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'New wave' was coined for listeners put off by punk's ethos

The term was a reference to New Wave cinema, an iconoclastic, largely French form. Sire Records' Seymour Stein is believed to have pushed to use it to describe the label's bands, many of which came from the CBGB's scene, to avoid the negative associations with "punk rock." Sire ran a promotional campaign named "Don't Call It Punk" that made that message clear.

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