EMI

  1. Business Matters: Edgar Bronfman Jr., EMI, Gummybear and more

    June 02, 2010 12:00 AM EDT - The lawyer for Warner Music Group CEO and chairman Edgar Bronfman Jr. asked for the charges against his client to be dropped. The court was wrong to send Bronfman to trial “without any explanation,” he said on the opening day of the insider trad ...

  2. Sources: EMI Shuttering Belgium, Netherlands Publishing Offices

    June 02, 2010 12:00 AM EDT EMI Music Publishing is to close its offices in the Netherlands and Belgium, several well-placed sources have informed Billboard.biz. The news comes amid media speculation that EMI’s publishing arm is planning to cut a number of senior executive p ...

  3. By The Numbers: Labels With The Most YouTube Success

    June 01, 2010 12:00 AM EDT A few of the record labels having the greatest success on YouTube may not be the ones you’d expect. According to information shared with Billboard by video tracker TubeMogul, Hollywood Records has the third highest average views per music video. T ...

  4. Business Matters: Terra Firma, 'Glee,' Wolfgang's Vault and more

    May 28, 2010 12:00 AM EDT Follow Glenn Peoples on Twitter or e-mail him at gpeoples AT billboard.com. -- A source close to Kohlberg Kravis & Roberts (KKR) denied to the Financial Times the buyout firm has been in talks with Terra Firma . “There are no discussions betwe ...

  5. Report: Terra Firma In Talks to Sell Stake in EMI Music Publishing

    May 27, 2010 12:00 AM EDT On Thursday the New York Post reported that Terra Firma is in talks to sell a stake in EMI Music Publishing. One participant in those talks is Kohlberg Kravis Roberts, which would buy a minority stake in EMI’s publishing division and combine the o ...

  6. EMI Notes: Pension Controversy Back, Questions About Citi's Intentions

    May 17, 2010 12:00 AM EDT -- EMI 's pension fund has been a cloud hanging over Terra Firma since the private equity firm acquired the music company. Now, Britain's pension regular is calling on Terra Firma to fill a £250 million gap in funding . Extra payments in ...

  7. McCartney Says EMI Keeping Beatles Off iTunes

    May 17, 2010 12:00 AM EDT According to Paul McCartney, EMI Music is the reason there's no Beatles music for sale on iTunes . "It's been business hassles, not with us, or iTunes," he told BBC Newsbeat . "It's the people in the middle, the recor ...

  8. Business Matters: Terra Firma, Vivendi, HMV Group and More

    May 14, 2010 12:00 AM EDT -- Reuters reports Terra Firma has given Citigroup a compliance certificate , a notification of its plan to inject additional equity to meet its debt covenant. Terra Firma does not need to hand over the money until June 14. But the specifics on th ...

  9. EMI Confirms Terra Firma Equity Cure

    May 14, 2010 12:00 AM EDT EMI has confirmed that it will receive "additional sums" from Terra Firma and its investors - thought to be £105 million ($153 million) - that will avoid a breach of the major's loan covenant with Citigroup. Maltby Capital, the inve ...

  10. Publishing Briefs: BMG, EMI, SESAC, NMPA, Taylor Swift and More.

    May 12, 2010 12:00 AM EDT - BMG Rights Management has launched a joint venture with veteran music industry executives Steve Backer and Michael to create One Haven Music Publishing, LLC. Backer’s background includes stints at Epic Records, Giant/Warner Brothers Records, EMI ...

  11. Project Playlist Settles Suits With UMG, WMG

    May 12, 2010 12:00 AM EDT Project Playlist has cleared the last of its legal hurdles, having settled copyright infringement lawsuits against it by Universal Music Group and Warner Music Group. As first reported by CNET , and confirmed by Billboard, UMG’s settlement include ...

  12. Report: Terra Firma Secures EMI Funds

    May 11, 2010 12:00 AM EDT EMI Group owner Terra Firma Capital Partners has reportedly secured investors' approval to raise £105 million ($156 million), to avoid a breach of the major's loan covenant with Citigroup. Terra Firma needed the support of 75% of its inv ...

