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Hoover's Online Report BuilderEMI Group plc (London: EMI )

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Table of ContentsThe Basics...............................................................................................................................................................................1

Key Numbers.............................................................................................................................................................1Officers & Employees................................................................................................................................................1Industry Information..................................................................................................................................................4SIC Codes...................................................................................................................................................................4NAICS Codes.............................................................................................................................................................4Top Competitors.........................................................................................................................................................4All Competitors..........................................................................................................................................................4Rankings.....................................................................................................................................................................4Subsidiaries/Affiliates Covered By Hoover's Online.................................................................................................5

Biographies............................................................................................................................................................................6 Eric L. Nicoli, Age 52...............................................................................................................................................6 Roger Faxon, Age 54................................................................................................................................................6 Martin N. Bandier, Age 61........................................................................................................................................6 Alain Levy, Age 57...................................................................................................................................................7 David Munns.............................................................................................................................................................7 Stuart Ells, Age 40....................................................................................................................................................8 Norman Cheng..........................................................................................................................................................8 Matt Serletic..............................................................................................................................................................8 Andrew (Andy) Slater...............................................................................................................................................9 Mike Dungan.............................................................................................................................................................9 Emmanuel de Buretel................................................................................................................................................9 Tony Wadsworth.....................................................................................................................................................10 Roy Lott..................................................................................................................................................................10 Ivan Gavin...............................................................................................................................................................11 Charlie Dimont........................................................................................................................................................11 Prescott Price...........................................................................................................................................................11 Avery Duff..............................................................................................................................................................12

Overview..............................................................................................................................................................................13

History..................................................................................................................................................................................14

Products/Operations...........................................................................................................................................................15

Other Resources Available On Hoover's Online..............................................................................................................17Other Resources.......................................................................................................................................................17Related Products From Our Trusted Partners..........................................................................................................17

Annual Financials................................................................................................................................................................18

Historical Financials & Employees....................................................................................................................................20

Report Builder − EMI Group plc − Hoover's Online

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The Basics

27 Wrights Ln.LondonW8 5SW, United Kingdomhttp://www.emigroup.com

Phone: +44−20−7795−7000Fax: +44−20−7795−7296

Depending on how you look at it, EMI Group is either the smallest major record company or the biggest independentlabel. The company ranks last in US sales among the five major music labels and is #3 in worldwide sales. EMIdistributes albums through more than 70 labels, including Blue Note, Capitol, and Virgin. It also owns EMI MusicPublishing, the world's largest music publishing arm, with rights to more than a million songs. The only major recordcompany not tied to a media conglomerate, EMI has seen acquisition deals with both Time Warner and Bertelsmann nixedby European regulators.

Key Numbers

Company Type Public (London: EMI )

Fiscal Year−End March

2003 Sales (mil.) $3,423.9

1−Year Sales Growth (1.8%)

2003 Net Income (mil.) $361.5

2003 Employees 8,088

1−Year Employee Growth (12.8%)

Auditor Ernst & Young

Officers & Employees

Title Name Age Salary Bonus

Chairman Eric L. Nicoli 52 $1,070,252

CFO Roger Faxon 54 $766,025

Chairman and CEO, EMI MusicPublishing

Martin N. Bandier 61 $3,092,266

Chairman and CEO, EMIRecorded Music

Alain Levy 57 $1,070,252

Vice Chairman, EMI RecordedMusic; Chairman and CEO, EMIRecorded Music North America

David Munns

CFO, EMI Recorded Music Stuart Ells 40

Global Head of Anti−Piracy Richard Cottrell

Chairman and CEO, EMIRecorded Music Southeast Asia

Norman Cheng

Chairman and CEO, VirginRecords America

Matt Serletic

Andrew (Andy) Slater

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President and CEO, CapitolRecords

