EMI Group

  1. EMI Group's £1.5 Billion Pension Fund Sold to PIC, Largest Pension Insurance Buyout in U.K. History

    July 09, 2013 2:10 PM EDT Given the tumultuous recent history of EMI, members of its pension fund could count themselves fortunate that the fund will live on. As Music Week reports , the 20,000-member pension fund of the former EMI Group, worth £1.5 billion (roughly $2.2 ...

  2. BMG Beats Warner/Chappell to 'New Wave'-Heavy EMI Publishing Divestitures for $90 Million

    December 20, 2012 5:46 PM EST BMG successfully outbid Warner/Chappell to win control of nearly 30,000 songs divested by EMI, including popular UK '80s hits from acts like Tears for Fears and Culture Club. The catalogs -- which were sold for around $90 million, according t ...

  3. Morning Fix: WMG Realignment; Elections' Impact on Music Biz; Tim Schaaf Leaving Sony; Azoff Speaks Out

    November 08, 2012 8:20 AM EST Head HERE to subscribe to Billboard's Morning Fix and other free music-business news letters WARNER MUSIC REALIGNS STRUCTURE; CAMERON STRANG GETS BIG BOOST: Warner Music is restructuring and dividing itself into 3 divisions: frontline recorde ...

  4. Morning Fix: Rara Expands; Today's Apple Event; Bertelsmann, KKR & EMI; ATP Merger

    October 23, 2012 7:36 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters RARA ADDS IOS, EXPANDS MUSIC CATALOG, PARTNERS WITH LENOVO: On-demand subscription music company Rara has launched its service on Apple's iPad and iPhones , as well de ...

  5. Morning Fix: BET Brawl Video; Artists Protest Parlophone Sale; Big Album Debuts; Jay-Z Opens Barclays

    October 01, 2012 7:14 AM EDT Head HERE to subscribe to Billboard's free music-business newsletters BET HIP-HOP AWARDS MARRED BY SCUFFLE: Atlanta police officers broke up an altercation Saturday evening between groups at the seventh annual BET Hip-Hop Awards though no arr ...

  6. Universal Music-EMI Update: Where the Deal Stands Before Things Heat Up This Week

    August 24, 2012 5:13 PM EDT While things have been a bit quiet recently around the Universal Music Group's proposed acquisition of EMI, expect them to heat up toward the end of this week and especially after the Labor Day weekend. Universal/EMI: Deal Looks Likely to Be ...

  7. Read: EMI CEO Roger Faxon's Letter to Staff About Universal Deal

    July 27, 2012 4:16 PM EDT Today, not long after Universal Music submitted the long-delayed divestment package for its proposed acquisition of EMI's recorded-music division to the European Commission , moving the process one big step closer to a conclusion. EMI Group C ...

  8. Universal's EMI Deal Approved By New Zealand Regulators

    June 21, 2012 10:05 AM EDT Universal's proposed acquisition of EMI Music has been approved by the New Zealand Commerce Commission - the first jurisdiction in the world to do so. Universal Music Group was notified of the regulatory approval earlier today (June 21) and i ...

  9. More Adam 'MCA' Yauch Tributes: CeeLo Green, Roger Faxon, Chris Lighty, Michael Stipe, More

    May 04, 2012 3:08 PM EDT More artists, executives, and celebrities have taken to social media to express sadness or pay tribute to Adam "MCA" Yauch of the Beastie Boys, who died today at the age of 47 . We've compiled some below, and more can be found here ...

  10. EMI Music Japan Expanding Despite Impending Sale, Announces EMI Rocks Will Be Annual Event

    March 21, 2012 4:30 PM EDT From left: Ryo Takagi Producer of EMI Rocks; EMI Japan President & CEO San-e Ichii; EMI Group CEO Roger Faxon backstage at EMI Rocks 2012 at the Saitama Super Arena outside of Tokyo. (Photo: Rob Schwartz) Despite its unclear situation due to t ...

  11. Billboard Power 100: Roger Faxon

    January 27, 2012 10:00 AM EST No. 24 Roger Faxon CEO EMI Group Riding The Wave... Circumstances have rendered Roger Faxon, CEO of EMI Group since mid-2010, the industry's most prominent lame-duck executive. Citigroup's auction of EMI last year ended with a Sony-led c ...

