Globe hosting The Ring? On the contrary, it offers Baroque music (7)
I believe the answer is:
theorbo
'contrary it offers baroque music' is the definition.
I can't tell whether this defines the answer.
'globe hosting the ring? on the' is the wordplay.
'globe' becomes 'orb' (synonyms).
'hosting the ring?' becomes 'o' (I can't explain this - if you can you should give a lot more credence to this answer).
'on' says to put letters next to each other.
'orb'+'o'='orbo'
'orbo' after 'the' is 'THEORBO'.
Can you help me to learn more?
(Other definitions for theorbo that I've seen before include "Old lute with two necks" , "C seventeen - eighteen member of lute family" , "... something large to play" , "Lute-like instrument; O bother (anag.)" , "old instrument" .)