EMI SALE TIMELINE

The EMI sale timeline

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CITIGROUP SEIZES OWNERSHIP OF EMI

February 2011
As Citigroup takes control, what next for EMI?
Citigroup’s EMI grab possibly took Terra Firma by surprise
Guy Hands reflects on EMI

September 2012
Credit crunch caused EMI deal to go bad, says Terra Firma chief

October 2012
Terra Firma wants a new trial in its EMI dispute with Citigroup

March 2013
Hands chats about his EMI adventure


PRE-SALE RUMOURS AND SPECULATION

January 2011
So, who is going to buy EMI?

February 2011
Hands says he would re-bid for EMI if the price was right

March 2011
Citigroup talking to EMI bidders
Bertelsmann CFO confirms BMG’s acquisition intent

April 2011
Citigroup says it will sell EMI to one buyer

May 2011
BMG and Universal may co-bid for Warner and EMI
Citigroup approaches Blavatnik about EMI?

June 2011
Citigroup to step up EMI sale, BMG might like it if Warner was successful


THE SALE NEGOTIATIONS

June 2011
For sale, Electric And Musical Industries
Universal interested in bidding for EMI
EMI buyer speculation

July 2011
Citigroup to seek EMI bids by end of month
Bertelsmann chief: We’ll likely bid for EMI, but probably won’t win
Can Warner afford to buy EMI?
BMG submits EMI bid, says Post

August 2011
Could EMI go for £2.5 billion?
More speculation over bidders for EMI
CAA investor bidding for EMI


THE SALE NEGOTIATIONS: FINAL STAGES

September 2011
Second round of bidding for EMI due next week
Citigroup sets 5 Oct deadline for EMI sale

October 2011
Five players expected to make final bid for EMI
Does it matter that EMI will likely cease to be British?
Sony gets partners for its EMI bids
Citigroup committed to selling as new bidder enters race for EMI
Insiders say EMI likely to be split as part of sale
Warner and BMG back to being favourites in EMI bidding race
Universal out of race to buy EMI
Now Warner pulls out of EMI bidding

November 2011
Universal and Warner may both be back in the running for EMI
Citigroup now compromising to speed up EMI sale


UNIVERSAL WINS THE BIDDING FOR THE EMI RECORD COMPANIES

November 2011
Vivendi confirms Universal purchase of EMI recordings
EMI CEO Roger Faxon announces sale in letter to staff
The end of an era – EMI assets sold to major label rivals
Vivendi sells small stake in Activision – motivated by EMI deal?


SONY/ATV WINS THE BIDDING FOR EMI PUBLISHING COMPANY

November 2011
Sony/ATV confirms acquisition of EMI Publishing
The end of an era – EMI assets sold to major label rivals

December 2011
The future of EMI Publishing: Sony chief chatters


WHAT WILL THE DEALS MEAN FOR EMI?

November 2011
The EMI sale – some questions
EMI chief briefs staff on takeover process
Roger Faxon’s memo to staff about the EMI sale

January 2012
Citigroup in talks with EMI pension fund


COMMENT ON THE SONY AND UNIVERSAL DEALS

November 2011
The EMI sale in quotes
BMG not too upset to lose out in EMI race

December 2011
Warner boss has no regrets over EMI sale


INDIE SECTOR’S OPPOSITION TO THE SONY AND UNIVERSAL DEALS

November 2011
IMPALA calls on EU to explore options for intervening on acquisition of EMI
IMPALA responds to Universal’s EMI deal – confirms it will oppose it

January 2012
AIM rallies members to oppose EMI sale
IMPALA restates EMI sale opposition

February 2012
IMPALA restates opposition to Universal’s EMI deal as major files papers

April 2012
Beggars man expands on his opposition to Universal’s EMI deal

June 2012
Mills reaffirms opposition to Universal’s EMI deal
Uni/EMI under the spotlight on Capitol Hill
Azoff hits back at Congressional Uni/EMI opponents
Essential chief says he was misquoted at Congressional hearing on EMI

July 2012
IMPALA co-president backs Universal’s EMI deals, subject to concessions
Merlin will continue to oppose Universal/EMI merger
More indies support Universal’s EMI deal, yet regulators still not convinced
Panegyric’s Declan Colgan on Universal’s EMI bid
Bella Union’s Simon Raymonde on Universal’s EMI bid
AIM maintains opposition to Universal’s EMI bid
US indies group calls for American remedies for Universal/EMI deal

August 2012
Future Of Music Coalition reaffirms opposition to Universal’s EMI bid

September 2012
IMPALA calls on EC one more time to block Universal/EMI
Universal/EMI approved in Australia, indie community speaks out


WARNER’S OPPOSITION TO THE SONY AND UNIVERSAL DEALS

January 2012
Will Warner oppose Universal’s EMI deal?