  12. Morning Heds: Streaming Royalties Way Up, SOPA Protest Day, tUnE-yArDs Top Pazz & Jop

    January 18, 2012 7:25 AM EST Digital Notes: Royalties for Streaming Music Grew 17% in 2011 by New York Times (blog) SoundExchange, the agency that compensates performers and record labels when music is played on satellite and Internet radio, paid $292 million in royalties las ...

  13. Billboard's Year In Music 2011

    December 09, 2011 9:00 AM EST DECEMBER 9, 2011 2011: The Year the Music Business Turned A Corner? Four majors become three and play a an epic (pun intended) game of musical chairs with top execs. The indie world finally takes its place at the big table. The battle for control ...

  14. Record Label Shake Ups, Sales Make For A Tumultuous Year In The Music Industry

    December 08, 2011 7:55 AM EST With the sale of Warner Music Group, the planned sale and breakup of EMI Group and the installation of new management at each of the three surviving majors, 2011 was a year of seismic shifts in the major-label landscape. The rumbles began immediat ...

  15. Universal Music Sees Recorded Music Business Near Turnaround

    November 17, 2011 12:00 PM EST Top executives of Vivendi's Universal Music Group on Thursday said the industry was nearing a turnaround for the recorded music business, which has continued to decline in recent years. During an analyst meeting in Paris, which was webcast, B ...

  16. EMI's Deals WIth Universal, Sony Face Inevitable -- But Different -- Regulatory Scrutiny

    November 11, 2011 5:46 PM EST The sale of EMI is just the beginning in what could be a lengthy process that further consolidates the record and music publishing businesses. Citigroup's sale of EMI -- its recorded-music division to Universal Music Group and its music publi ...

  17. Read: Citigroup and Vivendi's Statement About Universal Music's Purchase of EMI's Recorded Music Division

    November 11, 2011 10:00 AM EST Below is the official statement circulated today about Universal Music's purchase of EMI's recorded-music division. For Immediate Release November 11, 2011 Vivendi and Universal Music Group (UMG) to Purchase EMI Music London, Paris, New ...

  18. Major Labels Push Back on Best Buy's Price Demands

    November 04, 2011 3:20 PM EDT A Best Buy initiative to have all single-disc albums at an everyday price of $9.99 for the holiday selling season has been turned back by the major labels-at least for now. While some major-label distribution executives expect the conversation to ...

  19. YouTube With New Deals Expanding as Music Destination

    October 20, 2011 8:05 AM EDT NEW YORK (AP) -- YouTube has been very good to bedroom singers, who have found a quick path to fame, and major labels, which have benefited from some of the largest digital audiences for their top music videos. But the middle tier - hundreds of in ...

  20. EMI Auction: Who's Got the Inside Track?

    September 30, 2011 4:30 PM EDT With the second-round, Oct. 5 deadline looming large in the EMI auction process, it sounds like the strategic bidders have the inside track, according to an informal survey of bidders, consultants involved in the deal and industry sources generall ...

  21. BMG's Purchase of Bug Music Finds It Closing in on Majors

    September 16, 2011 2:17 PM EDT There's been a persistent rumor about BMG Rights Management, the music publishing joint venture between German media giant Bertelsmann and private-equity firm Kohlberg, Kravis & Roberts: If it doesn't succeed in acquiring the publish ...

  22. Without Steve Jobs, Apple Faces Challenges in Retaining Its Dominance in Digital Music

    September 01, 2011 8:58 AM EDT The resignation of Apple CEO Steve Jobs marks the end of an era not only for Apple, but for the digital music industry that he played a crucial role in shaping. Which is why the timing of this move is so important. By any standard, Jobs is the c ...

  23. The Music Industry Reacts To Steve Jobs' Resignation as Apple CEO

    August 25, 2011 5:00 PM EDT No Worries in Music Industry as Apple Gets New CEO The earth did not stop turning when Steve Jobs, the executive most responsible for transforming how music is purchased, distributed and experienced in the digital age, resigned as Apple's CEO ...

  24. Higher-Than-Expected Bids for EMI Group Could Favor Strategic Buyers--Including the Other Majors

    August 05, 2011 11:42 AM EDT With the first round of bids in for Citigroup's auction of EMI Group, the higher-than-expected levels of the bids suggest that strategic suitors--including the other major-label groups--may have a leg up on other bidders. Sources say at lea ...

