K-Tel International, Inc. - KTEL- Profile

K-Tel International, Inc.. The Group's principal activity is to license its music catalog internationally and market entertainment products through retail and direct response marketing channels in the United States and Europe. It operates through two segments: Music and Licensing. The Music segment consists primarily of the sale of pre-recorded music both from the Group's music master catalog and under licenses obtained from other record companies. The Group sells compact discs and DVD's directly to retailers, wholesalers and rack service distributors, who stock and manage inventory within music departments for retail stores. In the Licensing segment, the Group licenses the rights to its master music catalog to third parties worldwide for use in albums, films, television programs and commercials. The customers of the Group include retailers, wholesalers and rack service distributors. The Group operates in the United States and Europe. Licensing accounted for 57% of fiscal 2006 revenues and Music, 43%