Rak Sanghvi is understood to have exited as Sony/ATV UK managing director as the company gears up for the takeover of EMI Music Publishing.
Sanghvi joined the company in 1997, initially as business affairs manager before becoming general manager and then deputy managing director before taking up the position of managing director in May 2005 following the departure of Charlie Pinder. He previously worked as a solicitor with City firm City firm Nicholson, Graham and Jones on corporate joint ventures, TV and film production, and distribution before joining Philips Interactive Media.
The Sony/ATV-led consortium, which includes the publishing company’s two partners Sony Corporation and the Michael Jackson estate and also the Mubadala Development Company, won European Commission approval in April for its $2.2bn (£1.4bn) takeover of EMI Music Publishing. This came with a series of strict conditions, including the disposal of assets and having to let go of a dozen contemporary Anglo-American songwriters.
Approval for the deal is still awaited in other territories, including the US where it is being examined by the Federal Trade Commission.
Music Week
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