Naxos’s 25 years of reinventing itself
November 12, 2012
by Anne Midgette
In the late 1980s, the record label Naxos was a bargain-budget name with a dicey reputation. True, it was recording lots of interesting repertory and selling it at cut-rate prices, but it was supposedly doing this by exploiting its artists, who were paid a flat fee, no royalties, and often not even enough money to cover recording costs. What kind of recording deal was that?
This year, Naxos is celebrating its silver anniversary—as one of the major forces in the classical music field. Today, cushy record contracts for classical artists are all but extinct, more and more artists are self-financing their recordings, and Naxos, offering significant brand recognition and the biggest international distribution network in the field, suddenly looks like a pretty good deal.
The savvy business sense of its founder, Klaus Heymann, is no longer seen as a liability; it’s enabled him to keep the company making money despite the fact that the classical recording business is changing so fast that every time I’ve talked to him over the past 10 years, Naxos has had a different primary source of revenue. Continue reading
Source: The Washington Post