While EMI Music continues to struggle with its debt load, as detailed by the Wall Street Journal and summarized in Billboard.biz’ Business Matters column, EMI Music Publishing remains healthy and stands apart from the record label’s trouble. When Terra Firma Capital Partners acquired EMI Group in 2007, in putting together financing for the deal, it set up the publishing company as a separate entity, with its own debt load, sources tell Billboard.biz. The Wall Street Journal article quotes a person familiar with the situation as saying that EMI Music Publishing remains healthy and won't have to make extra interest payments if EMI Music defaults.

In its last publicly stated financial results for the half year preliminary results for the period ended Sept. 30, 2008, the report noted that EMI Music Publishing reported earnings before interest, taxes, depreciation and amortization of 61 million pounds, up 7% from the 57 million pounds reported in the corresponding period. Likewise, revenues increased to 220 million pounds for that period, up from 201 million pounds in the corresponding period of the previous year. Sources tell Billboard.biz that EMI Music Publishing is currently on target to top the 2008 performance.

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