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Thorn EMI, the British music and lighting supply conglomerate that has been on a music buying binge in recent years, agreed Wednesday to acquire the music publishing company Filmtrax for as much as $115 million.
The 90,000-song catalogue of London-based Filmtrax includes such compositions as "Stormy Weather," "Against All Odds" and "The Greatest Love of All."
Its acquisition would come on top of Thorn's recent investment in Chrysalis Records and Enigma Records as well as its purchase of the SBK music catalogue last year for $295 million. The addition of Filmtrax would make Thorn one of the world's largest music publishing concerns, with more than 600,000 titles.
"Filmtrax group . . . will enhance our ability to excel in a marketplace with ever-increasing demands for music in all areas of the media," said Charles Koppelman, chairman and chief executive of EMI Music Publishing. "We...