Here's something I came across. After reading it, all investors should know that Denny Diante will be the reason for the success of MPIX. Since he's accomplished this, Roxanna's library of 17,500 original masters should be a walk in the park for him. Here's an excerpt from it:
Pipeline Music Inc. is a label and licensor of Classical Music or The Los Angeles based company which bought the worldwide distribution rights to Russian Classical Music recordings after a long process of negotiation.
The directors of this company are Canadian entrepreneur, an Odessa-born Russian-American named Tristan Del and US entrepreneur and producer Denny Diante.
Hours of rare classical music recordings and video footage of Russian artists, such as ballet dancer Rudolf Nureyev, were then being released after gathering dust for more than seven decades by Pipeline.
The recordings of more than 400,000 performances, recorded by the Soviet Ministry of Radio and Television, are being made available on albums and digital by the US firm Pipeline Music.
Pipeline has released to date over 200 physical and digital albums in the US. Some have already gone on sale in the UK, US, South Korea, Japan and Hong Kong.
During his three decades as a record producer, Denny Diante worked with everyone from Barbra Streisand to the Grateful Dead. None of that experience, however, could have prepared him for his latest venture -- cataloging, digitizing and marketing a 400,000-hour archive of Russian classical music that was designated a national treasure in 1996 by former Russian Federation President Boris Yeltsin. Denny then launched Pipeline Music Inc.
In January 1989, the Russian authorities gave a US entrepreneur,Tristan Del, exclusive access to the archive to produce and sell the archives in any music format or media.
The contract obliged Diante and Del to produce and market at least 52 of the pieces but there are up to 400,000 hours of video and audio footge, but only two were presented. In addition to this Del launch his own label called Fenix Entertainment Inc.
They estimated the archives could be worth hundreds of millions of dollars.
And classical music experts said the archive provided a valuable record of 20th Century Soviet musical artistry.
Classical stars from outside the former Soviet Union are also included, such as American Paul Robeson singing in Moscow Tchaikovslky Hall in 1949.
Composer Gennady Rozhdestvensky was filmed in the late 1960s
Many of the recordings were hidden away in vaults in Soviet government buildings by archive staff when the artists fell out of favour and their performances were banned.
They were discovered when the Soviet Union collapsed.
However, years of disagreement between the Russian Government and private companies wanting to buy the recordings left them untouched.
Pipeline finally acquired the rights to the archives in 1999, after securing the Russian government's trust.
Technical problems delayed the release of the recordings further.
They were produced mainly for radio or TV broadcasts on analogue tape, vinyl discs or large metal discs.
And on many of the recordings there is background noise from air conditioning, heating and people moving around.
Yet, though Pipeline remastered the tapes in The USA and the UK, it is keeping the less-than-perfect sound quality.
So far, recordings released in The UK , Japan and South Korea have proved a hit with classical music lovers.
Pipeline Music Inc & Fenix Entertainment however went into administration in mid 2005
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