|EMI Group Ltd|
|Headquarters||London, England, UK|
|Key people||Guy Hands, Chairman|
|Revenue||£2. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Guy Hands (born 1959 is a British Financier and investor He is the founder and CEO of the Private equity firm Terra Firma Capital Partners For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Music is an Art form in which the medium is Sound organized in Time. In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 07 billion (2006)|
|Net income||£260 million loss (2007)|
|Employees||5,500 (January 2008)|
|Website||EMI Group website|
The EMI Group is a British music company comprised of the major record company EMI Music – which operates several labels and is based in Kensington in London, England, United Kingdom – and EMI Music Publishing, based in New York. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located In the Music industry, a record label can be a Brand and a Trademark associated with the Marketing of music recordings and Music Kensington is a district of West London, England within the Royal Borough of Kensington and Chelsea, located west of Charing Cross. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The City of New York EMI Music is one of the "big four" record companies. The music industry is the business of Music. Although it encompasses the activity of many music-related businesses and organizations it is currently dominated by the "big
EMI has been owned by Terra Firma Capital Partners since August 2007. Terra Firma Capital Partners (TFCP is a European Private equity firm with offices in London and Frankfurt employing over 100 people  Terra Firma bought EMI for £3. 2 billion after a dramatic decline in sales and the announcement that EMI had sustained a loss of £260 million in 2006/2007.  At the same time, EMI's British market share dropped from 16% to 9%. Following the transition, several important artists walked out of EMI, including Radiohead. Radiohead Paul McCartney left ahead of the takeover. Sir James Paul McCartney, MBE (born 18 June 1942 is an English rock Singer, Bass guitarist songwriter Composer,  The Rolling Stones have signed a one-album deal outside of their contract with EMI, which expired on February 2008. 
Guy Hands, CEO of Terra Firma Capital Partners, came to EMI with restructuring plans to cut 1500–2000 jobs to reduce costs by £200 million a year. Guy Hands (born 1959 is a British Financier and investor He is the founder and CEO of the Private equity firm Terra Firma Capital Partners In January 2008, EMI's UK chief executive Tony Wadsworth left the company after 25 years. Tony Wadsworth is a British Radio presenter who can currently be heard on BBC Radio Leicester, where he presents the mid-morning show from Monday to Friday The cuts take effect over the year 2008, and would affect up to a third of EMI's 5500 staff. 
The Electric and Musical Industries Ltd formed in March 1931 from the merger of the UK Columbia Graphophone Company and the Gramophone Company, famous at the time for its record label "His Master's Voice". Year 1931 ( MCMXXXI) was a Common year starting on Thursday (link will display full 1931 calendar of the Gregorian calendar. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The Columbia Graphophone Company was one of the earliest Gramophone companies in the United Kingdom. The Gramophone Company, based in the United Kingdom, was one of the early recording companies, and was the parent organization for the famous "His Master's Voice" His Master's Voice, today usually abbreviated to HMV, is a famous Trademark in the music business and for many years was the name of a large record label From its beginning, the company was involved in both the manufacture of recording and playback equipment and the provision of music to play on its machines.
