COMPANY TOWN ANNEX

Turner to Sell Music From Movies: Atlanta-based Turner Broadcasting System Inc. said its Turner Classic Movies channel will license the rights to its library of film music to Rhino Records. Turner Classic Movies owns more than 3,300 titles, including “Casablanca” and movies by Fred Astaire and John Wayne, in the libraries it acquired from Warner Bros. and MGM. Los Angeles-based Rhino, partly owned by Time Warner Inc., plans to issue two to three compact discs a month as part of its newly launched Rhino Movie Music label. The discs will be sold through music store chains and by direct mail through advertising on other Turner cable channels, including CNN and TNT.