President and CEO, CapitolNashville

Mike Dungan

President and CEO, EMIRecorded Music Europe

Emmanuel de Buretel

President and CEO, EMI UK &Ireland

Tony Wadsworth

President and COO, VirginRecords

Roy Lott

President, EMI Music Canada Deane Cameron

Managing Director, Parlophone,EMI UK & Ireland

Keith Wozencroft

COO, EMI Recorded MusicNorth America

Ivan Gavin

COO, Virgin Records America Charlie Dimont

EVP John Rose

SVP and Financial Controller Prescott Price

SVP Human Resources Avery Duff

VP Digital Development &Distribution, EMI RecordedMusic

Ted Cohen

VP Finance, EMI Music Canada Gary Moss

VP Legal Affairs David Widd

VP Marketing Leonor Villanueva

VP Marketing, EMI MusicCanada

Rob Brooks

VP National Promotion, EMIMusic Canada

Peter Diemer

VP National Sales Gregg Vickers

VP Operations Reiner Kirsten

VP Promotion, Northeast Region Angelo Schipilitti

VP Puerto Rico and theCaribbean

Jose Vallejo

VP Sales Al Andruchow

VP Strategic Marketing,Classical Division, EMI MusicCanada

Shan Kelley

VP Talent Acquisition and ArtistDevelopment, EMI MusicCanada

Tim Trombley










Division VP, NationalDistribution, EMI Music Canada

Claude Prieur

Secretary and Group GeneralCounsel

Charles P. Ashcroft

Controller Francis Deguara

Director, Digital Media Wojtek Hoch

Director, Financial Planning andRoyalties, EMI Music Canada

Lara Shewchuk

Director, InternationalMarketing, EMI Music Canada

Karen Touma

Director, Marketing Arturo Gill

Director, Marketing Carole MacDonald

Director, Promotion Felipe Orozco

Director, Promotion, Southwestand Central Region

John Ortiz

Director, Special Markets Sales,EMI Music Canada

Eddie Colero

Manager, Classical Marketing,EMI Music Canada

Brandon Bayer

Manager, InternationalMarketing

J.J. Cheng

Manager, Marketing Roger Bartel

Manager, Marketing Angie Bazzana

Manager, Marketing David MacMillan

Manager, Marketing Warren Stewart

Manager, Marketing Services,EMI Music Canada

Barb Cain

Manager, MarketingAdministration

Anne Simson

Manager, New Media Marketing Jennifer Walsh

Manager, A&R Adrian Martinez

Manager, ContractAdministration

Sally Ramirez

Manager, Legal and BusinessAffairs, EMI Music Canada

Laura Nenych

Manager, Media Relations, EMIMusic Canada

Anastasia Saradoc

Manager, Promotion and MediaRelations

Guillermo De La Paz

Manager, Sales, West Coast Ricardo Ravelo


A&R Administration, EMIMusic Canada

Mike Rayner

Regional Director, Calgary, EMIMusic Canada

Ralph Schmidtke

Regional Director, Montreal,EMI Music Canada

Val D'Amico

Industry Information

MediaMusic (primary)♦

•

SIC Codes

2741 Miscellaneous publishing

3652 Prerecorded records and tapes

6794 Patent owners and lessors

7929 Entertainers & entertainment groups

NAICS Codes

334612 Prerecorded Compact Disc (except Software), Tape, and Record Reproducing

512210 Record Production

512220 Integrated Record Production/Distribution

512230 Music Publishers

711130 Musical Groups and Artists

Top Competitors

BMG Entertainment• Sony Music Entertainment• Universal Music Group•

All Competitors

BMG Entertainment• edel music• KOCH Entertainment• Sony Music Entertainment• Universal Music Group• Warner Music• Zomba•

Rankings

FTSE 250•


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Subsidiaries/Affiliates Covered By Hoover's Online

Blue Note Records• Capitol Records, Inc.• Caroline Records, Inc.• EMI Music Publishing