The company's gramophone manufacturing led to forty years of success with larger-scale electronics. Electronics refers to the flow of charge (moving Electrons through Nonmetal conductors (mainly Semiconductors, whereas electrical Alan Blumlein, a skilled engineer employed by EMI, conducted a great deal of pioneering research into stereo sound recording. Alan Dower Blumlein ( June 29, 1903 in Hampstead, London – June 7, 1942) was an Electronics Engineer Blumlein was tragically killed in 1942 whilst conducting trials on an experimental H2S radar unit. The H2S Radar was used in bombers of RAF Bomber Command. It was designed to identify targets on the ground for night and all-weather bombing During and after World War II, the EMI Laboratories in Hayes, Hillingdon developed radar equipment and guided missiles. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including Hayes is a town in the London Borough of Hillingdon. It is a suburban development situated 13 miles (20 Radar is a system that uses electromagnetic waves to identify the range altitude direction or speed of both moving and fixed objects such as Aircraft, ships A missile (see also pronunciation differences) is a self-propelled explosive Projectile used as a weapon towards a target The company later became involved in broadcasting equipment, notably providing the first television transmitter to the BBC. For the band see Broadcast (band Broadcasting is the distribution of audio and/or Video signals which transmit Television ( TV) is a widely used Telecommunication medium for sending ( Broadcasting) and receiving moving Images, either monochromatic It also manufactured broadcast television cameras for British television production companies, mostly the BBC, although the commercial television ITV companies used them as well alongside cameras made by Pye and Marconi. Independent Television (generally known as ITV) is a public service network of British commercial television broadcasters set up under the Independent This article is about the electronics company Pye Ltd. For other uses of Pye see Pye (disambiguation. Their most famous piece of broadcast television equipment was the EMI 2001 colour camera, which became the mainstay of both the BBC and several ITV companies in the 1970s and early 1980s. The EMI 2001 Broadcast Video Camera was an early very successful British made Plumbicon Video Camera that included the lens Independent Television (generally known as ITV) is a public service network of British commercial television broadcasters set up under the Independent In 1958 the EMIDEC 1100, Britain's first transistorised computer, was developed at Hayes under the leadership of Godfrey Hounsfield. In Electronics, a transistor is a Semiconductor device commonly used to amplify or switch electronic signals A computer is a Machine that manipulates data according to a list of instructions. Sir Godfrey Newbold Hounsfield CBE FRS, ( 28 August 1919 &ndash 12 August 2004) was an English Electrical engineer In the early 1970s, Hounsfield developed the first CAT scanner, a device which revolutionised medical imaging. Computed tomography (CT is a Medical imaging method employing Tomography. Medical imaging refers to the techniques and processes used to create Images of the human body (or parts thereof for clinical purposes ( Medical procedures seeking to In 1979 Hounsfield won the Nobel Prize for his accomplishment. The Nobel Prize in Physiology or Medicine (Nobelpriset i fysiologi eller medicin is awarded once a year by the Swedish Karolinska Institute.  After brief, but brilliant, success in the medical imaging field, EMI's manufacturing activities were sold off to other companies, notably Thorn (see Thorn EMI). Thorn EMI was a major British company involved in consumer electronics music defence and retail Subsequently development and manufacturing activities were sold off to other companies and work moved to other towns such as Crawley and Wells.
Early in its life, the company established subsidiary operations in a number of other countries in the British Commonwealth, including India, Australia and New Zealand. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country For a topic outline on this subject see List of basic Australia topics. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island EMI's Australian and New Zealand subsidiaries dominated the popular music industries in those countries from the 1920s until the 1960s, when other locally owned labels (such as Festival Records) began to challenge EMI's market near monopoly. The 1920s is sometimes referred to as the " Jazz Age " or the " Roaring Twenties " when speaking about the United States and Canada Festival Mushroom Records was an Australian music recording and publishing company which was founded in Sydney in 1952 and operated until 2005
In 1931, the year the company was formed, it opened the legendary recording studios at Abbey Road, London. Abbey Road Studios, established in November 1931 by EMI in London, England, is a Recording studio located at number 3 Abbey Road, During the 1930s and 1940s, its roster of artists included Arturo Toscanini, Sir Edward Elgar, and Otto Klemperer, among many others. The 1930s were described as an abrupt shift to more radical and conservative lifestyles as countries were struggling to find a solution to the Great Depression. The 1940s decade ran from 1940 to 1949 Events and trends The 1940s was a period between the radical 1930s and the conservative 1950s which also leads the period to be WikipediaWikiProject Classical music#Biographical_infoboxes --> Arturo Toscanini (ɑrˈturɔ ˌtɔskɑˈnini (March 25 1867 &ndash January WikipediaWikiProject Classical music#Biographical_infoboxes --> Otto Klemperer (born Breslau, May 14, 1885 During this time EMI appointed its first A&R managers. Artists and Repertoire ( A&R) is the division of a Record label that is responsible for talent scouting and artist development These included George Martin, who later brought the Beatles into the EMI fold. Sir George Henry Martin CBE (3 January 1926 is a British record producer arranger and Composer. The Beatles were a pop and rock band from Liverpool, England formed in 1960
EMI released its first LPs in 1952 and its first stereophonic recordings in 1955 (first on reel-to-reel tape and then LPs, beginning in 1958).