  13. Sony Denies EMI Bid Report

    May 10, 2010 12:00 AM EDT Sony Music Entertainment is not in talks with EMI about making a possible bid for the U.K. major, contrary to reports over the weekend. Amid the ongoing speculation about the fate of debt-laden EMI, a comment by Sony Music Entertainment CEO Rolf S ...

  14. Business Matters: Sony, EMI, Village Voice and More

    May 10, 2010 12:00 AM EDT -- Sony Music Entertainment CEO Rolf Schmidt-Holtz was quoted by a German Sunday paper as saying, ”We are in a position that allows us to seize every opportunity in the market - including EMI .” Many in the press took that statement to mean Sony i ...

  15. Industry Veteran Bob Mercer Dies

    May 06, 2010 12:00 AM EDT Music industry veteran Bob Mercer, the British CEO of the NOW compilation business in the U.S., has died aged 65. Mercer was headhunted by EMI from General Foods in the early '70s and tasked with shaking up the major's marketing. He went ...

  16. Business Matters: Guy Hands, EMI, Apple, Music Lockers and More

    May 03, 2010 12:00 AM EDT -- Guy Hands has reportedly chosen to raise £105 million ($160 million) – far lower than the £360 million ($548 million) Terra Firma recently set as a target – and has little time to do it. Terra Firma’s largest investors have given a verbal commi ...

  17. Business Matters: PlayMPE, EMI, CD Baby, WMG and more

    April 26, 2010 12:00 AM EDT - PlayMPE , a digital delivery system used by labels to service promotional music, was hacked last week and a number of albums were leaked as a result. AbsolutePunk posted an email PlayMPE sent a letter to one of the band’s whose release had been ...

  18. Paul McCartney To Reissue Catalog On Concord Music Group

    April 20, 2010 12:00 AM EDT Paul McCartney said on Tuesday he would reissue his extensive post-Beatles catalog through Concord Music Group, dealing a blow to his former distributor, the struggling EMI Group. Los Angeles-based Concord previously released McCartney's 2007 ...

  19. Terra Firma To Ask EMI Investors For Much More

    April 20, 2010 12:00 AM EDT Guy Hands' Terra Firma Capital Partners plans to ask investors to put a further £360 million ($555 million) into EMI - three times the amount Terra Firma previously indicated would be needed to make up shortfalls against the loan covenants. A ...

  20. Dutch Industry Veteran Gerry Oord Dies

    April 16, 2010 12:00 AM EDT Gerry Oord has died aged 96. He was widely regarded as "the godfather of the Dutch record industry." Born in 1913, Oord virtually grew up in the record store of his father. It was in that period that he decided to start a record business ...

  21. U.K. Record Store Day Set To Be Biggest Yet

    April 16, 2010 12:00 AM EDT The Beatles, the Rolling Stones and Bruce Springsteen are among the high profile names leading the line for the U.K. leg of tomorrow's (April 17) Record Store Day - an event that organizers are confidently predicting will be Britain's bi ...

  22. Overton To Be Named Sony Music Nashville CEO

    April 15, 2010 12:00 AM EDT Sony Music Nashville will announce Gary Overton as its new CEO this afternoon, sources tell Billboard.biz. Overton, currently EMI Music Publishing Nashville's executive VP and GM, will replace Joe Galante , who announced yesterday that he is ...

  23. Blur Returns For Record Store Day

    April 09, 2010 12:00 AM EDT U.K. rock act Blur, which reformed for dates last summer, has recorded new material for release as part of Record Store Day. The 1,000 copies of the seven-inch vinyl single will be Blur's first new material since 2003. Details will be confirm ...

  24. Business Matters: EMI, The Beatles, HMV Bob Dylan and More

    April 05, 2010 12:00 AM EDT Business Matters is a daily column that offers insight, analysis and opinion on the day's news. -- Last week, EMI rushed to close a deal to license its catalog to either Universal Music Group or Sony Music . But not having the legal right to ...

  25. April Fools' Day Hits The Music Biz

    April 01, 2010 12:00 AM EDT People across the country spent a portion of Thursday trying to decide what news items were real and which weren't. Here are a few of the April Fools' Day pranks that hit the music industry. One prank that may have snared a few people wh ...

