Naxos Chief Talks Business About Classical Recordings

Klaus Heymann: “[Naxos Music Library is] no longer a hope; it’s a big thing now. It’s the fastest growing business we have. This year it’s up 25% on last year. Nothing else is up 25%. … Downloads are stagnating. I don’t think this is a long-term [prospect] … Physical sales are still surprisingly strong in classical music, unlike pop and rock. … All our distribution companies are very profitable, not necessarily from selling our own stuff; but we sell practically every independent classical label.”