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Business News/ Companies / Eros unit strikes publishing deal with EMI
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Eros unit strikes publishing deal with EMI

Eros unit strikes publishing deal with EMI

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Reuters: Indian movie distributor Eros International Plc’s music unit entered into a publishing deal with EMI Group’s subsidiary to use each others’ distribution networks for growth in new markets.

London-based EMI, home to artists like Beyonce, James Blunt, Alicia Keys, Pink, Kanye West and Amy Winehouse, was bought by private-equity firm Terra Firma Capital Partners Ltd in 2007.

Eros, which gave last year’s hit “Love Aaj Kal" (Love: Now and Then), is a dominant player in the fragmented Indian entertainment market.

Eros Music Publishing would represent EMI Music Publishing’s catalogue of 1.3 million songs in India, the companies said in a statement on Thursday.

Under the agreement, EMI Music Publishing would represent Eros Music Publishing’s catalogue of Bollywood and South Asian composers on a worldwide basis, excluding India.

Shares of Eros were up 3.2% at 162 pence at 0831 GMT on the London Stock Exchange.

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Published: 18 Feb 2010, 02:27 PM IST
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