Minos EMI
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| Subsidiary | |
| Industry | Music |
| Founded | 1931 |
| Headquarters | Athens, Greece |
| Parent | Universal Music Group |
| Website | www |
Minos EMI is a record company based in Athens, Greece. The company serves as the Greek record label and offices of the multinational Universal Music Group.
EMI is credited for founding the record business in Greece in the 1930s, by producing the first records and building the country's first recording studio.
In 1930, British Columbia Graphophone Company and Gramophone Company, which a year later merged to form EMI Group, formed a partnership along with Greek investor Lambropoulos Brothers Limited to produce records in Greece. By 1931, company operations were in full swing and the first disc produced in Greece had been pressed under the company name EMIAL. After five years of using the halls of large hotels to record songs, EMIAL built Greece's first recording studio and became the front runner in the Greek music industry for many years. The company continued to be incorporated as EMIAL, although it predominantly used the trade name EMI Greece. EMI's domestic Greek releases during this period generally came out bearing the company's British legacy labels, including Columbia, HMV, and Parlophone, as well as the Odeon label.
In 1991, EMIAL purchased a controlling share of Minos Matsas & Son, founded by pioneering Greek music industry executive and prominent rebetiko musician Minos Matsas, an relaunched the company under the name Minos EMI. At the time of the acquisition, "Minos Matsas & Son" was led by Makis Matsas, who became CEO of the new entity. It was identified that Minos EMI would command one-third of the Greek market, as Minos Matsas & Son held a 22% market share, while EMIAL held 9%.
The labour union at Minos Matsas & Son was unsatisfied that EMI Greece (EMIAL) was now controlling Minos Matsas, as EMI Greece opted to engage in layoffs at Minos Matsas, instead of integrating the existing company into EMI Greece's operations. The two distribution centers merged at EMI Greece's historical building, which was located in the Athens suburb of Rizoupoli, while most of the remaining staff joined Minos Matsas' offices on Messogeion Avenue. EMI Greece CFO Panayotis Papalimberis was retained, while the artistic direction went to Minos A&R managers: Achileas Theofilou, Elias Benettos and Vangelis Yannopoulos. EMI Greece's foreign repertoire manager, Manos Xydous, was chosen to undertake a domestic A&R role by launching the EMI label Harvest Records as a domestic repertoire imprint. Costas Bourmas was hired as Managing Director, who came from the same position at Sony Music Greece.
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Wikipedia