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.
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A Jury Clears Citi: The EMI Sale Was Bad Business, Not Fraud
Terra Firma sued Citi, claimed the bank misled into thinking other firms would outbid its own $4.7 billion offer for music company EMI in 2007. Sorry, said the jury in just a few hours.
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.
Dark Side of the Download: Pink Floyd Wins Ruling
Pink Floyd won a key ruling against EMI Thursday that could end the sale of its single tracks online. The decision is seen as a win for artist control against record labels.
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.
