Terra Firma

EMI

Description

EMI is one of the world's largest music companies and the largest global popular music publisher with a catalogue of over 1 million songs. On the recorded music side, it has a catalogue of over 3 million tracks from artists such as The Beatles, Norah Jones, Coldplay, The Rolling Stones and Pink Floyd.

Strategy

EMI draws on Terra Firma's experience in strategically transforming businesses, repositioning assets, driving operational change and enhancing cash flows.

EMI's revenue has declined over the past 5 years due to the structural shift in the consumer music market and a slow response, by both the industry and the Company, to the shift to digital consumption. This shift has been particularly detrimental to the recorded music business; however, the publishing business has a valuable asset base and has continued to perform well.

Terra Firma intends to exploit the opportunity to develop the publishing catalogue while streamlining the recorded music business and repositioning it to capitalise on the digital opportunity.

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