Roger Faxon, the newly installed EMI Group CEO, is expected to present his plan for turning around the struggling music label to boss Guy Hands in the next two weeks, sources tell The Post.
Faxon’s plan, the sources add, includes new distribution deals and securitizing assets on the publishing side.
“They’re looking at new ways to monetize their assets,” said one source. “They’re looking for distribution deals or a sale on the recorded music side.”
While EMI boasts successful artists such as Katy Perry, Coldplay and Robbie Williams, the iconic British music company is struggling to stay afloat.
Distribution deals, which involve outsourcing the delivery and sale of music to retailers and digital distribution platforms, would help EMI cut its internal sales and marketing expenses.
On the publishing side, EMI may cherry-pick certain catalogs and securitize them, which involves giving up a stake in the catalog for up-front cash. EMI declined to comment.