EMI partially repay the debts because of The Beatles

EMI partially repay the debts because of The Beatles

A record company EMI said that she was able to greatly reduce operating losses by issuing remastered recordings The Beatles. It is reported by BBC News.
At the end of March 2010 EMI losses without tax payments declined from 1.75 billion to 624 million pounds. Current revenues increased by 5 percent - in the EMI is associated with the successful reissue back catalog of the Fab Four.

Nevertheless, the label said that it needs further work to increase revenue to pay off debts. The company EMI owes US bank Citigroup of about 3 billion pounds.

In September 2009, EMI re-released all the albums of The Beatles in mono and stereovariantah and with better sound quality. However, with remastered recordings were quite limited edition. Monoversii album and does have been transferred to digital format in its original form.

By the end of September of 2009, re-released The Beatles took in landscape Billboard charts all of the top ten, displacing from Topa even recording of Michael Jackson, the interest that has grown considerably after the death of singer June 25, 2009. The most popular among fans of the Fab Four appeared reissue of the album "Abbey Road", a vinyl original of which was released in 1969. In second place settled "Sgt. Pepper's Lonely Heart's Club Band" (1967 release), and "bronze" won the "White Album" (1968).

The British company EMI is one of the largest record labels in the world. Among the artists who produce their own recordings on EMI, include Coldplay, Blur, Gorillaz, Pet Shop Boys, Mariah Carey and many others.