THE DAY THE MUSIC DIED

What killed the venerable BMG’s classical music recording operations? “A run of pin-striped MBAs and former wine salesmen was put in charge of classics, only to depart before their signings cut a debut disc. On the rock side BMG flourished, winning a record 24 trophies at this year’s Grammy awards. BMG has annual revenues of $16.4 billion and owns 200 labels, including Ariola, Arista and Windham Hill. Classics amount to less than four per cent of turnover. When the bottom line reddened amid a general classical downturn, the division was swatted by an executive fist, like a flea on a giant’s hide. That is the way of the corporate world, and that is what is killing classical recording.” – The Telegraph (London)