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Quite correct. The 'Konservatorium Wien' is not a concert hall. Still, it has helped shape the musical tradition of Vienna.
The Vienna Conservatory is one of the world's best. Altough classified as a very traditional school, it is also very innovative. As an educational establishment for students from around the world, the Vienna Conservatory offers a great variety of music education, ranging from classical music education (music composition, music theory, music lessons for various instruments) to a very popular jazz music class.
The Vienna Conservatory does not only offer instrumental music education, voice training classes complement the music lessons available.