High Quality Content by WIKIPEDIA articles! The composer Colin Matthews founded NMC in 1988, with financial assistance from the Holst Foundation. NMC is an abbreviation for "New Music Cassettes", which refers to the intended main means of packaging its recordings at the time. Matthews continues as a producer of NMC's recordings. NMC was originally administered through the Society for the Promotion of New Music. In 1992, NMC became independent, and Matthews invited Bill Colleran to become NMC's first board chairman. Colleran served in this capacity from 1993 to 2004. Additional financial support for NMC resulted after the 1993 Copyright Duration Directive (93/98/EEC), which extended the copyright term from 50 to 70 years. As a result, the music of Gustav Holst came back into copyright, and NMC obtained increased funding as a result. In 2004, 70 years after Holst's death, his music went back out of copyright, which removed this source of funding to the NMC Foundation.

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