Purchase significantly reduces debts for the home of the Beatles, Pink Floyd and Katy Perry
February 1, 2011 6:25 PM EDT
The financial service conglomerate Citigroup has acquired Maltby Investments Limited, the holding company that controls the EMI Group, the fourth-largest family of record labels in the music industry.
EMI is the current home of hit makers such as Katy Perry
and the Gorillaz
, and the company controls the back catalogs of artists such as the Beatles,
Pink Floyd
and Radiohead
.
and the Gorillaz, and the company controls the back catalogs of artists such as the Beatles, Pink Floyd and Radiohead.
