Naxos hired young staff to get ahead of Web wave

Absolutely terrific interview with Jim Selby (CEO) of Naxos of America Inc.

Two of his answers regarding sales and profit I found very interesting:

Regarding sales…. “The physical (distribution) portion would be probably 70 percent (of sales). In profit, it would be around 10 percent. Ninety percent of the profit is generated by the non-physical.”

And regarding digital sales… “Our sales for digital downloads and streams for Naxos the label are well over 50 percent. Most of the industry is around 25 percent. We have our own distributor labels that are well over 35 percent.”

I never would have guessed that a Classical label would have this high a percentage of digital sales and profit. Definitely interesting…

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