EMI Manhattan
 |
|
| Private company (31 March 1931–28 September 2012) Subsidiary (28 September 2012 – Present) |
|
| 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 EMI Taiwan |
| 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 (August 2007 to February 2011) Citigroup (February 2011 to 28 September 2012) Universal Music Group (28 September 2012–present); 4 years ago Sony/ATV Music Publishing (28 September 2012–present); 4 years ago |
|
Number of employees
|
5,500 (January 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 (officially EMI Group Limited, originally an initialism for Electric and Musical Industries and often known as EMI Records and EMI Music) was a British multinational conglomerate founded in March 1931 and was based 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 EMI Records Ltd. group of record labels included EMI Records, Parlophone, Virgin Records and Capitol Records. EMI also had a major publishing arm, EMI Music Publishing—also based in London with offices globally.
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 that 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 investment fund Mubadala Development Company. EMI's locations in United States, Canada and United Kingdom were disassembled to repay all debt but the primary head office located outside of these countries is still functional. .
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Wikipedia