Sept. 26 (Bloomberg) -- EMI Group Ltd., the recording company owned by Citigroup Inc., will manage music owned by Elisabeth Murdoch’s television-production firm Shine Group Ltd., opening the catalogue to a wider audience.
EMI will administer and collect performance royalties for Shine Group music, including for branches in the U.S., Australia, France and Germany, the companies said today in a statement.
The London-based businesses will also form a music library that can be used by Shine’s television shows and third-party productions. EMI and Shine have paired a song by the band Train, which is represented by EMI, with “The Biggest Loser,” a TV show produced by Shine company Reveille.
“Extending our deal with Shine enables us to increase the revenue potential for their music assets from a wider range of programming genres across the world,” Jonathan Channon, executive vice president of media and business development at EMI, said in a statement.
Shine Chief Executive Officer Elisabeth Murdoch sold the company to News Corp., which is run by her father, Rupert Murdoch, this year. EMI was taken over by Citigroup this year after failing to meet debt requirements and is expected to be sold.
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