by Zach Shaw | Oct 27, 2011 | Label Moves
Though the record industry as a whole is going through a rough time, EMI has especially experienced its fair share of trouble. That’s why it’s no surprise that Citigroup Bank is anxious to sell the famed label less than a year after acquiring it from equity firm Terra...
by Bram Teitelman | Feb 1, 2011 | Label Moves
EMI, one of the big four label groups, has been sold to Citigroup. The group was sold by Terra Firma, an equity firm that had bought it in 2007 for $4.2 billion. The label group was acquired in a debt for equity swap, which reduces EMI’s debt from 3.4 billion...
by Bram Teitelman | Feb 15, 2010 | Bad Deals, Gloom And Doom
According to court documents filed in New York, the chairman of Terra Firma Capital Partners Ltd., owners of EMI Group, proposed to break up the music company in November. Guy Hands proposed splitting the group’s music publishing and recorded music divisions in...