LONDON (AFP) ? British music label EMI, home to The Beatles and Coldplay, on Monday launched a strategic review which could result in its sale or a stock market launch.
The announcement comes five months after US banking giant Citigroup seized control of EMI's recording and publishing divisions from its previous private equity owners.
EMI said in a statement on Monday that "the board of directors of its holding company, EMI Group Global Ltd, has initiated a process to explore and evaluate potential strategic alternatives, including a possible sale, recapitalisation or initial public offering of the company."
It added: "In making the announcement, EMI stated that there can be no assurance that this strategic review process will result in a transaction."
EMI, whose roster of artists also include Katy Perry, Kylie Minogue, Norah Jones and Robbie Williams, was bought by private equity firm Terra Firma for ?4.2 billion in 2007, shortly before the start of the global financial crisis.
Terra Firma's boss, British billionaire Guy Hands, helped finance the purchase with an enormous Citigroup loan of about ?2.6 billion.
Despite the rapid growth of legal music downloading, the global music industry is still struggling to combat Internet music piracy and plunging CD sales.
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