|Founded||1974London, United Kingdomin|
|Fate||fully acquired by Sony/ATV Music Publishing and became an in-name-only unit of it|
|Owner||Sony Corporation of America|
EMI Music Publishing Ltd. is a multinational music publishing company headquartered in London, United Kingdom.
In May 2018, Sony/ATV agreed to increase its stake in EMI to 90 percent, pending regulatory approval. The estate of Michael Jackson will continue to own 10 percent of the publisher.In July 2018, Sony bought out the Michael Jackson estate's stake in EMI for $287.5 million. Sony has agreed to pay $2.3 billion to acquire EMI, as well as assume EMI's debt of $1.359 billion. With Sony and Jackson's share valued at $1.091 billion that gives EMI Music Publishing a valuation of $4.75 billion. On 26 October 2018, the European Commission approved of Sony's acquisition of EMI. In November 2018, Sony/ATV completed its acquisition of EMI, which was completely merged into Sony/ATV. EMI currently exists for the artists that it signed pre-2012, effectively becoming an in-name-only unit of Sony Music Publishing.
EMI Music Publishing controls over 2 million songs; including classic songs by Queen, Carole King and the Motown catalog, along with contemporary releases by Kanye West, Blink 182, Drake, Sia, P!nk, Pharrell Williams, and Calvin Harris. EMI also owns the recorded catalogue of Philles Records, with distribution handled by Sony's Legacy Recordings.
The origins of EMI Music Publishing date back to the EMI Group's entry into music publishing in 1958 through the formation of Ardmore and Beechwood.In 1969, EMI greatly expanded its presence in music publishing through the acquisition of Keith Prowse Music for US$1.2 million in cash and 70,000 ordinary stock units. In 1973, EMI acquired Francis, Day & Hunter Ltd. In 1973, EMI acquired Affiliated Music Publishers for US$8.75 million. In 1974, EMI renamed its music publishing division as EMI Music Publishing. In 1976, EMI Music Publishing acquired the Screen Gems and Colgems music libraries from Columbia Pictures, making it a major publisher of film music. In 1989, EMI acquired SBK Entertainment, which included the MGM musical catalog. In 1990, EMI acquired Filmtrax, which included the Mills Music, Ivan Mogull, and Al Gallico catalogs.
In July 1997, Motown founder Berry Gordy sold a 50 percent stake in the label's Jobete Music publisher to EMI for $132 million.In 2003, EMI bought an additional 30% stake in Jobete for $120 million, then the final 20 percent in 2004 for $80 million.
In July 1999, EMI acquired 40,000 copyrights from Fujisankei's Windswept Pacific publisher (including the Morris Levy songs) for $200 million.
In May 2011, EMI Music Publishing began bundling performance rights previously represented by ASCAP with mechanical and synchronization rights.
In 2007, EMI agreed to be purchased by Terra Firma, a UK-based private equity, beating out Warner and others. The deal value was about $6.5 billion, including $4.7 billion for the shares listed in the London stock exchange, and about $2 billion of debt. The deal represented a very high multiple of EBITDA, meaning it added large debt to EMI.
After defaulting on its debt, Citigroup took over in early 2011 and weeks later announced that EMI would be split and sold off separately (music recording from the one hand, publishing on the other).
In November 2011, a consortium led by Sony agreed to acquire EMI Music Publishing from Citigroup, the owners of the EMI Group, for US$2.2 billion.(EMI Records was sold separately.) The acquisition was approved by the European Commission in April 2012, conditional upon the divestiture of the worldwide publishing rights to four catalogues - Famous Music UK, Virgin Europe, Virgin Music Publishing UK and Virgin US - and the musical works of 12 contemporary authors, including Bullet for My Valentine, Gary Barlow, Ben Harper, the Kooks, Lenny Kravitz, Ozzy Osbourne, Placebo (Famous Music), and Robbie Williams. Those catalogues, collectively known as "Rosetta", were acquired by BMG Rights Management in December 2012; the deal was finalized in May 2013. The acquisition was completed in June 2012 following receipt of necessary approvals from anti-trust regulators in the United States.
