Rolf Schmidt Holtz

Pursuit of Britain's EMI not out of the question, says Sony Music

Rolf-Schmidt-HoltzAccording to the media reports, Sony Music Chief Executive Officer Rolf Schmidt-Holtz said pursuit of Britain's EMI, the label owning the music of The Beatles, was not out of the question.

The New York Post reported on Monday that Schmidt-Holtz said, "We are in a position that allows us to seize every opportunity in the market, including EMI."

It was also noted by the report that EMI is owned by private equity firm Terra Firma Capital Partners, which borrowed $4.73 billion from Citigroup to purchase EMI in 2007.

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