newsfilter
← Latest News
PR Newswire·

Co-Founders of Naxos Music Group and Classical Music Museum Limited Dispute Purported Acquisition of Naxos Music Group

  • Naxos Music Group Co-Founders Klaus Heymann & Takako Nishizaki, along with shareholder Classical Music Museum Limited, dispute the validity of Kuke Music's purported acquisition of NMG.
  • The founders claim the September 30, 2025 newsletter regarding the acquisition omitted key information & misled the public.
  • Disputes exist between Classical Music, Naxos One, & Desun Holding Limited regarding the alleged issuance of new shares to Kuke Music.
  • The NMG board unanimously resolved on August 4, 2025, to terminate its collaboration with Kuke Beijing due to long-term licensing fee arrears.
  • Kuke Music directors Yu He & Yu Long agreed to the termination during the meeting; Yu He resigned as NMG holding company director on September 7, 2025.
  • NMG digital services including Naxos Music Library & content on www.kuke.com will be unavailable in Mainland China starting October 1, 2025.
  • Public records indicate Kuke Beijing faces multiple monetary judgments, restrictive spending orders, & an unknown financial status.
  • Director Yu He is subject to asset-freezing orders & various restrictive spending orders issued by Mainland China courts.
  • NMG warns that continued use of its services through Kuke entities in Mainland China may constitute infringement & advises users to seek legal counsel.