In 1957, to replace the loss of its long-established licensing arrangements with RCA Victor and Columbia Records (Columbia USA cut its ties with EMI in 1951), EMI entered the American market by acquiring 96% of the stock of Capitol Records. Year 1957 ( MCMLVII) was a Common year starting on Tuesday (link displays the 1957 Gregorian calendar) RCA Records (originally The Victor Talking Machine Company, then RCA Victor is one of the flagship labels of Sony Music Entertainment. Columbia Records is an American Record label founded in 1888 Columbia is the oldest surviving Brand name in pre-recorded sound being the first record company Year 1951 ( MCMLI) was a Common year starting on Monday. Events of 1951 January Capitol Records is a major United States -based Record label owned by EMI and located in Hollywood California and New York City as From 1960 to 1995 their headquarters, "EMI House," was at 20 Manchester Square. Manchester Square is an 18th century garden square in the Marylebone area in London, England, a short distance north of Oxford Street. The stairwell is on the cover of the Beatles' "Please Please Me" album.
Its classical artists were largely limited to the prestigious British orchestras, such as the Philharmonia Orchestra. The Philharmonia is an Orchestra based in London. Since 1995 it has been based in the Royal Festival Hall. During the LP era very few U. S. orchestras had EMI as their principal recording company; an exception was the Pittsburgh Symphony, particularly during the years of William Steinberg's leadership. The Pittsburgh Symphony Orchestra ( PSO) is an American Symphony Orchestra, based at Heinz Hall in the Cultural District WikipediaWikiProject Classical music#Biographical_infoboxes --> William Steinberg ( August 1, 1899 &ndash
Under the management of Sir Joseph Lockwood during the late 1950s, 1960s and early 1970s, the company enjoyed huge success in the popular music field. Popular music is Music belonging to any of a number of musical styles that are accessible to the general public and are disseminated by one or more The groups and solo artists signed to EMI and its subsidiary labels -- including Parlophone, HMV, Columbia Graphophone and Capitol Records -- made EMI the best-known and most successful recording company in the world at that time, with a roster that included scores of major pop acts of the period including the Beatles, the Beach Boys, the Hollies, Cilla Black and Pink Floyd. Parlophone is a Record label, founded in Germany in 1896 by the Carl Lindström Company. His Master's Voice, today usually abbreviated to HMV, is a famous Trademark in the music business and for many years was the name of a large record label The Columbia Graphophone Company was one of the earliest Gramophone companies in the United Kingdom. The Beatles were a pop and rock band from Liverpool, England formed in 1960 The Beach Boys is an American rock band Formed in 1961 the group gained popularity for its close vocal harmonies and lyrics reflecting a California Youth culture The Hollies are an English Rock and roll band formed in the early 1960s. Cilla Black OBE (born Priscilla Maria Veronica White on 27 May, 1943) is an English Singer-songwriter and Television Pink Floyd are
By 1967 EMI converted HMV to an exclusively classical music label, shifting HMV's pop music roster to Columbia. Year 1967 ( MCMLXVII) was a Common year starting on Sunday (link will display full calendar of the 1967 Gregorian calendar. Classical music is a broad term that usually refers to mainstream music produced in or rooted in the traditions of Western liturgical and Secular music Pop music as a genre features a noticeable rhythmic element catchy melodies and hooks, a mainstream style and conventional structure In 1969, EMI established a new subsidiary label, Harvest Records, which signed groups in the emerging progressive rock genre, including Pink Floyd. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Harvest Records was a Record label created by EMI in 1969 to promote Progressive rock music and to compete with Philips' Vertigo and Progressive rock (often shortened to " progressive " " prog " or " prog rock " is a form of Rock music that evolved Pink Floyd are
Electric & Musical Industries changed its name to EMI Ltd in 1971 and the subsidiary Gramophone Company became EMI Records Ltd in 1973. Year 1971 ( MCMLXXI) was a Common year starting on Friday (link will display full calendar of the 1971 Gregorian calendar. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. In 1972, EMI replaced the Columbia label with EMI Records. Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. EMI Records is a Record label, founded by EMI in 1972 as the successor label to the Columbia label In February 1979, EMI Ltd acquired United Artists Records and with it Liberty Records. Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) United Artists Records was a Record label founded by Max E Youngstein of United Artists in 1958 initially to distribute Soundtracks Liberty Records was a United States -based Record label. It was started by chairman Simon Waronker in 1955 with Alvin Bennett as president
