Universal Music Group has announced the official completion of its EMI Recorded Music acquisition.
The combined company will feature a family of internationally and nationally renowned labels such as A&M/Octone, Angel, Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, EMI Records, Geffen Records, Interscope Records, Island Records, I.R.S, Capitol Records Nashville, Manhattan, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Universal Music Nashville, Virgin Records and Verve Music Group, among many others.
“This is a next step towards ensuring the health of our industry,” said Lucian Grainge, chairman & CEO of UMG.
“EMI is finally returning to people who have music in their blood. We are acquiring incredible labels and a roster of stellar talent, including top-selling artists like Katy Perry, Lady Antebellum, The Beatles and The Beach Boys.
“We remain true to our vision of investing in EMI, growing the company as a vibrant source of new music, offering consumers more choice and supporting the growth of online music services.”
Grainge continued: “I would also like to thank Roger Faxon and his team at EMI for their tremendous support over the last year and for staying focused on developing artists and delivering new music throughout this transition.”