Kuke Music Holding Limited Acquires Major Share in Naxos Music Group
By David SalazarBeijing-based classical music company Kuke Music Holding Limited has acquired a controlling interest in Naxos Music Group.
The agreement, valued at just over $106 million, gives Kuke a majority share (per The Violin Channel, around 70.43 percent) and marks a major shift in the international classical music landscape.
Founded in 1987 by Klaus Heymann, Naxos has long been admired for its vast catalog, affordable recordings, and commitment to both well-known works and overlooked repertoire. Naxos previously sued Kuke Music in 2024, alleging that the latter organization had missed over $1.8 million in payments over a three-year period.
Kuke has positioned itself as a hub for classical music in China, offering streaming, licensing, and educational platforms and now with Naxos now under its umbrella, the organization will look to broaden its international presence and strengthen connections between Asian audiences and the global classical music community.
“This strategic acquisition of Naxos Music Group represents a landmark transaction that will significantly enhance our position as a leading classical music services platform,” said Peixian Tan, Chairman and Chief Executive Officer of Kuke, in a report by Music Row. “Naxos’s world-class content library, combined with its proven global distribution capabilities, creates compelling synergies with our existing music education and technology platforms.”
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