  25. EMI: High Bids Put Strategic Buyers -- Including Other Majors -- in the Lead

    August 05, 2011 10:53 AM EDT With the first round of bids in for Citigroup's auction of EMI Group , the higher-than-expected levels of the bids suggest that strategic suitors-including the other major-label groups-may have a leg up on other bidders. Sources say at least ...

  26. Bug Music For Sale Again

    July 20, 2011 7:42 AM EDT Bug Music, which was up for sale in an aborted auction last summer, is back on the block, according to sources. The auction is once again being run by JP Morgan Chase, and according to Bloomberg News, which broke the news. Bids are due next week. ...

  27. Can Doug Morris Lead Sony Past Universal Music Group to Be the No. 1 Label?

    June 24, 2011 11:45 AM EDT As Doug Morris moves on from his 15-year tenure at the helm of No. 1 U.S. music company, Universal Music Group, to his new job as CEO of Sony Music Entertainment, will he be able to drive the No. 2 major into the top spot? The industry will know s ...

  28. Warner Music Bids in With Board, Announcement Expected Friday: Sources

    May 04, 2011 7:20 AM EDT Bids for a likely $3 billion buyout of Warner Music Group are in with the company's board for review over the next couple of days, according to two people familiar with the process. Three parties are known to have put in bids for the world� ...

  29. EMI Music Publishing Taking Over Licensing Digital Rights From ASCAP

    May 03, 2011 4:17 PM EDT EMI Music Publishing is bundling performance rights previously represented by ASCAP with mechanical and syncronization rights in a move to streamline licensing for digital music service providers, the company announced in a statement today. In mak ...

  30. Warner Music $3 Billion Buyout Could be Done this Week: Source

    May 02, 2011 7:13 AM EDT Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. The third round of bids is led by two competing fi ...

  31. EMI Artists, Songwriters Raise $940,000 for Japanese Red Cross Disaster Relief

    April 26, 2011 2:39 PM EDT An auction of exclusive personal items and memorabilia donated by EMI artists and songwriters has raised $940,000 in funds to help the Red Cross support people affected by last month's earthquake and tsunami in Japan, the company announced in ...

  32. Daft Punk's Ferrari, Katy Perry's Trampoline, Beatles Bicycle Added To EMI Japan Earthquake-Relief Auction

    April 11, 2011 3:34 PM EDT Katy Perry, the Beatles, David Bowie, The Beach Boys, Iron Maiden, Gorillaz, Sting, David Gilmour and Tinie Tempah have donated personal items and memorabilia to the second phase of the EMI family's charity auction to raise funds to help the ...

  33. EMI Combining Sync and Licensing Departments

    April 07, 2011 4:07 PM EDT EMI is combining the synchronization and licensing staffs of its North American publishing and record label operations and putting them under one roof. The move helps the company execute a global rights management strategy initiated by Roger Faxon ...

  34. Baidu to Launch Licensed Music Service in May

    April 06, 2011 7:23 AM EDT Baidu Inc, China's top search engine, will launch a licensed music search service in May, in a move to legitimize its current music search that critics say enables music piracy. Baidu will launch Baidu Ting sometime in May, said Kaiser Kuo, a ...

  35. Robin Gibb, Roger Faxon To Give Keynotes At 2011 World Copyright Summit

    February 23, 2011 3:30 PM EST The World Copyright Summit, to be held June 7-8 in Brussels, has announced its schedule. The event will feature a slate of keynote speakers, including the WIPO director general Francis Gurry, two European Commission officials, CISAC president Robi ...

  36. Sergio Lopes Replaces Diana Rodriguez At Capitol Latin; Camilo Lara Leaves EMI Mexico

    February 11, 2011 2:34 PM EST UPDATE: Late Friday more changes at EMI Latin took place when news broke that Camilo Lara, chairman of EMI Mexico, left his post. Lara had been named chairman in 2008 and also oversaw A&R for the region. Lara is also a DJ, producer and recordi ...

  37. How Citigroup Outfoxed Guy Hands In Its Takeover Of EMI

    February 03, 2011 2:15 PM EST While press reports on Citigroup's takeover of EMI are rife with phrases about how the bank "seized control" (New York Post) in a "surprise move" (Los Angeles Times) that apparently caught Terra Firma chairman Guy Hands of ...

