EMI Music Publishing
EMI Music Publishing Ltd. is a British multinational music publishing company headquartered in London, owned by parent company Sony Corporation of America.
| Industry | Music entertainment |
|---|---|
| Founded | 1974 in London, United Kingdom |
| Founder | EMI |
| Fate | fully acquired by Sony Music Publishing and became an in-name-only unit of it |
| Headquarters | London , United Kingdom |
Area served | Worldwide |
| Services | Music publishing |
| Owner | Sony Music Publishing |
| Parent | Sony Corporation of America |
| Website | www |
In May 2018, Sony Music Publishing agreed to increase its stake in EMI to 90%, pending regulatory approval. Sony has agreed to pay $2.3 billion to acquire EMI, as well as assume EMI's debt of $1.359 billion. In July 2018, Sony bought out the Michael Jackson estate's 10% stake in EMI for $287.5 million. 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 Music Publishing completed its acquisition of EMI, which was completely merged into Sony Music Publishing. Following these transactions, Sony owned 100% of EMI Music Publishing.
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 the Motown Records catalogue, and classic songs by Carole King and Queen, along with contemporary releases by Kanye West, Blink-182, Drake, Pharrell Williams, Sam Smith, P!nk, Calvin Harris and Sia. EMI owns the recorded catalogue of Philles Records, with distribution handled by Sony's division Legacy Recordings.