EMI Music Poland

The EMI Group, also known as EMI Music or simply EMI, is a British multinational music company headquartered in London, United Kingdom. It is the fourth-largest business group and family of record labels in the recording industry and was one of the big four record companies. EMI Group also has a major publishing arm, EMI Music Publishing – also based in London with offices globally. The company was once a constituent of the FTSE 100 Index but since February 2011 it has been wholly owned by Citigroup (which took the then financially troubled company over because of more than $4 billion in debt it held). EMI is a member of the RIAA amp; IFPI. In November 2011 Citigroup announced a tentative deal to sell off pieces of the company with the music arm going to Vivendi's Universal Music Group for $1.9 billion and the publishing business going to a Sony/ATV consortium for around $2.2 billion. Other members of the Sony consortium include Blackstone and Abu Dhabi-owned investment fund Mubadala. Both before and after the sale announcement, Universal Music Group pledged to sell off EMI assets to the value of half a billion euros.