Thorn-EMI 1995 Annual Report

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strong releases Steven Crlftls Chapm.n EMI Classlcg EMI Classics enjoyed continuing strong sales from the 1993 release ofCanto Gregoriano by the Benedictine Monks ofSanto Domingo. In August, EMI Classics signed a major contract with world-renowned cellist and maestro Mstislav Rostropovich for his frrst-ever recording ofthe lnt€rnation.l su
Other business developments EMI made several strategic investments during the year to position itself for future growth. EMI, along with three other music companies, made a joint venture investment in Channel [V], a 24-hourAsian music video channel on the Hong Kong-based StarTV. Channel [V] currently broadcasts to more than 50 million homes across Asia,lndia and the Middle East, regions with huge grolvth potential.In North America, EMI created the music industry's pre-eminent Christian music group through the acquisition of Star Song Communications - which, along with EMI's Sparrow Records, became the EMI Christian Music Group - and the formation ofChordant Distribution, distributing the leading artists in Christian music through EMI-owned labels as well as all distributed labels, including Forefront, Warner Alliance, GospoCentric and others. EMI was active on a number of other inyestment fronts. It acquired lntercord Tongesellschaft, the leading independent record company in Germany. EMI firmly established Virgin's start-up label Noo-Trybe as a formidable player in rap music while also acquiring the rights to the recordings ofseveral artists ofthe rap music label Rap-A-Lot. Internationalln EMI gained controlling interest in Toshiba-EMI which, with the full Among rtrong lntern.tional performels for EMlwere ln lap.n, and G€rmany's MaglcAffair. acquisition of the Toshiba-EMI music publishing compann will allow EMI to strengthen its Norway'sTrlne Rcln (top), position as the No.2 music company inJapan, the world's second largest music market. who.(hl€Ycd strong saleg Continuing its global expansion, EMI also started an operating company in Poland, purchased a controlling interest in a Philippines company and will be opening companies in the Middle East and Colombia over the next several months. lim Flfield Presjdent and Chief Executiue Officer. EMI Music
Page 1 and 2: accounts
Page 3 and 4: Operating profit
Page 5 and 6: ETHoRN EMt Annual General Meeting T
Page 7 and 8: It is the Remuneration Committee's
Page 9 and 10: (d) On exercise of options the Comp
Page 11: 7. Ordinary Resolution THAT the Dir
Page 14 and 15: Chairman's statement The year was o
Page 16 and 17: Chairman's statement economy and to
Page 18 and 19: Financial review Simon Duffy Group
Page 20 and 21: Financial review Other exceptional
Page 22 and 23: EMI a repeat performance Country su
Page 26 and 27: increasing Pace of THORN achieved
Page 28 and 29: Reshaping business NewZealand was e
Page 30 and 31: HMV customer-driven performance An
Page 32 and 33: lnvestih$ in tomorrow's world...
Page 34 and 35: A ta rg eted programme of community
Page 36 and 37: Prog ress towa rds env:ronmental im
Page 38 and 39: controlling key impacts CO, emifted
Page 40 and 41: Board of Directors Sir Colin Southg
Page 42 and 43: Directors'Report for the year ended
Page 44 and 45: Directors' Report The internal cont
Page 46 and 47: Auditors'report Report of the Audit
Page 48 and 49: Accounting policies Depreciation of
Page 50 and 51: Consolidated profit and loss accoun
Page 52 and 53: Group Fixed arsetr Music publis
Page 54 and 55: Statement of total recognised galns
Page 56 and 57: Notes to the accountr 2. Analysis o
Page 58 and 59: Notes to the accounts 8. Exceptlona
Page 60 and 61: Noter to the accounts I l.Tanglble
Page 62 and 63: Notes to the accounts 12, Flxed ass
Page 64 and 65: Notes to the account3 15. lnvestmen
Page 66 and 67: Noter to the accounts 16. Borrowing
Page 68 and 69: Notes to the accounts of changer i
Page 70 and 71: Notes to the a(counts 23.5hare capi
Page 72 and 73: NoteJ to the accounts 26. tinancial
Page 74 and 75:
Notes to the accounts 29, Dispotal
Page 76 and 77:
Notes to the a(counts 3O. Purchase
Page 78 and 79:
Notes to the accounts 32. Directors
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Notes to the a
Page 86 and 87:
Notes to the a(counts 32, Directors
Page 88 and 89:
Five year summary for the years to
Page 90 and 91:
lnvestor information Financial cale
Page 92 and 93:
Tlte nz,er and bus;flut otnlaieu pa
Page 95 and 96:
"The British music scene is enioyin
Page 97 and 98:
From {\ "Alternative music is quick
Page 99:
iii0 . ,'.' H'] .I . ar
Page 103 and 104:
develop a unique catalogue of recor
Page 105:
thc,rcore,rudielceorlttr,rctrl,rrge
Page 109 and 110:
to ownership opportunity. The intro
Page 111 and 112:
to idcntif,v and exploit synerg-r;
Page 113 and 114:
Curtomer 5atisfa
Page 115:
Street, HMV's UK 1-lagship store re
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Thorn-EMI 1995 Annual Report

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