EMI Music Publishing Latin America♦ •

MusicNet, Inc.• Priority Records, LLC• Virgin Records America, Inc.•










Biographies

Eric L. Nicoli, Age 52

Chairman, $1,070,252 salary

Other Company Affiliations

Company Title Salary Bonus

The Tussauds Group ChairmanBiography

Eric Nicoli was appointed to the Board in 1993 as a Non−executive Director, becoming executive Chairman in July 1999.Until 30 April 1999, he was Group Chief Executive of United Biscuits (Holdings) plc (UB), which he joined fromRowntree Mackintosh in 1980. He was appointed to the UB Board in 1989 as Chief Executive, European Operations andbecame Chief Executive of UB in 1991.

Mr Nicoli is non−executive Chairman of HMV Group plc and The Tussauds Group Ltd, Chairman of The PerCent Cluband The EMI Group Archive Trust, a Deputy Chairman of Business in the Community and a Director of Caldicott TrustLtd, Charity Projects and Comic Relief Ltd.

Source: Annual Report, 2003

Roger Faxon, Age 54

CFO, $766,025 salary

Biography

Roger Faxon was appointed GCFO and joined the EMI Board on 5 February 2002. He joined EMI in 1994, initially asSenior Vice President, Business Development & Strategy, EMI Music and, from April 1999, as Executive Vice Presidentand Chief Financial Off icer, EMI Music Publishing.

Prior to 1994, Mr Faxon held finance, operations and general management positions. These posts included five years withSotheby's, latterly as Managing Director, Sotheby's Europe and, previously, as Chief Operating Officer, Sotheby's Northand South America. This followed 10 years in the motion picture industry with LUCASFILM Ltd, The Mount Companyand, finally, Columbia Pictures Entertainment. Earlier, Mr Faxon spent six years on the staff of the US Congress.


Martin N. Bandier, Age 61

Chairman and CEO, EMI Music Publishing, $3,092,266 salary





EMI Music Publishing Chairman and CEO $2,167,789Biography

Martin Bandier was appointed to the Board in April 1998. He joined EMI Music Publishing as its Vice−Chairman in 1989upon the acquisition of SBK Entertainment World Inc. (SBK), in which he was a founding partner. He was appointedCEO of EMI Music Publishing in 1991.

Mr. Bandier entered the music publishing business in 1975 as a founding partner of the Entertainment Music Companyand the Entertainment Television Company and, together with his partners, created SBK in 1986.

Mr. Bandier is a Director of the National Music Publishers' Association, the BMI Foundation, the Songwriters' Hall ofFame, the Rock and Roll Hall of Fame and the Syracuse University Board of Trustees. He is also a member of the FriarsFoundation and the National Academy of Recording Arts and Sciences.


Alain Levy, Age 57

Chairman and CEO, EMI Recorded Music, $1,070,252 salary

Biography

Alain Levy joined EMI and was appointed to the Board on 15 October 2001.

Mr Levy joined CBS International (now Sony Music) in 1972 and, after 12 years, moved to PolyGram, where he becamePresident and CEO in 1991. In both companies he held various posts involving manufacturing, logistics, marketing andmanagement. Mr Levy remained with PolyGram until it was sold to Seagram in 1998.

Mr Levy is a Director of David Linley & Co. Ltd and Ilchester Investments Ltd. He also sits on the advisory board ofSchroders Ventures in the US and on the European advisory board of Wharton Business School.


David Munns

Vice Chairman, EMI Recorded Music; Chairman and CEO, EMI Recorded Music North America

Recent Work Highlights

PolyGram N.V.Last position held, SVP, PolyGram International Pop Marketing♦

•

Biography

David Munns first joined EMI in 1972 in the marketing department of its London headquarters. He subsequently rose



through various marketing positions, including product manager for Paul McCartney and the first Wings album, and from1977 to 1979 was responsible for the UK marketing of non−UK EMI repertoire such as Dr Hook and Kraftwerk. In 1979Munns moved to EMI Canada to oversee all of its operations except A&R (which was the responsibility of current EMICanada head Deane Cameron), returning to EMI UK in 1984 as head of A&R and marketing. In 1987 he moved toPolyGram as managing director of Polydor Records. There he worked with artists including The Cure, the Bee Gees,Andrew Lloyd Webber, Style Council and Van Morrison and trebled the label's turnover in four years.