  38. Exclusive: EMI CEO Roger Faxon Talks Citigroup Takeover

    February 01, 2011 5:42 PM EST On the day that Citigroup assumed control of EMI , EMI Group CEO Roger Faxon was a busy man, but he took a few minutes to talk with Billboard . Billboard : This deal gives Citigroup a lot more flexibility and it gets EMI out of the Terra Firma box ...

  39. Now That Citigroup Has Taken Over EMI, What's Next?

    February 01, 2011 4:26 PM EST Citigroup's earlier-than-expected takeover of EMI Group and its recapitalization of the company's balance sheet effectively presses the fast-forward button on a resolution of the major label group's fate. The bank had been widely ex ...

  40. Citigroup Takes Over EMI

    February 01, 2011 11:36 AM EST Citigroup has acquired EMI Group and has recapitalized the major label group in a debt-for-equity swap, the two sides announced Tuesday. As a result, the company's debt has been reduced by 65% from £3.4 billion to £1.2 billion, and the compan ...

  41. EMI And Warner Music: Destined To Be Together?

    January 28, 2011 10:05 AM EST No matter what happens to EMI or Warner Music Group (WMG), it always seems that speculation about their respective fates is intertwined with that of the other. That was true during the protracted will-they-or-won't-they merger speculation tha ...

  42. Business Matters: BMG Wants EMI's Back Catalog More Than Its Publishing

    December 20, 2010 12:00 AM EST BMG Covets EMI Group's Back Catalog More Than Its Publishing -- BMG Rights Management is interested in EMI Group's recorded music back catalog rather than its publishing division, BMG Rights CEO Hartwig Masuch told MusicWeek . "Inte ...

  43. Business Matters: Terra Firma Close to Losing EMI, Reports Say

    December 13, 2010 12:00 AM EST Opinion and analysis of the day's music news. TERRA FIRMA COULD LOSE EMI BY CHRISTMAS -- Reports out of the U.K. claim Terra Firma could lose EMI by Christmas. The paper said Terra Firma chief Guy Hands has told investors to expect the worst ...

  44. What Next For Robbie Williams?

    December 01, 2010 12:00 AM EST When the Conservatives and Liberal Democrats formed a coalition after the May 2010 general election in the U.K., there were plenty who said it could never last. Six months on and former Conservative prime minister Sir John Major reckons the partie ...

  45. Guys Hands Focuses On 'Next Deal'

    November 19, 2010 12:00 AM EST In his first public comments since losing a lawsuit against Citigroup over the EMI deal, Guy Hands said his buyout firm Terra Firma would have "looked like geniuses" if it had not bought EMI Group in 2007. He was speaking at the Nov. 18 ...

  46. Report: Warner Planning Bid For EMI's Record Company

    November 15, 2010 12:00 AM EST Warner Music is planning a £470 million ($750 million) bid for EMI's recorded music division, according to media reports over the weekend , and may file a proposal with Terra Firma in the next few weeks. This news comes less than two weeks af ...

  47. EMI Signs Hikaru Utada To Worldwide Deal

    November 09, 2010 12:00 AM EST Some good news for EMI Music who just lost Queen to Universal Music Group: they have signed best-selling Japanese singer Hikaru Utada to a worldwide deal. Utada is one of the most successful singers of all time in Japan. According to EMI, 9.9 mill ...

  48. EMI Reaches Deal On Pension Fund

    October 15, 2010 12:00 AM EDT EMI Group has reached a funding agreement with the Trustees Board of the company pension fund. In a statement, EMI said a multi-year payment plan has been agreed to provide £197 million ($316 million) in additional funding including an immediate £ ...

  49. EMusic Nears Major Label Deals For Fall Relaunch

    September 16, 2010 12:00 AM EDT eMusic, the subscription digital music service, is close to wrapping up deals with the last two major labels in time for a planned relaunch in November, its chief executive said. The 12-year old start-up is working on deals with Vivendi's Uni ...

  50. Terra Firma, Citigroup Clash Ahead Of Court Case

    September 08, 2010 12:00 AM EDT Terra Firma and Citigroup have each filed new court documents ahead of a hearing in New York this week as part of a long-running fraud case brought by EMI Group's private equity owners. In its documents, Terra Firma alleges Citigroup was resp ...

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