EMI

Last updated at 9:16 PM on 07th February 2010 EMI Music boss Elio Leoni-Sceti is sharpening his axe. The beleaguered Italian needs another GBP120million by June to stop US investment bank Citigroup taking control. A rescue plan including a...

In this article: Citigroup, Kylie Minogue, New York City, US, Private equity, KPMG, and Robbie Williams

...then in Britain the summit of the stock market before the credit crunch was marked by Hands's takeover of EMI for GBP4.2bn in 2007. EMI had a long and prestigious pedigree in recorded music - founded in 1897, pioneering discs over...

In this article: Guy Hands, Citigroup, Tax, Credit crunch, London, Time Warner, UK, and Elvis Presley

...Book Shop Compare Broadband Wine Shop Legal Store FlatShare Cruises HOME > MONEY > CITY & BUSINESS > EMI wants Citi to face the music EMI WANTS CITI TO FACE THE MUSIC EMI artists Kylie Minogue and Robbie Williams TERRA Firma, the...

In this article: Citigroup, London, Robbie Williams, Kylie Minogue, and New York

...the grim reality of EMI's results, another far happier figure caught Dashwood's eye. No, not the figure of EMI artist Katy Perry, but the company's charitable donations. Despite the financial meltdown EMI has been facing, it's still been...

In this article: Bank of Scotland, Private equity, Terence Conran, Katy Perry, and British Airways

...hand over a GBP120m lifeline. By Andrew Cave and Helia Ebrahimi Published: 9:13PM GMT 06 Feb 2010 EMI singer Lily Allen Photo: EPA EMI Music is drawing up plans for radical cost cuts, including a further reduction in its 3,500-strong...

In this article: Revenue, Citigroup, Private equity, Outsourcing, and Credit crunch

...earnings before interest, tax, depreciation and amortisation, accounts show an improvement in the underlying performance of both EMI Music and EMI Music Publishing before restructuring of GBP293m, 80pc higher than the previous period.

In this article: Citigroup, The Beatles, Legal recourse, Depreciation, Tax, Credit crunch, and KPMG

Poor music sales push EMI to heavy loss EMI relies heavily on its back catalogue Record company EMI has reported an annual pre-tax loss of GBP1.75bn in the year to 31 March 2009 and said it needed more money to stay afloat. The results...

In this article: Private equity, Citigroup, Cerberus Capital Management, Coldplay, and Radiohead

By Nick Clark and Alistair Dawber EMI, the music group owned by private equity firm Terra Firma, was hit by an operating loss of GBP1.03bn last year and today admitted it was in danger of breaching its banking covenants. The swing from a...

In this article: Private equity, Revenue, KPMG, Guy Hands, and Kylie Minogue

...dispute with Citigroup, which holds its massive GBP2.6bn debt. The results are expected to reveal that accountants think that EMI Music, the struggling recorded music arm, will fail to meet its lending terms. These will be tested on...

In this article: Citigroup, Private equity, Legal recourse, Revenue, and Credit crunch

The ownership of heavily indebted recorded music business EMI is set to be decided imminently after it was revealed it needed a GBP100m cash injection in order to meet its banking covenants. EMI needs �100m to meet covenants Photo: Jane...

In this article: Citigroup, Private equity, and New York