Sony, through its Sony/ATV Music Publishing unit, acquired about 30% of EMI Publishing. Still, it won the administration of the entire catalog, making Sony/ATV the largest music publishing administrator in the world. Other owners of EMI Publishing include Abu Dhabi wealth fund Mubadala, the Michael Jackson Estate, financial institutions, and billionaire David Geffen. The acquisition would put the Columbia-Screen Gems catalog back under common ownership with Columbia Pictures, which had sold the rights to EMI in 1976.
Jho Low, owner of Jynwel Capital, was charged by the US government in civil proceedings as part of the 1Malaysia Development Berhard (1MDB) scandal. The government attempted to seize Jynwel's stake in EMI Music,claiming it used illicit funds.
In July 2017, media reported that EMI Music was put up for sale.
In March 2018, Mubadala Investment Co., an Abu Dhabi sovereign wealth fund who was one of the buyers of EMI Publishing in 2012, has held talks with Sony and approached other possible buyers to sell its entire stake, according to the media. Mubadala is reportedly seeking a valuation of at least $4 billion, almost twice what the Sony-led group paid six years before.The process cannot formally start before end June 2018. EMI Publishing reportedly owns more than 2.1 million songs.
In August 2018, the Independent Music Companies Association (IMPALA) filed a complaint to the European Commission, asking them to block Sony/ATV's full acquisition of EMI.Warner Music Group and BMG Rights Management, which both acquired parts of EMI and its publisher in 2013, have also objected to the acquisition.
In October 2018, the British Academy of Songwriters, Composers, and Authors also objected to the buyout.Sony declined to offer any concessions to the European Commission, which will decide whether it will launch a full-scale investigation into the deal on 26 October.
As of May 2018, EMI Music Publishing included the publishing rights to over 2.1 million songs. Its day-to-day operations, including the administration of songs, are delegated to Sony/ATV Music Publishing.
EMI Music Publishing was named Publisher of the Year by Music Week every year for over 10 years; in 2009, EMI tied with Universal Music Publishing for the award.
Virgin Records Ltd is a British record label owned by Universal Music Group. It originally launched as an independent record label and was founded by entrepreneurs Richard Branson, Simon Draper, Nik Powell, and musician Tom Newman in 1972. It grew to be a worldwide success over time, with the success of platinum performers such as Paula Abdul, Janet Jackson, Devo, Tangerine Dream, Genesis, Phil Collins, the Human League, Culture Club, Simple Minds, Lenny Kravitz and Mike Oldfield among others, meaning that by the time it was sold, it was regarded as a major label, alongside other large international independents such as A&M and Island Records.
EMI Group Limited 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. Its labels included EMI Records, Parlophone, Virgin Records, and Capitol Records, which are now owned by other companies.
Universal Music Group is a global music corporation that is majority owned by the French media conglomerate Vivendi, with Chinese tech company Tencent owning a minority stake. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the "Big Three" record labels, along with Sony Music and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021.
Bertelsmann Music Group (BMG) was a division of German media company Bertelsmann before its completion of sale of the majority of its assets to Sony Corporation of America on 1 October 2008. Although it was established in 1987, the music company was formed as RCA/Ariola International in 1985 as a joint venture to combine the music label activities of RCA Corporation's RCA Records division and Bertelsmann's Ariola Records and its associated labels which include Arista Records. It consisted of the BMG Music Publishing company, the world's third largest music publisher and the world's largest independent music publisher, and the 50% share of the joint venture with Sony Music, which established the German American Sony BMG from 2004 to 2008.
Warner Music Group Corp. (WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner, WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world.
Sony Music Entertainment is an American global music company. Owned by the Japanese conglomerate Sony Group Corporation, it is part of the Sony Music Group, which is owned by Sony Corporation of America.
SBK Records was a record label, owned by Universal Music Group, that is currently part of the Capitol Music Group, where it is in hibernation. The label was founded in 1988 and during its time in activity existed as part of the EMI Group.