February 2012
Warner will fight Universal’s EMI takeover, says outgoing Chairman
Warner CEO confirms his company will oppose EMI sale
Warner owner still hopes to buy EMI assets

June 2012
Uni/EMI under the spotlight on Capitol Hill
Azoff hits back at Congressional Uni/EMI opponents


THE REGULATORY PROCESS

February 2012
Universal files its EMI bid with European regulators
IMPALA restates opposition to Universal’s EMI deal as major files papers
Sony/ATV files EMI Publishing bid with EC
IMPALA reaffirms opposition to Sony/ATV’s EMI deal

March 2012
US lobbying group publishes letter opposing EMI deals
Universal’s EMI bid heading for phase two of EC investigation
IMPALA welcomes rumoured EC concerns over Universal’s EMI deal
EC outlines specific concerns
Sony/ATV offer EMI concessions in Europe
NZ competition regulators launch investigation

April 2012
Sony proposes sale of Virgin publishing catalogues to sweeten EMI takeover
Beggars man expands on his opposition to Universal’s EMI deal
Two artist unions give conditional support to Universal’s EMI bid
Global artist union opposed to Universal’s EMI deal
EC sends out new questionnaire over Universal’s EMI bid
Pressure groups want US senate to consider Universal’s EMI bid

May 2012
Queen manager supports Universal’s EMI bid
Universal’s EMI bid to be considered in US Senate

June 2012
EC to provide Universal with statement of objections over EMI deal
Universal’s EMI deal to get congressional hearing next week
Universal receives Statement Of Objections over EMI bid from EC
Mills reaffirms opposition to Universal’s EMI deal
Uni/EMI under the spotlight on Capitol Hill
Azoff hits back at Congressional Uni/EMI opponents
Universal spin allegedly delays IFPI report
Essential chief says he was misquoted at Congressional hearing on EMI

July 2012
Universal boss reassures staff after parent company chief resigns
Universal submits response to EC concerns over EMI deal
Vivendi chairman steps in to help Universal’s EMI bid

November 2012
Brazil competition regulator limits Universal and Sony’s EMI acquisitions


THE REGULATORY PROCESS: SONY/ATV DEAL APPROVED

April 2012
EC to green light Sony’s EMI deal, as Marty moves to allay staff fears
EC approves Sony/ATV’s EMI deal

June 2012
EC publishes summary of its decision on Sony buying EMI Publishing

July 2012
Sony consortium acquires EMI Publishing after getting FTC approval


THE REGULATORY PROCESS: UNIVERSAL OFFERS CONCESSIONS

July 2012
Grainge has a new manifesto for music, just as long as he gets EMI
IMPALA co-president backs Universal’s EMI deals, subject to concessions
Universal continues to wrangle over what assets must go
Merlin will continue to oppose Universal/EMI merger
Asset sale proposals widen as Universal fights for EMI
FAC says artists should get first dibs on any EMI assets up for sale
Zelnik and Branson speak about their Virgin ambitions
More indies support Universal’s EMI deal, yet regulators still not convinced
Universal finalises its divestment plan to win EMI bid approval
Panegyric’s Declan Colgan on Universal’s EMI bid
Bella Union’s Simon Raymonde on Universal’s EMI bid
AIM maintains opposition to Universal’s EMI bid
Could Universal sell Parlophone to get EMI deal approval?
Universal submits proposals for remedies to EMI bid to EU regulators
Universal proposes radical divestments to smooth through EMI deal
US indies group calls for American remedies for Universal/EMI deal

August 2012
Future Of Music Coalition reaffirms opposition to Universal’s EMI bid
EC sends detailed questionnaire to stakeholders
EMI posts loss, draws Prof Green wrath
Most stakeholders satisfied with Universal’s EMI concessions
CMU Beef Of The Week #122 > Professor Green v EMI
Could Universal just sell off EMI in its entirety?
More Universal/EC talks expected to try to reach a resolution on EMI
Universal’s EMI takeover gets green light in Canada
Now the House Of Reps is considering Universal’s EMI deal
Crunch meeting due next week as Europe’s investigation reaches final stage

