Terra Firma

Citigroup Takes Back Record Company EMI from Terra Firma

Citigroup has foreclosed on U.K.-based record label EMI Group, taking it back from private-equity firm Terra Firma, which bought EMI from Citigroup for a whopping $4.7 billion in 2007.

Citigroup Could Claim EMI, Label of the Beatles, Pink Floyd

EMI, the legendary recording industry titan, is facing possible bankruptcy. The storied label responsible for releasing albums by the likes of the Beatles, Pink Floyd and Coldplay is in danger of defaulting on its debt and being taken over by Citigroup, its largest creditor.

Abbey Road Studios Headed for the Bargain Bin?

Abbey Road Studios in London, possibly the most famous music studio in the world and the place where the Beatles recorded most of their music, may be up for sale by financially strained British label EMI.

Never mind iTunes! The Beatles sell 2.25 million compact discs in five days