Universal Music Publishing Group (UMPG) is a North American music publishing company and is part of the Universal Music Group, a subsidiary of Vivendi and Tencent. It was formerly known as MCA Music Publishing until it merged with PolyGram.
In general, the music industry is one branch of the economy operating in parallel to other industries that produces a closely related set of good and services in the field of music. The music industry consists of the individuals and organizations that earn money by writing and performing songs and musical compositions, creating and selling recorded music and sheet music, and organizing and selling concerts, and the organizations that aid and represent music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who write songs and musical compositions; the singers, musicians, conductors, and bandleaders who perform the music; the record labels, music publishers, recording studios, music producers, audio engineers, retail and digital music stores, and performance rights organizations who create and sell recorded music and sheet music; and the booking agents, promoters, music venues, road crew, and audio engineers who help organize and sell concerts.
Sony Music Publishing is an American music publisher, part of the Sony Music Group owned by Sony Entertainment. The company was formed as Sony/ATV in 1995 with the merger of the original incarnation of Sony Music Publishing and ATV Music, which was owned by entertainer Michael Jackson. Jackson had purchased ATV Music, which included the Lennon–McCartney song catalog, in 1985.
Northern Songs Ltd was a limited company founded in 1963, by music publisher Dick James, artist manager Brian Epstein, and songwriters John Lennon and Paul McCartney of the Beatles to publish songs written by Lennon and McCartney. In 1965, it was decided to make Northern Songs a public company, to reduce their income tax burden.
Famous Music Corporation was the worldwide music publishing division of Paramount Pictures, a division of Viacom since 1994. Its copyright holdings span several decades and includes music from such Academy Award-winning motion pictures as The Godfather and Forrest Gump. It was founded in 1928 by Paramount’s predecessor, the Famous-Lasky Corporation, to publish music from its "talking pictures." Some of the classic songs in the Famous Music catalog that originated in motion pictures include "Moon River", "Thanks for the Memory", "Silver Bells", "Mona Lisa", "Where Do I Begin?", "Speak Softly, Love", "Up Where We Belong", "Footloose", "Take My Breath Away" and "My Heart Will Go On".
John Gregory Branca, is an entertainment lawyer and manager who specializes in representing rock and roll acts, as well as independent investors, music publishing catalogs, and independent music labels. He has represented over 30 acts in the Rock and Roll Hall of Fame, including The Rolling Stones, Michael Jackson, The Jackson 5, Carlos Santana, Aerosmith, The Beach Boys, ZZ Top, Fleetwood Mac, Bee Gees, Earth, Wind And Fire, John Fogerty and The Doors, which is believed to be more than any other entertainment attorney.
BMG Rights Management GmbH is an international music company based in Berlin, Germany. It combines the activities of a music publisher and a record label.
Primary Wave is a private music publishing and talent management company, with offices in New York City, Los Angeles, London, Austin, and Nashville. Primary Wave was founded in January 2006 by music executive Lawrence Mestel. Since its origin as a music publishing company, Primary Wave has expanded into talent management, film & TV production, digital marketing, and branding.
Robert (Rob) S. Wiesenthal is an American businessman.
Martin N. "Marty" Bandier is an American music industry executive who was the CEO/Chairman of Sony/ATV Music Publishing for 11 years.
Kobalt Music Group is an independent rights management and publishing company. Founded in 2000 by CEO Willard Ahdritz, Kobalt acts primarily as an administrative publishing company, not owning any copyrights. Also offering label services and neighboring rights, the company has developed an online portal to provide royalty income and activity to artists and allow them to manage their rights and royalties directly.
Hipgnosis Songs Fund is a British Guernsey-registered music IP investment and song management company founded by Merck Mercuriadis and Nile Rodgers in 2018. Focused on songs and associated musical intellectual property rights, it was founded on the premise that hit songs are long-term predictable assets unaffected by economic cycles that will increase in value as the worldwide music streaming market grows. In addition to acquiring songs and songwriter catalogues, the company manages the playlist, cover, interpolation, and synchronization revenues of its IP.