Newly appointed EMI Group CEO Roger Faxon, who has helmed EMI Music Publishing since 2007, will now be in charge of leading of all of the major's operations, including its recorded music business. In an interview to be published in next week's issue of Billboard, Faxon discussed the challenges ahead.

On EMI Group's stated plans to reposition itself as a "comprehensive rights management company":
What it does is, it starts in a different place than, "I'm in the record business, my job is to sell a record." If I'm in the management of all of the rights associated with that recording, I'm looking comprehensively at all of the ways that music will enter the market and reach the consumer.

On the financial health of EMI Music and EMI Music Publishing:
They have performed really well in these difficult markets and they have strong earnings and they have strong operating cash flow ... They have sufficient liquidity to invest forward in music and to make the business work.

On whether Terra Firma's debt burden affects EMI's ability to sign artists:
I think that once people understand what the capabilities of these businesses are and their underlying performance, that should fade away ... These markets are very difficult to navigate so there's a lot of uncertainty across the whole music business.

On whether new artist development will still be a priority:
Those who know me know that I am absolutely committed to new music and I believe that it is the lifeblood of the business and that it creates the flow and the dynamism and you need to stay at the front end of music.

On whether EMI might consider selling publishing assets:
Our aim has never been to sell catalogs or assets out of the publishing business. We're a buyer of rights, not a disposer of rights.

On EMI's digital strategy:
The most important goal is to understand how to use the power of the digital environment to create connections with consumers around music and where there's a depth of connection between the music and those consumers. And then the strategy goes to the second step, which is "how do you gain value, how do you yield the value out of those connections?"