June 29, 2012 |
Sony Corp.'s deal to acquire EMI's publishing assets has cleared U.S. and European regulatory hurdles and was closed Friday, the companies said. EMI's catalog will be merged with Sony's to create a library of more than 2 million songs, making the combined entity the world's largest music publisher. The deal, announced last November, called for an investor group led by Sony to pay $2.2 billion for EMI's rights to 1.3 million songs, including those written by David Bowie, Stevie Wonder and others.
February 17, 1998 |
Roy Lott, former executive vice president of Arista Records, has been named deputy president of EMI Records North America, the domestic arm of EMI Group, home to such pop stars as the Spice Girls, Rolling Stones and Garth Brooks. Lott, who worked at Arista for nearly 19 years, is expected to take over the post March 16 and will report to Ken Berry, president of EMI Recorded Music, the British conglomerate that includes such record labels as Virgin and Capitol Records.
September 7, 2006 |
British recording company EMI Group said it had signed an agreement with SpiralFrog, an ad-supported music downloading website, to provide U.S. Internet users with free access to the world's largest music catalog. Financial details weren't disclosed. New York-based SpiralFrog signed a similar agreement with Universal Music Group last month.
April 15, 2006 |
Sirius Satellite Radio Inc., the No. 2 U.S. pay-radio service, reached an agreement with EMI Group resolving concerns over a portable music player that lets users record and organize songs from digital radio. EMI Music North America and Sirius "resolved the issues" over Sirius' S50 portable player, Adam Grossberg, a spokesman for London-based EMI, said in an e-mail without providing details of the agreement.
February 1, 2007 |
EMI Group named two executives to its new Capitol Music Group, created last week with the combination of the Capitol and Virgin labels. Lee Trink was named president of Capitol Music and Jeff Kempler chief operating officer, reporting to Jason Flom, who was appointed chairman and chief executive of the group Jan. 25, EMI said. Both were executive vice presidents at Virgin.
April 16, 2003 |
Facing growing concerns among investors over boardroom compensation, music company EMI Group said it was scrapping controversial severance terms for two of its top executives. The British company said Chairman Eric Nicoli and Finance Director Roger Faxon would receive one year's severance pay instead of two in the event that they lose their jobs in a change of ownership.
January 30, 1998 |
EMI Group is about to renew the contract of Jim Fifield, president and chief executive of the British recording conglomerate, which is home to such pop stars as Garth Brooks, Janet Jackson and the Spice Girls. Representatives of Fifield and EMI declined comment, but sources say the 59-year-old executive is slated to sign a multimillion-dollar pact to run the company until 2002.
February 2, 2011 |
In an unexpected move, Citigroup Inc. took control of EMI Group but left untouched the management of the British music company that publishes such songwriters as Alicia Keys, Norah Jones and Kanye West. Citigroup's takeover of EMI surprised many in the music industry, which expected the New York bank to wait until EMI's former owner, Terra Firma Capital Partners, defaulted on its $5.4-billion loan before wresting control of the British record company. "Everyone thought Terra Firma had a bigger window," said Bob Lefsetz, a music industry analyst.