EMI

EMI Group Limited
Private
IndustryMusic
FateBroken up:
EMI Music Publishing acquired by consortium led by:

Parlophone, Chrysalis Records (minority), EMI Classics, Virgin Classics and EMI Records' Belgian, Czech, Danish, French, German, Norwegian, Portuguese, Spanish, Slovak and Swedish operations acquired by:

Bulk of recording business acquired by:

Mute Records back catalog, Chrysalis Music and Virgin Music Publishing sold to:

Chrysalis Records (majority) sold to:

PredecessorColumbia Graphophone Company
Gramophone Company
SuccessorEMI Music Publishing
Virgin EMI Records
EMI Records Nashville
Minos EMI
Gold Typhoon
Founded31 March 1931; 87 years ago (1931-03-31)[4]
Defunct28 September 2012; 6 years ago (2012-09-28)
HeadquartersWestminster, 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)[5]
£135 million (2009)
(EMI Music Publishing)[6]
OwnerTerra 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)
SubsidiariesEMI Records
Virgin Records
Capitol Records
parlophone.co.uk

EMI Group Limited (originally an initialism for Electric and Musical Industries, also referred to as EMI Records Ltd. or simply EMI) was a British Transnational conglomerate founded in March 1931 in London. At the time of its break-up in 2012, it was the fourth largest business group and record label conglomerate in the music 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, which are now owned by other companies.

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.[7][8] Citigroup's ownership was temporary, as EMI announced in November 2011 that it would sell its music arm to Vivendi's Universal Music Group for $1.9 billion and its 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 the Abu Dhabi–owned Mubadala Development Company. EMI's locations in the United Kingdom, the United States, and Canada were all disassembled to repay debt, but the primary head office located outside those countries is still functional.[9]

It is currently owned by Sony/ATV Music Publishing (90% stake ownership), the music publishing division of Sony Music.[10][11]

History

EMI's former building in London. The building is now owned by Warner Music UK.

Electric and Musical Industries Ltd was formed in March 1931 by the merger of the Columbia Graphophone Company and the Gramophone Company, with its "His Master's Voice" record label, firms that have a history extending back to the origins of recorded sound. The new vertically integrated company produced sound recordings as well as recording and playback equipment.

Manufacturing

The company's gramophone manufacturing led to forty years of success with larger-scale electronics and electrical engineering.

Other Languages
Afrikaans: EMI
العربية: إيمي
asturianu: EMI
বাংলা: ইএমআই
беларуская: EMI
български: И Ем Ай
bosanski: EMI
català: EMI
čeština: EMI
dansk: EMI
Deutsch: EMI Group
eesti: EMI
español: EMI
فارسی: ایمی
français: EMI Group
Gaeilge: EMI
galego: EMI
한국어: EMI
հայերեն: EMI
हिन्दी: ईएमआई (EMI)
hrvatski: EMI
Bahasa Indonesia: EMI
italiano: EMI
עברית: EMI
ქართული: EMI
latviešu: EMI
lietuvių: EMI
magyar: EMI
Bahasa Melayu: EMI
Nederlands: EMI Music
日本語: EMI
norsk: EMI
norsk nynorsk: EMI
polski: EMI
português: EMI
română: EMI
русский: EMI
Scots: EMI
sicilianu: EMI
Simple English: EMI
slovenščina: EMI
srpskohrvatski / српскохрватски: EMI
suomi: EMI
svenska: EMI
Türkçe: EMI
українська: EMI
中文: EMI