In October of 1979 THORN Electrical Industries merged with EMI Ltd to form Thorn EMI. Thorn Electrical Industries Limited was founded by Jules Thorn in March 1928 as The Electric Lamp Service Company Ltd Thorn EMI was a major British company involved in consumer electronics music defence and retail
In 1989 Thorn EMI bought a 50% interest in Chrysalis Records, buying the outstanding 50% in 1991. Year 1989 ( MCMLXXXIX) was a Common year starting on Sunday (link displays 1989 Gregorian calendar) Chrysalis Records was a British Record label that was created in 1969 Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. In one of its highest-profile and most expensive acquisitions, Thorn EMI took over Richard Branson's Virgin Records in 1992. Sir Richard Charles Nicholas Branson (born 18 July 1950 is an English Business magnate, best known for his Virgin brand of over 360 companies Virgin Records is a British Record label founded by English entrepreneur Richard Branson, Simon Draper, and Nik Powell
On August 16, 1996, Thorn EMI shareholders voted in favour of demerger proposals. The resulting media company was known by the name EMI Group PLC.
Since the 1930s, Shanghai's Baak Doi had been published under the EMI label. Shanghai ( 上[[wikt 海|海]] is the largest city in China in terms of population and one of the largest urban areas in the world with over 20 million Pathé Records ( literally "hundred generations" is the first major record company in Shanghai, China and later Hong Kong. Since then, EMI had also been the dominant label in the cantopop market in Hong Kong. Cantopop (Chinese 粵語流行曲 is a colloquial Portmanteau for " Cantonese popular music ". Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders EMI divested totally from the c-pop market between the years 2004-2006. C-pop () is an abbreviation for " Chinese Popular music ". After that, all Hong Kong music artists previously associated with EMI have had their music published by Gold Label, a concern unaffiliated with EMI and with which EMI does not hold any interest. Gold Label Records is an independent Hong Kong -based entertainment company launched with the support of EMI.
On 2nd April 2007, EMI announced it would begin releasing its music in DRM-free formats. Events 68 - Galba, Governor of Hispania, names himself legatus senatus populique Romani, breaking the line of Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Digital rights management ( DRM) is a generic term that refers to Access control technologies used by hardware manufacturers publishers and Copyright holders Initially they are rolling out in superior sounding high-bitrate AAC format via Apple's iTunes Store (under the iTunes Plus category) . The iTunes Store is a software-based online Digital media store operated by Apple Inc The tracks will cost $1. 29/€1. 29/£0. 99. Legacy tracks with FairPlay DRM will still be available for $0. FairPlay is a Digital rights management (DRM technology created by Apple Inc 99/€0. 99/£0. 79 - albeit with lower quality sound and DRM restrictions still in place. Users will be able to ‘upgrade’ the EMI tracks that they have already bought for $0. 30/€0. 30/£0. 20. Albums are available at the same price as their lower quality, DRM counterparts. Music videos from EMI will also be DRM-free. The higher-quality, DRM-free files became available worldwide on iTunes on May 30, 2007, and are expected to show up on other music download services soon.
Since then Universal Records has also announced sales of DRM-free music (which they described as an experiment).
On December 15, 2005, Apple Records, the record label representing the Beatles, launched a suit against EMI for non-payment of royalties. Events 533 - Byzantine general Belisarius defeats the Vandals, commanded by King Gelimer, at the Battle of Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Apple Records is a record label founded by The Beatles in 1968 as a division of Apple Corps Ltd. The Beatles were a pop and rock band from Liverpool, England formed in 1960 The suit alleges that EMI have withheld $50 million from the record label. An EMI spokesman noted that audits of record label accounts are not unusual, confirming at least two hundred such audits have been performed, but that they rarely result in legal action.  A legal settlement was announced on April 12, 2007. Events 467 - Anthemius is elevated to Emperor of the Western Roman Empire. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Terms were undisclosed. 
