Naxos founder Klaus Heymann doesn’t see a music industry crisis, but rather an opportunity – as borne out by the success of his company.
In a speech to Britain’s House of Lords, Lord Andrew Lloyd Webber condemned the internet as “a Somalia of unregulated piracy”. Klaus Heymann, the German-born Hong Kong-based founder of classical music empire Naxos, might well retort, “What’s the fuss?”
In Chinese, the characters for “crisis” also contain the character for “opportunity”, says Heymann. “Sure, some of our Naxos stuff gets pirated, but this piracy opens the door of an industry of opportunities. Margin for a CD sale is US50-75c, from which I must pay overheads, artist fees and so on. A download fetches me ...
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