In 1991 Munns was promoted to the worldwide position of senior vice president − pop marketing for PolyGram,responsible for overseeing all of the company's frontline repertoire. From 1994 to 1999 he was also a board director ofAndrew Lloyd Webber's Really Useful Group. After deciding to leave PolyGram in 1998, Munns became Jon Bon Jovi'smanager, helping Bon Jovi to sell over seven million copies of their album 'Crush'. Munns rejoined EMI in October 2001as vice chairman of EMI Recorded Music with special responsibility for global marketing and human resources.

Source: Company Press Release, February 1, 2002

Stuart Ells, Age 40

CFO, EMI Recorded Music

Biography

Stuart Ells has been Chief Financial Officer and a Director of The Really Useful Group for the past two years. He is wellknown to Alain Levy having worked with him at PolyGram International as Director of Operational Audit and as ChiefFinancial Officer and Executive Vice President of PolyGram Filmed Entertainment. Stuart spent the first 10 years of hiscareer with Ernst & Young before gaining his first experience of the music industry as Director of Internal Audit of theEMI Music Group.


Norman Cheng

Chairman and CEO, EMI Recorded Music Southeast Asia


PolyGram N.V.Last position held, President, PolyGram Far East♦

•

Matt Serletic

Chairman and CEO, Virgin Records America



Virgin Records America, Inc. Chairman and CEO



Biography

After earning both his bachelors and masters degrees in music performance from the University of Miami, Matt Serletic,31, discovered and signed matchbox twenty to his production company, Melisma Productions. He produced both theirdebut and sophomore albums which have together sold over 20 million copies worldwide. In 1999, Serletic produced'Smooth', the lead track from Carlos Santana's comeback album 'Supernatural'. The album has since sold over 30 millioncopies worldwide. 'Smooth' and 'Supernatural' earned Serletic two Grammy Awards in 2000 for Record of the Year andAlbum of the Year. In 2000 he topped Billboard magazine's 'Hot 100 Producers' chart for the year.

In 1999 Serletic formed Melisma Records, a joint venture with Arista Records, and has continued to produce hit recordswith artists including Aerosmith, Celine Dion, Collective Soul and Edwin McCain. Recently, Serletic produced WillieNelson's 201st album entitled 'The Great Divide'. Serletic is also a writer, arranger, composer and musician.


Andrew (Andy) Slater

President and CEO, Capitol Records



Capitol Records, Inc. President and CEOBiography

Slater joins Capitol Records from his company, Slater Management, which he founded and which today is one of theleading music management companies in the US. During his time at Slater Management he represented such critically andcommercially successful artists as Macy Gray, Fiona Apple and The Wallflowers, all of whom he also produced. At timesduring his career he also managed artists such as Beastie Boys, Lenny Kravitz and Don Henley. Slater began his career inthe music industry as a pop music critic at the Atlanta Journal Constitution and went on to work for PEOPLE, RollingStone, Billboard and USA Today. In 1983 he joined Frontline Management as a creative director and worked with artistssuch as the Go−Gos and Don Henley. In 1995 Slater went on to found Clean Slate Records where he signed Fiona Apple.

