Point Classics is currently one of the leading digital classical music catalogues and comprises many of the great masterpieces by the world's greatest composers. Works composed by Vivaldi, Verdi, Tchaikovsky, Strauss, Smetana, Schumann, Schubert, Rossini, Ravel, Pachelbel, Mozart, Hadyn, Handel, Dvorak, Brahms, Bizet, Beethoven, Bach and Albinoni to name just some of the over 100 composers within the catalogue of rights. The music is performed by a variety of international orchestras. Point Classics operates a digital web site for music supervisors and licensees alike whereby the content is regularly exploited on a B2B basis only.
Commenting on the acquisition,
Michael Infante CEO & Chairman of One Media, said:
"This is a significant rights acquisition accompanied with an earnings enhancing income from the outset. It further boosts our presence in this sector alongside the Red Note Classics collection that we acquired in 2011. Our library of classical music will now be one of the leading digital libraries worldwide."
Jim Long, C.E.O and Tanvi Patel, Managing Partner of Point Classics commented:
"We are delighted to have concluded this deal with One Media which has demonstrated an ability over the last few years, in which we have traded, to be professional digital exploiters of this genre of content. I am sure that they will maintain the integrity of the Point Classics library with their market penetration and vigilant policies of copyright enforcement."