Steinway Buys Arkiv

“Arkiv, a kind of Amazon of classical music that launched in Feb. 2002, offers some 90,000 CD and DVD titles from major and independent classical music labels through its website, Arkivmusic.com. About 5,500 of those titles are otherwise out-of-print. The deal calls for Steinway to pay $3 million in cash up front plus an additional $1.5 million over the next three years.”