Source: Company Press Release,

Mike Dungan

President and CEO, Capitol Nashville



Capitol Records, Inc. President and CEO, Capitol Nashville

Emmanuel de Buretel




President and CEO, EMI Recorded Music Europe

Biography

Emmanuel de Buretel is president & CEO, EMI Recorded Music Europe based in London. He also oversees operations inAfrica and the Middle East.

de Buretel has been president of Virgin Continental Europe for three years during which time the division has seen analmost 50% improvement in local repertoire market share, while Virgin France has doubled its market share to 13.6%since he took it over. Many artists signed during his tenure have enjoyed international success both inside and outsideContinental Europe. Manu Chao is currently number one in the European album charts for the third week running and hasalready sold over a million units of his new album. Daft Punk recently reached the number two European chart positionwith their new album, which has sold nearly two million.

de Buretel also has a strong history of working with and licensing repertoire from international independent labels such asJive, Mute, Beggars Banquet and 4AD.


Tony Wadsworth

President and CEO, EMI UK & Ireland

Biography

From 1993 to 1998 Wadsworth was managing director of EMI's Parlophone label during which time the company enjoyedsuccess with many new signings including Blur, Radiohead, Supergrass and Mansun as well as superstars such as Queenand Tina Turner. He originally joined Parlophone in 1987 as marketing director, moving over from EMI's StrategicMarketing division. He first joined EMI in 1982 after working for several independent record labels. He has beenchairman of the Brit Awards since 2000.

Source: Company Press Release, January 18, 2002

Roy Lott

President and COO, Virgin Records


EMI Group plcTitle held until 2002: Deputy President, EMI Recorded Music♦

•

Biography

Roy Lott's career in the music industry began in 1979 when he joined Arista Records in New York as an attorney. Hespent the next 19 years at Arista, rising to be the number two to label head Clive Davis as executive vice president andgeneral manager. During his time at the label he helped to establish and build the Arista Nashville division and Arista'sjoint venture partnerships with LaFace and Bad Boy Records.


In 1998 Lott moved to EMI from Arista as deputy president of EMI Recorded Music North America, responsible for theAngel, Blue Note, Capitol Nashville and EMI Christian Music Group label divisions as well as for EMI Canada. Thefollowing year he took on interim responsibility for Capitol Records, overseeing the label until Andy Slater's appointmentlast year.


Ivan Gavin

COO, EMI Recorded Music North America

Biography

Mr. Gavin joins EMI from The Zomba Record Group where he oversaw all of the company's North American business forZomba's Chairman and CEO Clive Calder for more than a decade during the company's growth period, which includedthe explosive success of some of the best−selling artists of all time, such as *NSYNC, Britney Spears and BackstreetBoys.

Source: Company Press Release, December 10, 2002

Charlie Dimont

COO, Virgin Records America



Virgin Records America, Inc. COOBiography

Charlie Dimont was named executive vice president of EMI Recorded Music in July 2001. Previously he was president &CEO of EMI Europe. Dimont assists on the development and execution of strategy for the music company around theworld and will be a key member of the executive team. Dimont held his previous role since 1999, overseeing theoperations of the EMI label group in Europe, Australasia, the Middle East and Africa and delivering strong market sharedevelopment and profit improvement across his region. His music business career spans more than 20 years and hasinvolved numerous roles within the EMI and Virgin label groups. He worked in the US for most of the 1980s and has heldresponsibility during his career for virtually every country in which EMI Recorded Music operates.


Prescott Price

SVP and Financial Controller

Biography

Price has been CFO for EMI Recorded Music in Asia since 1997, responsible for all financial and IT matters affecting the



13 companies in the division. From 1993 to 1997 he was a partner at UK management consultants YKW. He joined YKWfrom EMI Records UK where he was a finance manager from 1990 to 1993. He has a masters degree in economics fromOxford University and an honours degree in economics with statistics from Bristol University.


Avery Duff

SVP Human Resources

Biography

Duff joined Cable & Wireless as executive vice president, global human resources in May 2000. Prior to that he spent justover a year at Philips Electronics where he was director of corporate human resources responsible for worldwideresourcing and development of the Philips senior management group and corporate policy development. During his careerin human resources he has worked at companies including Westpac Banking Corporation in Australia, paper and plasticscompany Bunzl Group, retailer Kingfisher and food company Mars where he worked from 1978 to 1991.

