As a result, the UK chief executive Tony Wadsworth left EMI after 25 years in January 2008. Score. As a result, the South-East Asian market was the only region in the world where EMI was not in operation, although the record label continued to operate in Hong Kong and Indonesia (which is currently named Arka Music Indonesia). EMI has always been at the forefront of music around the world, bringing artists as diverse and influential as The Beatles, Queen, Pink Floyd, Robbie Williams, The Beach Boys and Maria Callas to international prominence. EMI Production Music, renowned market leader in music for media. 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) acquired by: Mute Records back catalogue and Virgin Music Publishing sold to: Chrysalis British catalogue (except 3 artists and Ramones) sold in 2016 to: EMI Group Limited (originally an initialism for Electric and Musical Industries, also referred to as EMI Records Ltd. or simply EMI) was a British transnational conglomerate founded in March 1931 in London. However, the rights to their albums originally on EMI America Records in North America stayed with Capitol. [54], On 12 November 2011, it was announced that EMI would sell its recorded music operations to Universal Music Group (UMG) for £1.2 billion ($1.9 billion) and its music publishing operations to Sony/ATV Music Publishing-for $2.2 billion. [81] It is estimated customers were overcharged by nearly $500 million and up to $5 per album. [67] The former EMI Records Ltd. was renamed Parlophone Records Ltd. in 2013,[68] when Warner Music Group acquired Parlophone Music Group which has the rights to the old EMI Records catalogue. Pop star Robbie Williams signed a six-album deal in 2002 paying him over £80 million ($157 million), which was not only the biggest recording contract in British music history at the time, but also the second biggest in music history[26] behind that of Michael Jackson. Subsequently, development and manufacturing activities were sold off to other companies and work moved to other towns such as Crawley and Wells. Meanwhile, the Korean branch of EMI (known as EMI Korea Limited) had its physical releases distributed by Warner Music Korea. Between the years 2004–2006, EMI then completely and totally divested itself from the c-pop market, and after that, all Hong Kong music artists previously associated with EMI had their music published by Gold Label, a concern unaffiliated with EMI and with which EMI did not yet hold any interest. During the 1930s and 1940s, its roster of artists included Arturo Toscanini, Sir Edward Elgar, and Otto Klemperer, among many others. [35] Following the transition, several artists including Radiohead left EMI, while other artists such as Paul McCartney had left ahead of the takeover. Read more EMI Music is one of the world’s leading music companies, home to some of the most successful and best known recording artists. EMI also owns the recorded catalogue of Philles Records, with distribution handled by Sony's Legacy Recordings. [59], On 21 September 2012, the sale of EMI to UMG was approved in both Europe and the United States by the European Commission and the Federal Trade Commission respectively. [7][8] 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. Universal Music Group completed its acquisition of EMI on 28 September 2012,[61] followed by worldwide compliance and complete rebranding by 1 April 2013. During and after World War II, the EMI Laboratories in Hayes, Hillingdon developed radar equipment (including the receiver section of the British Army's GL-II anti-aircraft fire-control radar), microwave devices such as the reflex klystron oscillator (having played a crucial role in the development of early production types following on from the British Admiralty Signal School's pioneering NR89, the so-called "Sutton tube"), electro-optic devices such as infra-red image converters, and eventually guided missiles employing analogue computers. [32], After a decline in the British market share from 16% to 9%, and the announcement that it had sustained a loss of £260 million in 2006/2007,[33][34] in August 2007 EMI was acquired by Terra Firma Capital Partners[33] for £4.2 billion. Acquiring Sparrow Records. [ 22 ] integrated company produced sound recordings as well as recording and playback.... 2013 ). 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