September 2012
Universal gives Citigroup a billion in pending EMI takeover
Regulators in Europe and US close to ruling on Universal/EMI
IMPALA calls on EC one more time to block Universal/EMI
Universal/EMI approved in Australia, indie community speaks out
Universal’s EMI deal due to be approved in Europe on Friday


THE REGULATORY PROCESS: UNIVERSAL DEAL APPROVED

September 2012
Universal’s EMI purchase gets European approval
The European Commission’s statement on Universal’s EMI deal
EMI CEO Roger Faxon’s email to staff
US Bureau Of Competition statement on Universal/EMI approval
Universal’s £1.2 billion EMI bid approved without remedy in the US
Merlin expresses disappointment at Universal/EMI approval
Universal’s EMI deal approved in Europe and US
EMI deal divestments: What does it mean for Universal?
EMI deal divestments: The bidding begins
EMI deal: Independent responses


EMI MUSIC PUBLISHING POST-SONY/ATV ACQUISTION

April 2012
Half of EMI Publishing’s staff could go if Sony/ATV deal goes through
EC to green light Sony’s EMI deal, as Marty moves to allay staff fears

July 2012
Sony consortium acquires EMI Publishing after getting FTC approval
Sony/ATV restructures management team as EMI staff cull begins

August 2012
EMI Publishing chief to head up combined Sony/EMI in UK

December 2012
PRS director becomes Deputy MD for Sony/ATV UK


EMI MUSIC POST-UNIVERSAL ACQUISTION

October 2012
Universal completes EMI acquisition, all eyes now on the Parlophone
Universal CEO Lucian Grainge’s email to staff on EMI
Universal chief addresses staff of expanded major
Branson hopes Universal will “reinvigorate languished” Virgin Records
Universal EMI lay-offs begin
Structure of combined Universal/EMI Nashville confirmed

November 2012
Universal plans to launch Capitol UK
Universal appoints Sony man to run EMI USA

January 2013
Universal combines Christian music publishing interests into one unit
Universal rejigs Japanese management post-EMI acquisition
Universal appoints Cockle to run Virgin Records UK
Rejigs and redundancies as Universal/EMI consolidation continues

February 2013
More appointments at Universal’s newly acquired EMI units

March 2013
Could Universal put Capitol UK into Abbey Road Studios?
Universal merges Virgin and Mercury, confirms Capitol UK launch

April 2013
Capitol UK launches


REGULATOR AGREED ASSET SALES

September 2012
Sony initiates sale of EMI catalogues agreed with regulator

October 2012
Simon Fuller considering bid for EMI assets
Could BMG’s Parlophone bidding result in KKR rethinking its involvement?
BMG denies KKR shareholding could be affected by EMI bidding
First round bids in for EMI Publishing catalogues on the block

November 2012
Fuller in discussions as Universal opens ‘data room’ for Parlophone sale
Fuller among nine initial bid proposals for Parlophone
More finance firms linked to Fuller’s Parlophone bid
Four bidders remain in EMI Publishing catalogue sale

December 2012
Fuller may bid for US independent Concord too
Concord for sale, but unlikely to go to Fuller
BMG buys Virgin and Famous UK publishing catalogues
BMG acquires Mute catalogue

January 2013
Sony and BMG to co-bid for Parlophone
IMPALA raises concerns over Sony bid for EMI label assets

February 2013
Parlophone Label Group sold to Warner Music for £487 million
Martin Mills positive about sale of Parlophone to Warner
Indie community welcomes Warner’s Parlophone acquisition
Parlophone to become part of Warner after final big deal in EMI saga
Sony bidding for EMI’s half of Now!
BMG acquires Sanctuary catalogue
Indie community announces deal with Warner on back of its PLG acquisition
Universal completes EMI divestments with Now! and Co-op deals

March 2013
[PIAS]’s Co-op acquisition approved

April 2013
Warner boss discusses Parlophone plans in memo

May 2013
BMG’s Mute and Sanctuary acquisitions complete
Warner’s purchase of Parlophone Label Group approved by EC
BMG’s acquisition of EMI song catalogues approved

June 2013
[PIAS] to market and distribute BMG’s Mute and Sanctuary catalogues
Vidler to step down once Warner’s Parlophone acquisition complete

July 2013
Warner’s acquisition of Parlophone complete