Classical streaming site declares itself non-viablemain
The classical streaming site Grammofy has issued a statement today saying that its financial model is not viable. It has stopped taking new subscriptions.
Founded by Lukas Krohn-Grimberghe (pictured), in May last year, the site offered what it called ‘fair streaming’, based on ‘fair remuneration of artists’.
It streamed material from Naxos, two London orchestras, Genuin, Signum, Chandos and BR Klassik.