  26. Business Matters: EMI, Sony Music, Project Playlist, AOL and More

    March 29, 2010 12:00 AM EDT - EMI has moved closer to a deal with Sony Music to license its North American recorded music catalog, according to the Telegraph. ( The Telegraph ) -- Industry trade group UK Music is calling for a new government cabinet committee to shape polici ...

  27. British Music Sales Hold Steady In 2009

    March 23, 2010 12:00 AM EDT The U.K.'s recorded music sales held up in 2009 and performed better in a year-on-year comparison than video and computer games, according to new retail sales data published by the Entertainment Retailers Association (ERA). The trade body ...

  28. BMG Rights Plans Acquisitions, Would Look At EMI

    March 23, 2010 12:00 AM EDT Thomas Rabe, CFO Bertelsmann, gave his reaction during a press conference in Berlin to a question by Billboard.biz on whether reports were correct that Bertelsmann is interested in a purchasing of parts of EMI via its BMG Rights Management operati ...

  29. Universal Music Says Not In talks On EMI

    March 23, 2010 12:00 AM EDT Universal Music Group is not holding talks with Terra Firma about a deal for struggling EMI, a UMG spokesman said. Speculation has swirled in recent weeks that private equity owners Terra Firma could look to sell certain EMI assets or break the gr ...

  30. Business Matters: Bertelsmann CFO On EMI, Rabid Neurosis and More

    March 23, 2010 12:00 AM EDT -- Bertelsmann 's CFO has expressed tempered interest in the music publishing assets of EMI . "If EMI is on the market, we will look at it," Thomas Rabe said on Tuesday (March 23). "But I'm not aware that EMI is currently ...

  31. Report: EMI In Licensing Talks To Raise $601 Million

    March 22, 2010 12:00 AM EDT EMI is in talks to allow rival labels to manage its back catalog in order to raise funds and prevent a takeover from its lender, reported the Sunday Times. EMI, owned by Guy Hands' private equity group Terra Firma, is trying to put in place a ...

  32. Business Matters: WMG, EMI, Rhapsody, Sonos and more

    March 15, 2010 12:00 AM EDT - Over the weekend, The Telegraph reported that private equity firm KKR is in talks with Warner Music Group to break up EMI . KKR, which last year created a music publishing joint venture with Bertelsmann, is said to desire EMI’s music publishing ...

  33. KKR, Warner Music Eye Break-up Bid For EMI: Report

    March 15, 2010 12:00 AM EDT Private equity firm KKR and Warner Music Group are in talks to launch a break-up bid for Warner's indebted British rival EMI, reported the Sunday Times. The paper said KKR is interested in acquiring the music publishing arm of EMI, which it s ...

  34. EMI Flips Switch On New Nashville Label

    March 12, 2010 12:00 AM EST A new Nashville imprint dubbed EMI Records Nashville has launched as a sister-label to Capitol Nashville. Singer/songwriter Troy Olsen is the first artist on the roster. His debut album is slated for release later this year. Angela Lange, most rec ...

  35. Pink Floyd Wins U.K. Court Battle With EMI

    March 11, 2010 12:00 AM EST Pink Floyd won its court battle with EMI on Thursday (March 11) with a ruling that prevents the record company from selling single downloads on the Internet from the group's concept albums. The outcome of a dispute over the level of royalties ...

  36. EMI Watchers Praise, Critique Leoni-Sceti Legacy

    March 10, 2010 12:00 AM EST While it's unclear whether EMI Music CEO Elio Leoni-Sceti resigned effective March 31 because he jumped or because he was pushed, industry insiders say EMI Music chairman Charles Allen’s expanded executive role has come to the right man at th ...

  37. OK Go Splits With EMI

    March 10, 2010 12:00 AM EST OK Go has left EMI and will re-release its latest album, "Of The Color of Blue Sky," on its own Paracadute Recordings label. The group has another viral video hit on its hands, but the latest came after a public flare-up over an EMI poli ...