Source: Company Press Release, May 28, 2002


Overview

Depending on how you look at it, EMI Group is either the smallest major record company or the biggest independentlabel. The company ranks last in US sales among the five major music labels and is #3 in worldwide sales. EMIdistributes albums through more than 70 labels, including Blue Note, Capitol, and Virgin. It also owns EMI MusicPublishing, the world's largest music publishing arm, with rights to more than a million songs. The only major recordcompany not tied to a media conglomerate, EMI has seen acquisition deals with both Time Warner and Bertelsmann nixedby European regulators.

Being unaffiliated with a larger media company, EMI has struggled in its efforts to market new albums and artists. EMIalso suffered from a 3% industry downturn in US record sales in 2001 (the most in a decade). To improve its reach toaudiences and reduce costs, the company turned to EMI Music Publishing, its licensing division, which has struck anumber of deals with online distribution companies. It also joined with Warner Music, BMG, and RealNetworks to formMusicNet in 2001. In addition, EMI has taken steps to further develop its South East Asian business with plans to expandinto China. The company also sold its stake in retail joint venture HMV Media Group.

In 2003 EMI again entered acquisition talks with Warner Music Group, only to have its $1.7 billion offer trumped byformer Seagram head Edgar Bronfman, Jr., who sealed a deal with Warner for $2.6 billion. The absence of mergerprospects, coupled with EMI's stagnant revenues, has prompted the company to again slash its workforce by about 20%(EMI cut its staff by about 1,800 in 2001 when Alain Levy took over as CEO of Recorded Music). Most of the cuts willoccur in EMI's CD and DVD manufacturing plants in the Netherlands and the US (the company's plants in Australia,Canada, and Japan will be unaffected); EMI plans to close the plants and outsource manufacturing. In addition, EMI willreduce its artist roster and restructure some of its labels.











History

Electric & Musical Industries (EMI) was established in 1931 as a successor to a 19th−century gramophone producer. Itgradually expanded operations to produce everything from radar systems during WWII to the first television system forthe BBC. In 1955 the company bought Los Angeles−based Capitol Records (founded in 1942), which featured such artistsas Frank Sinatra and Nat "King" Cole. EMI became a major force in the entertainment industry over the next decades,topping off a string of acquisitions with the purchase of Associated British Picture Corporation in 1969.

EMI suffered through the 1970s with money−losing films and the PR sting of signing the outrageous punk group The SexPistols in 1976. (The company canceled its contract with the band in 1978.) In 1979 the struggling firm was bought byappliance and electronics giant Thorn Electrical Industries (founded by Jules Thorn as the Electrical Lamp ServiceCompany in 1928) for $356 million. Renamed THORN EMI in 1980, the conglomerate lacked strategic focus andcontinued to suffer losses. Colin Southgate was tapped as CEO in 1985 and streamlined its operations to four businesssectors. The company acquired 50% of Chrysalis Records in 1989, and the next year it added Filmtrax music publishing(UK). Also in 1990 the company's HMV stores unit opened its first US superstore in New York City.

In 1992 the company acquired Virgin Records from founder Richard Branson for $960 million. The purchase boostedEMI's US market share and made it one of the world's top music companies. THORN EMI sold its lighting division thenext year, and in 1995 it bought UK bookstore business Dillons (later merged with and rebranded Waterstone's).

In 1996 EMI and Thorn split into separately traded companies to maximize the value of its disparate assets; however,share prices plunged when profits failed to materialize. The next year EMI paid $132 million for 50% of Berry Gordy'sJobete companies and its 15,000−song Motown catalog. The Spice Girls, five women brought together by a newspaper ad,became one of Virgin's biggest moneymakers that year.

