EMI (company)
 |
|
| Private company (1931–2012) | |
| Industry | Music entertainment |
| Fate |
Broken up:
Parlophone, Chrysalis Records, EMI Classics, Virgin Classics and EMI Records' Belgian, Czech, Danish, French, Norwegian, Portuguese, Spanish, Slovak and Swedish operations acquired by: Bulk of recording business acquired by: Mute Records back catalog and Virgin Music Publishing sold to: |
| Predecessor |
Columbia Graphophone Company Gramophone Company |
| Successor |
EMI Music Publishing Virgin EMI Records EMI Records Nashville Minos EMI Gold Typhoon |
| Founded | 31 March 1931 |
| Defunct | 28 September 2012 |
| Headquarters | Westminster, London, England, United Kingdom |
|
Area served
|
Worldwide |
|
Key people
|
Roger Faxon (Former CEO) Ruth Prior (Former CFO) |
| Revenue | £1.072 billion (2009) $1.65 billion (2009) |
| £163 million (2009) (EMI Music) £135 million (2009) (EMI Music Publishing) |
|
| Owner |
Terra Firma Capital Partners (2007–2011) Citigroup (2011–2012) Universal Music Group (2012–present); 5 years ago (EMI Group) Sony/ATV Music Publishing (2012–present); 5 years ago (EMI Music Publishing) Warner Music Group (7 February 2013–present); 4 years ago (EMI Records) (renamed Parlophone Records Ltd.) |
|
Number of employees
|
5,500 (2008) |
| Subsidiaries |
EMI Records Virgin Records Capitol Records Parlophone |
| Website |
universalmusic parlophone |
Broken up:
EMI Music Publishing acquired by consortium led by:
Parlophone, Chrysalis Records, EMI Classics, Virgin Classics and EMI Records' Belgian, Czech, Danish, French, Norwegian, Portuguese, Spanish, Slovak and Swedish operations acquired by:
Bulk of recording business acquired by:
Mute Records back catalog and Virgin Music Publishing sold to:
EMI Group Limited (or simply EMI, originally an initialism for Electric and Musical Industries and also referred to as EMI Records Ltd.) was a British multinational conglomerate founded in March 1931 in London. At the time of its break-up in 2012, it was the fourth-largest business group and family of record labels in the recording industry, and was one of the big four record companies (now the big three); its labels included EMI Records, Parlophone, Virgin Records, and Capitol Records.
The company was once a constituent of the FTSE 100 Index, but faced financial troubles and USD $4 billion in debt, leading to its acquisition by Citigroup in February 2011. Citigroup's ownership was temporary, as it announced in November 2011 it would sell its music arm to Vivendi's Universal Music Group for $1.9 billion and EMI's publishing business to a Sony/ATV consortium for around $2.2 billion. Other members of the Sony consortium include the Estate of Michael Jackson, The Blackstone Group, and Abu Dhabi–owned Mubadala Development Company. EMI's locations in United States, Canada, and the United Kingdom were disassembled to repay all debt, but the primary head office located outside these countries is still functional.
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Wikipedia