  38. Pink Floyd Goes To Court In Royalty Row With EMI

    March 09, 2010 12:00 AM EST Pink Floyd has begun legal action against EMI Group over the way royalty payments are calculated in the digital era. The group's lawyer, Robert Howe, told the High Court in London that the band was disputing the way royalties for online sales ...

  39. IFPI: $1 Million To Break An Act

    March 09, 2010 12:00 AM EST The IFPI has published a new report outlining the record labels' investment in music talent, which it says now reaches around $5 billion a year. That $5 billion includes A&R development and marketing, and represents around 30% of sales re ...

  40. Second Lawsuit Filed Over Terra Firma’s EMI Acquisition

    March 05, 2010 12:00 AM EST Citigroup is being sued by Colorado-based Sungate Securities, an investor in Terra Firma, over allegations the bank hid conflicts of interest during the sale of EMI, according to Bloomberg . This is the second lawsuit surrounding Terra Firma’s 4 b ...

  41. WMG Onboard With Dailymotion Video Service

    March 05, 2010 12:00 AM EST Warner Music Group has joined EMI in licensing its music video catalog to the French-based Dailymotion online video service. The deal covers the U.S., Europe and Africa, allowing Dailymotion users to view Warner videos on-demand, which includes mu ...

  42. Ruling By End March In EMI Deal Dispute

    March 05, 2010 12:00 AM EST A U.S. judge said he would rule by the end of March on whether or not to grant a request by Citigroup Inc to move a lawsuit by Terra Firma Capital Partners Ltd to London in a dispute over the buyout house's acquisition of EMI. Terra Firma cha ...

  43. Gang Starr's Guru In Coma After Heart Attack

    March 01, 2010 12:00 AM EST Rapper Guru, who rose to fame with pioneering group Gang Starr and later released a series of successful solo albums under the "Jazzmatazz" banner, is in a coma after suffering a heart attack and will undergo surgery today (Mar. 1), acco ...

  44. Report: EMI Brings In Director

    February 26, 2010 12:00 AM EST EMI has appointed Peter Williams to the board of one of its holding companies, as its buyout house Terra Firma tries to sort out the loss-making record label's finances, the Daily Telegraph reported on Friday (Feb. 26). Williams, a former bos ...

  45. EMI Appeals Men At Work Plagiarism Ruling

    February 25, 2010 12:00 AM EST EMI has appealed against a court ruling that found Men at Work had plagiarized a children's song in their '80s hit "Down Under." A Federal Court judge earlier this month found that Men At Work's popular tune had reproduced ...

  46. Business Matters: The Vitality Of The Album Format, 'American Idol,' EMI Christian and more

    February 24, 2010 12:00 AM EST Business Matters is a daily column that offers insight, analysis and opinion on the day's news. Follow Billboard senior analyst Glenn Peoples on Twitter at twitter.com/billboardglenn . -- Don't look now, but a few people are recognizing ...

  47. U.K. Govt Steps In To Protect Abbey Road

    February 23, 2010 12:00 AM EST Following speculation over the sale of Abbey Road studios, the U.K. government has listed the building at Grade II, which gives it a protected status. The 1830s villa at No. 3 Abbey Road in north London was given Grade II status based on the histo ...

  48. EMI Says Wants To Hold On To Abbey Road Studios

    February 22, 2010 12:00 AM EST EMI wants to retain ownership of the Abbey Road recording studios, immortalized by the Beatles album of the same name, though it is talking to other parties about revitalizing the site, the major said. A source familiar with the situation told Reu ...

  49. Ad-Supported Guvera To Launch in U.S. on March 30

    February 19, 2010 12:00 AM EST Ad-supported music service Guvera announced at its New York City launch party that it will launch in the U.S. on March 30. The Australia-based company also announced at the Feb. 18 event that it has licensing deals with INgrooves, BMI, the Harry F ...

  50. National Trust May Save Abbey Road Studios

    February 18, 2010 12:00 AM EST Britain's National Trust may intervene to protect the Abbey Road studios where the Beatles recorded most of their hits. The London studios are being put up for sale by EMI. The possibility that the studios might fall into private hands and be ...

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