To focus more on music and less on retail, EMI transferred its HMV and Dillons chains to HMV Media Group, a jointventure with Advent International, in 1998. That year EMI Music head James Fifield resigned with a healthy buyoutpackage after Southgate scotched a succession plan that would have made Fifield CEO. The following year Eric Nicoli,former CEO of United Biscuits, was tapped as Southgate's replacement.

Seeking a bigger presence on the Internet, the company bought an equity stake in music Web site Musicmaker.com in1999. It also bought music publisher Windswept Pacific for $200 million. The following year the company sold its stakein Musicmaker.com for a hefty profit and later agreed to merge its music operations into a joint venture with TimeWarner's Warner Music Group. Its deal with Warner was scrapped, however, to appease European regulators examiningthe merger of Time Warner and AOL. EMI opened negotiations with Bertelsmann, but the talks broke off in 2001 (againdue to pressure from regulators). Also that year, EMI formed online distribution venture MusicNet with Warner Music,BMG, and RealNetworks.

EMI's ill−fated five−record contract with pop diva Mariah Carey was a huge embarrassment for the firm. After Carey'sfirst EMI album, Glitter, sold a meager 500,000 copies in 2001, the company bought out Carey's deal for $28 million. Itsubsequently laid off about 20% of its workforce, cut 400 acts from its roster, and took a $340 million charge for the year.Ken Berry, CEO of the EMI Recorded Music division, left the company that year and was replaced by Alain Levy, aformer PolyGram executive.

In 2002 the company acquired Mute, a leading European independent record company, for $33.5 million. Also that year itsold off its remaining stake in HMV.





Products/Operations

2003 Sales $ mil. % of totalEurope UK 521 15 Rest of Europe 1,040 30North America 1,111 33Asia/Pacific 645 19Other regions 107 3

Total 3,424 100

2003 Sales $ mil. % of totalRecorded music 2,792 82Music publishing 632 18

Total 3,424 100

Selected Labels

Astralwerks• Blue Note Records• Capitol Records• Capitol Records Nashville• Caroline Records• Chrysalis• EMI Classics• EMI Electrola• EMI Records UK• EMI−Medley• Food Records• Forefront Records• Hemisphere Records• Java Records• Mosaic Records• Mute• Scamp Records• Sparrow Label Group• Virgin Records America• Virgin Records Nashville• Virgin Records UK•

Selected Artists

The Beatles• Coldplay• Daft Punk• Everclear• Garth Brooks• Ice Cube• Janet Jackson• Lenny Kravitz•


Pink Floyd• Radiohead• Ringo Shiina• Robbie Williams• Smashing Pumpkins• Spice Girls• UB40• Utada Hikaru•


Other Resources Available On Hoover's Online

News for EMI Group (last 90 days)

Company Press Release Archive

Other Resources

Annual Report • Investor Relations • Financial Data Definitions• Market Data Definitions• Comparison Data Definitions• Historical Financials & Employees Definitions•

Related Products From Our Trusted Partners

Buy Reports and Books

D&B Business/Credit Reports: EMI Group plc(D&B, Feb 1, 2004, Business Reports)

•

EMI Group PLC: Company Profile(Datamonitor, Feb 1, 2004, Business Reports)

•

Entertainment En Masse: An Overview of Media Conglomerates(Hoover's, Inc., Feb 1, 2004, Business Reports)

•

Music: Financial Analysis Profiles(BizMiner, Dec 23, 2003, Business Reports)

•

Integrated Record Production/Distribution in the US(IBISWorld, Dec 9, 2003, Business Reports)

•

Plunkett's Entertainment & Media Industry Almanac 2002−2003(Plunkett Research, Ltd., Apr 15, 2002, Books)

•

Trends in European media consumption(Datamonitor, Dec 20, 2002, Business Reports)

•

Music: Marketing Research Profiles(BizMiner, Dec 23, 2003, Business Reports)

