Russia has privatized Melodia, the country's oldest state-run record label and the owner of Russia's largest music library
MOSCOW — Russia has privatized Melodia, the country's oldest state-run record label and the owner of Russia's largest music library.
ForMaks intends to work on broadening the audience for Melodia's library of about 240,000 recordings by increasing revenues from digital rates, attracting new listeners and broadening the label's geographic reach,. The acquisition"is a logical continuation of our efforts aimed at building up our catalog."
By the early 1990s, the label had released about 49,000 titles and was among the world's top-six record companies, according to the Encyclopedia of Recorded Sound. In recent years, Melodia mostly focused on reissuing recordings from its catalog and licensing tracks from its library. Some of Melodia's records have been available to North American listeners since 2008 through the Canadian classical label Analekta.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia can cope with oil price drop if no OPEC cut agreed -Finance MinisterRussia is fiscally prepared to cope with a drop in oil prices, Finance Minister ...
Read more »
Russia-Turkey talks a last chance to avert Idlib calamityA summit meeting between the Turkish and Russian leaders today in Moscow may be the last chance to work out a deal that avoids further calamity in Syria’s northwest province of Idlib where 3 million people are trapped and suffering.
Read more »
Russia says rebel positions in Syria's Idlib have merged with Turkish army postsRussia's Ministry of Defence said on Wednesday that fortified rebel positio...
Read more »
German minister moots sanctions on Russia over SyriaGermany has close economic ties with Russia and could use this leverage to press...
Read more »
Russia reinforces Syria before Putin-Erdogan talks - flight and shipping dataRussia is racing to reinforce its troops in Syria by sea and air before talks be...
Read more »
Turkey hits back against Syria, risking escalation with RussiaVladimir Putin may care more about Russia's ties with Turkey—but he cannot afford to see Bashar al-Assad fall
Read more »