Warner Music Completes Acquisition Of Parlophone - Noise11.com
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Warner Music Completes Acquisition Of Parlophone

by Paul Cashmere on July 3, 2013

in News,Noise Pro

EMI’s Parlophone Records has been officially folded into Warner Music making way for new release announcements for albums from Moby and David Guetta this week.

To complete the sale of EMI to Universal Music, Universal was instructed that certain assets had to be offloaded to other companies.

The Parlophone Records catalogue includes Coldplay, Tinie Tempah, Eliza Doolittle, Pet Shop Boys, Kylie Minogue, Danger Mouse, David Guetta, Pablo Alborán, M. Pokora, Raphael, Mariza, David Bowie, Radiohead, Tina Turner, Iron Maiden, Pink Floyd, Duran Duran, Jethro Tull, Blur, Kate Bush, Daft Punk, Edith Piaf, Itzhak Perlman and Maria Callas.

Warner Music CEO Stephen Cooper said, “We are delighted to officially welcome PLG’s legendary roster and dynamic team to the Warner Music family. This acquisition unites two companies synonymous with incredible music, pioneering labels and artists that have shaped genres and defined generations. By staying true to our shared values, leveraging our complementary strengths and investing in growth, we will build on that remarkable legacy to set new standards in artist development and drive industry-leading innovation. Above all, this historic deal will create global opportunities for great music talent.

Parlophone was sold to Warner Music for £487 million ($AUD809m, $US737m) in an all-cash transaction.

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