•

Additional 3rd Party Libraries

Additional Research On EMI Group

Corporate Hierarchy •


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Annual Financials

All amounts in millions of US Dollars

Income Statement Mar 03 Mar 02 Mar 01

Revenue 3,423.9 3,486.7 3,785.3

Cost of Goods Sold 2,166.8 2,461.3 2,463.2

Gross Profit 1,257.1 1,025.4 1,322.1

Gross Profit Margin 36.7% 29.4% 34.9%

SG&A Expense 962.9 1,169.4 861.8

Depreciation & Amortization −− −− −−

Operating Income 294.2 (144.0) 336.4

Operating Margin 8.6% −− 8.9%

Nonoperating Income 330.0 −− −−

Nonoperating Expenses 121.7 −− −−

Income Before Taxes 502.5 (217.8) 230.6

Income Taxes 130.9 54.5 93.2

Net Income After Taxes 371.6 (272.3) 137.4

Continuing Operations 371.6 (272.3) −−

Discontinued Operations 0.0 0.0 −−

Total Operations 371.6 (272.3) −−

Total Net Income 361.5 (284.4) 137.4

Net Profit Margin 10.6% −− 3.6%

Diluted EPS from Continuing Operations ($) −− −− −−

Diluted EPS from Discontinued Operations ($) −− −− −−

Diluted EPS from Total Operations ($) −− −− −−

Diluted EPS from Total Net Income ($)

Dividends per Share −− −− −−

Balance Sheet Mar 03 Mar 02 Mar 01

Assets

Current Assets

Cash 157.7 122.2 194.9

Net Receivables 1,503.5 1,088.7 1,230.6

Inventories 57.3 61.3 65.3


Other Current Assets 23.8 −− −−

Total Current Assets 1,742.3 1,297.6 1,654.2

Net Fixed Assets 455.5 −− −−

Other Noncurrent Assets 845.0 −− −−

Total Assets 3,042.8 2,731.6 3,039.0

Liabilities and Shareholders' Equity Mar 03 Mar 02 Mar 01

Current Liabilities

Accounts Payable 293.8 −− −−

Short−Term Debt 60.6 1,099.1 −−

Other Current Liabilities 1,854.5 −− −−

Total Current Liabilities 2,209.0 2,948.3 2,828.4

Long−Term Debt 1,451.1 532.2 662.1

Other Noncurrent Liabilities 473.6 −− −−

Total Liabilities 4,133.7 1,262.9 1,922.3

Shareholders' Equity

Preferred Stock Equity 0.0 0.0 −−

Common Stock Equity (1,090.9) 1,468.7 −−

Total Equity (1,090.9) 1,468.7 1,116.6

Shares Outstanding (mil.) −− −− −−

Cash Flow Statement Mar 03 Mar 02 Mar 01

Net Operating Cash Flow −− −− −−

Net Investing Cash Flow −− −− −−

Net Financing Cash Flow −− −− −−

Net Change in Cash −− −− −−

Depreciation & Amortization −− −− −−

Capital Expenditures −− −− −−

Cash Dividends Paid −− −− −−

Data Definitions


Historical Financials & Employees

Income Statement

YearRevenue

($ mil.)Net Income

($ mil.)Net Profit

MarginEmployees

Mar 03 3,423.9 361.5 10.6% 8,088

Mar 02 3,486.7 (284.4) −− 9,270

Mar 01 3,785.3 137.4 3.6% 9,996

Mar 00 3,798.8 280.6 7.4% 10,802

Mar 99 3,828.5 235.2 6.1% 10,292

Mar 98 5,548.2 383.4 6.9% 10,452

Mar 97 6,534.7 254.0 3.9% −−

2003 Year−End Financials

Debt ratio −−

Return on equity (33.1%)

Cash ($ mil.) 157.7

Current ratio 0.79

Long−term debt ($ mil.) 1,451.1

Data Definitions


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