchase Program
OG 97.9 FM Debuts In Atlanta Today
Kassof Research: Country P1’s: Country Proud
In Brief - November 25, 2014
November 24, 2014
T-Mobile Doubles Down On Music Freedom, Adds 14 New Services
Shawn Barron Named VP, Urban A&R For Atlantic Records
Kassof Research: A/C P1’s: Comfort Food
In Brief - November 24, 2014
November 21, 2014
RAB Report: Radio Shows Double-Digit Growth In Digital Revenue For Q3
The Week In Review: 11/17-11/21
Jaysson Reno Named VP, Sales For KGO-AM, KSFO-AM
Kassof Research: CHR P1's: Excited & Social
In Brief - November 21, 2014
November 20, 2014
Cumulus Promotes Jeff Davis To National Director Of Stratus Music Scheduling
Mike Fredrick Named Hubbard Radio Cincinnati VP/Market Manager
Hubbard Radio Announces New Division, 2060 Digital, LLC
Kassof Research: Christian Radio P1’s: Mission Accomplished
In Brief - November 20, 2014
November 19, 2014
Musicians On Call Raises $700,000 At 15th Anniversary Celebration
iStreamMEDIA Adds Christopher Cottrill As VP/Music Content, Programming
Jordan Blaugrund Promoted To VP, Digital Marketing, RCA Records
DeVito/Verdi Retained To Drive Awareness Of NextRadio App
Music News
One Direction Celebrate 4th Straight #1 Album
Quick Hits: Rihanna, Bruce Springsteen, Prince, Scott Stapp
Fall Out Boy To Drop Album in January
Quick Hits: Kurt Cobain, One Direction, Bob Dylan, Baha Men
One Direction Dominates 2014 AMAs
Katy Perry Is Ready For Some Football
Quick Hits: 5 Seconds of Summer, Drake & 2 Chainz, Grammy Foundation Legacy Concert, James Blake & Kanye West
Iggy Azalea, J. Lo To Team Up on AMAs
The Week In Review: 11/17-11/21
Quick Hits: Saturday Night Live, Billboard Touring Awards, YouTube Music Awards, Arcade Fire
Quick Hits: One Direction, Taylor Swift, Young The Giant, Guns N' Roses, Jimmy Ruffin
Taylor Swift's 1989 Remains At #1
Quick Hits: U2, Katy Perry, Paramore, Lana Del Rey, The Voice
Foo Fighters Announce Major 2015 North American Tour
Ed Sheeran Launches "Thinking Out Loud"
FMQB NOW

Jon Zellner
SVPP, iHeartMedia

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!