Electric & Musical Industries Ltd. - First to Record the Beatles - EMI - 1960's dated Music Entertainment Stock Certificate
Inv# GS1105 StockGeneral Stock printed by American Bank Note Company. EMI is a very important music recording co. "EMI" was the first company to record the Beatles after many major recording companies rejected them! Especially important to Beatle fans.
EMI Group Limited, originally an acronym for Electric and Musical Industries and also known as EMI Records Ltd. or simply EMI, was a British multinational conglomerate established in March 1931 in London. At the time of its dissolution in 2012, it ranked as the fourth largest business group and record label conglomerate within the music industry, and was recognized as one of the 'Big Four' record companies (currently referred to as the 'Big Three'). Its labels encompassed EMI Records, Parlophone, Virgin Records, and Capitol Records, which are presently owned by different entities.
EMI was publicly traded on the London Stock Exchange and was previously a member of the FTSE 100 Index. However, it encountered financial difficulties and accumulated a debt of US$4 billion, which resulted in its acquisition by Citigroup in February 2011. Citigroup's ownership was short-lived, as EMI declared in November 2011 its intention to divest its music division to Vivendi's Universal Music Group for $1.9 billion, and its publishing segment to a Sony/ATV consortium for approximately $2.2 billion. The Sony consortium also included the estate of Michael Jackson, the Blackstone Group, and the Abu Dhabi-based Mubadala Development Company. EMI's operations in the United Kingdom, the United States, and Canada were dismantled to settle debts; however, the main headquarters located outside these countries remains operational. EMI is currently owned by Sony/ATV Music Publishing, the music publishing arm of Sony Music, which acquired an additional 70% stake in EMI Music Publishing.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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