The International Music Network, the music rights company owned by former PRS chairman Ellis Rich, is seemingly in administration, Music Week has noted. According to Companies House records, an administrator was appointed in late December.
Formed in 1989, IMN actually operates under the name the Independent Music Group, though the trading company was International Music Network Ltd, owned outright by Ellis, which in turn owns various subsidiaries, mainly smaller music publishers it has acquired over the years. A separate Ellis-owned company called Independent Music Group Ltd also exists, though this is officially listed as ‘non-trading’.
Music Week says the wider company is still operating, but under administrators Andrew Andronikou and Michael Kiely of UHY Hacker Young. Neither the administrators nor the company have as yet commented on the matter.
Having begun his career at EMI, Rich has been a high profile player in the music publishing space through his involvement with the sector’s trade bodies and collecting societies (and latterly is often noted as being Simon Cowell’s first business partner).
Sections: Music Business | Tags: Ellis Rich, International Music Network
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