CTI, once an important record label for cross-over jazz artists in the 1970's, has been revived with the help of a Japanese conglomerate.

Creed Taylor's comeback was made possible through a joint venture with CTI Wave, a subsidiary of the Saison Group, which owns the Wave Records chain. PolyGram will distribute.The first project for the revived label is an ambitious audio-visual work called "Rhythmstick." It features 18 artists, including Art Farmer, Dizzy Gillespie, Flora Purim, Tito Puente and Phil Woods.

During its heydey, CTI released records by such jazzmen as Chick Corea, Grover Washington, Ray Charles, Bob James, Herbie Hancock and Hubert Laws.