“NEW YORK (Associated Press) – Steinway Musical Instruments Inc., maker of the iconic grand piano, said Monday it has bought ArkivMusic LLC, which sells classical music recordings online, for about $4.5 million.
“Steinway will pay $3 million in cash up front and make annual payments of about $500,000 over the next three years, according to a release.
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“ArkivMusic sells over 90,000 titles, including several out-of-print selections, the company said.”–cnn.com
