It has brought the world everyone from The Beatles to Queen, Kate Perry and Coldplay. Now EMI is to have yet another new owner – or actually two.
Universal Music is to aquire the recorded music side of EMI, including the legendary Abbey Road studios in London for 1.4 billion euros from Citigroup. The music publishing operation is being sold separately, probably to Sony.
Many in music hope EMI is just being sold – not sold out. Pete Hutchison from independent label, Peacefrog Records said: “I hope that EMI continues in the shape and form it’s in now because they’re a good company. We use them for our distribution. Really good people. As long as it carries on, it’s a good thing.”
The move has pleased the Rolling Stones who left EMI for Universal in 2008. Frontman Mick Jagger said he was glad the company was again being run by people who had music in their blood.
- 1Pope Francis kisses hands of Holocaust survivors
- 23D, 360° virtual reality is ready to launch – on an adult film
- 3Bombing in Syria not World War III, says Russia’s EU ambassador
- 4Migrant crisis: Hungary poised to shut unofficial border crossings with Croatia
- 5Syria: We believe that Russia has the wrong strategy, says US
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Syrian refugee tripped by shamed camera woman is named
- 3Hungarian camera woman caught on video kicking and tripping migrants could face jail
- 4Hungarian reporter who tripped migrants apologises for her actions
- 5NASA discovers evidence of “liquid briny water” flowing on Mars
- 6Latest News Bulletin
- 7At least 220 dead in stampede outside Mecca, Saudi Arabia reports
- 8International breaking news | euronews online world breaking news in video
- 9What the top tweets worldwide are saying about #refugees
- 10Why aren’t rich Gulf states welcoming Syrian refugees…or are they?
- 11Why aren’t rich Gulf states welcoming Syrian refugees… or are they?
- 12Hungarian camerawoman fired after being filmed kicking migrants
- 13Which European countries offer the most social benefits to migrants?
- 14[Live] All the Rugby World Cup news in one place
- 15Spain: Catalan President faces ‘civil disobedience’ charges over breakaway vote
- 16International news | euronews, latest international news
- 17Banzai back in the vocabulary as Japan passes law allowing combat deployments
- 18Exclusive: shipwatchers chart Russian hardware heading into Med
- 19Migrant tripped up in Hungary gets Spanish football job
- 20Israel agents ‘incite’ stone-throwing in West Bank
Wires > News
- 01:02 CET Exclusive – GE nears deal to sell over $30 billion of loans to…
- 23:20 CET VW brand faces full-year loss on scandal costs – sources
- 22:00 CET Fed still plans rate hike this year, but not committed
- 21:23 CET Greece may return to economic growth in the middle of 2016 – EU
- 20:26 CET Hastings Insurance IPO priced at 170 pence a share
- 20:20 CET SABMiller declares new savings goal in defence against AB InBev
- 20:00 CET Leading economies agree plan to fight corporate tax avoidance
- 18:41 CET Intel to secure EU’s okay for $16.7 billion Altera deal – sources