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EMI's publishing arm ups sticks to Group HQ.

Music Week

| September 08, 2007 | COPYRIGHT 2007 CMP Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

EMI Music Publishing is exiting its London home in Charing Cross Road after two decades next month, to move to the second floor of EMI Group's Wrights Lane offices.

A total of 111 employees - including 49 European staff - will be affected by the move, which was apparently planned months ago before Terra Firma's acquisition was approved and comes down to space and cost- saving considerations.

"It makes financial sense," says an insider. "The offices also needed refurbishing and there was the threat of [disruption due to] Crossrail at the site, so there were a few issues to consider."

Roger Faxon - who became chairman and sole CEO of EMI Music Publishing globally in the spring following the departure of Marty Bandier - will continue to remain in charge of music publishing under Terra Firma. Faxon's career is not steeped in music publishing - at the end of 2004 he was still ...

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