About Us   Jobs   Contact Us      


 
Google  

EMI Withdraws from China, Following HK Acquisition
    2008-08-04 21:17:06     CRIENGLISH.com

Norman Cheng plays guitar while his son, singer-actor Ronald Cheng sings in an undated photo. [File Photo: tangshan.cc]

Norman Cheng, former chairman of EMI Music Asia, has acquired the British music company's entire business in China. Analysts say this will unfold a new chapter for the Mando-pop industry.

EMI announced on Sunday that Cheng, a Hong Kong native, made the purchase for at least 100 million Hong Kong dollars, Sohu.com reported. The exact amount was not revealed.

This means EMI, which entered China in the early 20th century, officially withdrew from the Chinese market.

All Chinese entertainers previously signed with EMI will renew their contracts with Cheng's new company Typhoon Group, Sohu.com reported. They include Taiwan pop divas Jolin Tsai and A-mei, Taiwan R&B singer David Tao, mainland singers Hu Yanbin and Xu Wei, and Hong Kong star Ronald Cheng, son of Norman Cheng.

As many people are concerned over the stars' future, some of them expressed their confidence in Cheng.

A-mei told Sohu, "I believe in him. The acquisition won't affect me much."

Ronald Cheng also offered support for his father, calling the purchase a good thing.

According to Norman Cheng, Typhoon Group will handle the entertainers' albums and film releases in China, while EMI will continue to promote them overseas. Under an agreement reached by the two companies, Typhoon Group will also help EMI-signed Western artists explore the Chinese market.

Cheng, a guitarist himself and long-time fixture in the Chinese music scene, has contributed to the popularity of veteran stars such as Teresa Teng, Leslie Cheung, Andy Lau and Jacky Cheung.

EMI's chief operating officer Chris Roling said he was impressed by Cheng's ability to promote musicians, and called the new alliance cost-cutting.

Analysts say EMI was struggling to adapt itself to the booming digital music in China, which is a major reason for a decline in album sales.

Cheng, however, is optimistic, saying he has seen a potential market in the diversified ways that music reaches the audience.

 
Share

                  
Recommend


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Also on our site
China | World
• Russian Natural Gas Supplies to Balkans Halted
• Three Israeli Soldiers Killed in Friendly Fire in Gaza
• Polanski's Lawyers Seek to Have Sex Case Dismissed
• Foreign Journalists still Not Allowed into Gaza
• US VP-elect Joe Biden to Visit Pakistan
• China Curbs Overseas Trips on Public Expense
Business | Sports | SciTech
• China Issues Long-awaited 3G Licenses
• Wahaha, Danone Start Trademark Arbitration
• GM Reports 31 Percent Sales Decline in U.S. Market
• Call for More Overseas Talents
• Bulgarian Figure Skating Champion Sentenced to 2.5 Years in Prison
• China's Mission to Mars Set for Take-off
Life | Showbiz
• A Seemingly Endless Scandal
• Asian Art Top Show Kicks off in Beijing
• Behind-the-Scene Photos of "Look for a Star"
• Universal Pictures Movies Set New B.O. Record in 2008
• Tan Dun's Deep Pool of talent
• Top 10 Shows in 2008 
Webcast  
• China Drive, Afternoon, 2009-01-07
• China Drive, Afternoon, 2009-01-06
• China Drive, Morning, 2009-01-06
• Official Property Declaration System
• India handed over evidence of Mumbai attacks to Pakistan
• EU delegation holds talks to push for a cease-fire in Gaza
• Mubarak Meets with EU Troika on Gaza Situation
• Bush says any Gaza ceasefire must stop Hamas rocket fire
 
View the Messages