In May 2006, EMI attempted to buy Warner Music Group, which would have reduced the world's four largest record companies (Big Four) to three; however, the bid was rejected. Warner Music Group (WMG is the third-largest of the "big four" major record labels, the others being Sony BMG, EMI, and Universal The music industry is the business of Music. Although it encompasses the activity of many music-related businesses and organizations it is currently dominated by the "big 
Warner Music Group launched a Pac-Man defense, offering to buy EMI. The Pac-Man defense is a defensive option to stave off a hostile takeover in which a company that is threatened with a hostile takeover acquires its would-be buyer EMI rejected the offer. Representatives from both sides are thought to be still having meetings and deciding if one company will buy the other, however the European Commission's decision to overturn a previous decision allowing a similar merger between Sony and BMG is likely to have raised issues as to the wisdom of pursuing such a move at this time.
By most measures, a merged company of EMI and WMG would be even bigger than Sony BMG. Concerns regarding the creation of a monopoly may mean WMG will not receive approval from the European Commission. The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. However Impala, a large independent, non-profit trade association of indie music labels, has given the Warner Music its blessings to acquire EMI, the third-largest music group. In return, it is suggested that the newly merged company will take responsibility for:
On May 21, 2007 the board of EMI Group publicly recommended to the shareholders a takeover bid by private equity firm Terra Firma Capital Partners valued at £3. In Finance, private equity is an Asset class consisting of equity Securities in operating companies that are not Publicly traded on Terra Firma Capital Partners (TFCP is a European Private equity firm with offices in London and Frankfurt employing over 100 people 2bn including debt. Dresdner Kleinwort acted as sole financial adviser and broker to Terra Firma. EMI's sales had declined dramatically in the recent months, making a loss of £260m in the past year. EMI's board of directors recommended the 265 pence per share offer from Terra Firma, however the deal needed to be approved by the firm's shareholders. 
On June 14, 2006 EMI received an initial unsolicited alternative proposal from Warner Music to acquire all of the share capital of EMI for 315 pence per share in cash. The Board of EMI considered this proposal from Warner Music to be wholly unacceptable and unanimously rejected it.
The shares of EMI traded significantly higher than the offer price since the takeover offer, suggesting the takeover attempt would probably fail. Indeed, Terra Firma (Maltby) was only offered some 3% of the outstanding shares by 27 June 2007, while it wanted to acquire more than 90%. Terra Firma then extended the offer period by a week until July 4th 2007, but did not obtain a significant amount of shares. Terra Firma subsequently extended its desperate bid by a further week until July 12th 2007. The shares continued to trade significantly above the offer price as holders realised the value of the company is much higher than the offer proposed by the private equity group. In Finance, private equity is an Asset class consisting of equity Securities in operating companies that are not Publicly traded on Terra Firma got no significant amount of shares tendered until July 12th, and extended the offer by a further week until July 19th, still not giving up. Terra Firma has now reached a 90% acceptance level, which allows the firm to declare the offer wholly unconditional and issue 429 notices, meaning that the now minority shareholders in the company are forced to sell.
EMI Group plc was delisted from the London Stock Exchange on September 18, 2007. The London Stock Exchange or LSE is a Stock exchange located in London, England. Terra Firma bought EMI for £3. 2 billion after a dramatic decline in sales, and announcement that EMI had incurred a £260 million loss for 2006/2007. At the same time, EMI's British market share dropped from 16% to 9%. Following the transition, several important artists walked out of EMI. 
See List of EMI labels. This is a list of labels under the EMI banner Label Groups Angel Music Group Angel Records (UK Innocent
EMI has signed many popular artists from multiple genres, including:
As well as the well-known record label the group also holds EMI Music Publishing, which is the largest music publisher in the world. This article deals with contemporary Popular music publishing As is often the case in the music industry, the publishing arm and record label are very separate businesses.