Sony/ATV CEO Marty Bandier recently revealed that EMI Music Publishing, which stands as the second biggest music publisher behind Universal Publishing, will in fact be keeping its name, according to a story in the most recent edition of Music Week.
The decision to keep the name is somewhat sentimental as Bandier lead the company for 17-years before joining Sony/ATV as worldwide chairman and CEO in April 2007. Bandler said in the report that when he moved to Sony, he would grow sad hearing songs by Queen, Rod Stewart, Alicia Keys, and tracks from the Motown/Jobete catalog -- all music he helped acquire. Sony/ATV's co-president (and 2011 Women In Music honoree) Jody Gerson is also reuniting with a company whose west coast operations she ran for 17 years.
The CEO said Sony/ATV will control 38% of EMI Publishing as "a separate company owned by a group of investors that Sony Corp is a minority shareholder in," he told Music Week.
Bandier additionally spoke on the fact that he enjoyed not being the frontrunner in the acquisition; instead letting BMG Rights take that role. He revealed they planned to underplay the company's desires since he believed his tam knew the company better than any other.
In the report, Bandier stayed mum on the pending approval by regulators, but cites being the smallest of the majors as important.
Additionally interesting is Bandier cautious take on the purchase. "I'll let you know in about two years," he said, "It could be ranked as the greatest accomplishment or it could be the worst."