EMI

EMI Group Limited
Company type	Private
Industry	Music
Predecessor	Columbia Graphophone Company; Gramophone Company
Founded	31 March 1931
Defunct	28 September 2012
Fate	Broken up:; EMI Music Publishing acquired by a consortium led by Sony/ATV Music Publishing comprising Sony Corporation of America; The Estate of Michael Jackson; Mubadala Development Company PJSC; Jynwel Capital Limited; The Blackstone Group's GSO Capital Partners LP; David Geffen (Currently wholly owned by and absorbed into Sony/ATV); Warner Music Group acquired Parlophone, Chrysalis Records (UK artists and Ramones catalogue until 2016), EMI Classics, Virgin Classics, 2CD Originals Series and EMI's Belgian, Czech/Slovak, Danish, French, Norwegian, Polish, Portuguese, Spanish and Swedish operations (including Russian EMI partner SBA/Gala and Chinese EMI partner Gold Typhoon); Universal Music Group acquired Capitol Records, Virgin Records, The Blue Note Label Group and Positiva Records amongst the bulk.; BMG Rights Management acquired Mute Records and Virgin Music Publishing; Blue Raincoat Music (parent since 2019 is Reservoir Media Management) in 2016 acquired the Chrysalis British catalogue (except 3 artists and Ramones);
Successor	EMI Music Publishing; Virgin EMI Records; EMI Records Nashville; Minos EMI; Studios 301
Headquarters	Westminster, London, England, United Kingdom
Area served	Worldwide
Key people	Founding CEO Lenard John Brown ; Roger Faxon (Former CEO) ; Ruth Prior (Former CFO)
Revenue	£1.072 billion (2009); $1.65 billion (2009)
Operating income	£163 million (2009); (EMI Music); £135 million (2009); (EMI Music Publishing)
Owner	Terra Firma Capital Partners (2007–2011); Citigroup (2011 – 28 September 2012); Universal Music Group (28 September 2012 – present) (EMI Group); Sony/ATV Music Publishing (28 September 2012 – present) (EMI Music Publishing); Warner Music Group (7 February 2013 – present) (EMI Records Ltd; renamed Parlophone Records Ltd.);
Number of employees	5,500 (2008)
Subsidiaries	EMI Records; Virgin Records; Capitol Records; Parlophone;
Website	universalmusic.com; parlophone.co.uk; sonymusicpub.com;

EMI Group Limited (formerly EMI Group plc until 2007; originally an initialism for Electric and Musical Industries, also referred to as EMI Records or simply EMI) was a British transnational conglomerate founded in March 1931 in London. At the time of its acquisition by Universal Music in 2012, it was the fourth largest business group and record label conglomerate in the music industry, and was one of the "Big Five" record companies (now the "Big Three"). Its labels included EMI Records, Parlophone, Virgin Records, and Capitol Records, which are now referenced under Universal Music due to their acquisition with the exception of Parlophone, as it is now owned by Warner Music.

EMI was listed on the London Stock Exchange, and was also once a constituent of the FTSE 100 Index, but faced financial problems and US$4 billion in debt, leading to its acquisition by Citigroup in February 2011. Citigroup's ownership was temporary, as EMI announced in November 2011 that it would sell its music arm to Vivendi's Universal Music Group for $1.9 billion and its publishing business to a Sony/ATV consortium for around $2.2 billion. Other members of the Sony consortium include the estate of Michael Jackson, the Blackstone Group, and the Abu Dhabi–owned Mubadala Development Company. EMI's locations in the United Kingdom, the United States, and Canada were all disassembled to repay debt, but the primary head office located outside those countries is still functional.

EMI Music Publishing is now owned by Sony Music Publishing, the music publishing division of Sony Music which bought another 70% stake in EMI Music Publishing. Its Pakistani subsidiary is the largest record label in the country.

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