EMI to remain a member of IFPI

London, UK. (Top40 Charts/ IFPI) - Leading record company EMI has announced it will remain a member of IFPI, the trade association that represents the recording industry worldwide.

IFPI represents more than 1,400 members in over 73 countries and works with affiliated national groups in 48 countries. Its mission is to promote the value of recorded music, safeguard the rights of record producers and expand the commercial uses of recorded music.

Jean-Francois Cecillon, President, EMI Music International Labels, said: "We undertook to work with our colleagues in the other major labels and with John Kennedy on a cost saving plan for the IFPI and together we have been able to find solutions which we believe are achievable whilst maintaining what the IFPI does best in representing our industry. I am glad to say that on the basis of those discussions we have been able to confirm our continued membership of the IFPI and we look forward to working with the IFPI on the crucial issues that our industry faces."

John Kennedy, Chairman and Chief Executive of IFPI, says: "I am delighted that EMI has decided to continue working with IFPI. It is extremely valuable for us to have their support in trying to address the many different challenges the recording industry is facing and addressing."