Major record label EMI on Friday announced a restructuring plan that will see the company combine its music publishing and recorded music divisions, to be led by former EMI publishing head Roger Faxon. “More music is being used than ever before, despite the continued decline in global music revenues. As a result, the management structure of EMI is being changed to enable the company to reposition itself as a comprehensive rights management company that can take full advantage of all global opportunities in all markets for music,” the company said in a statement.

Charles Allen, formerly non-executive chairman of EMI Recorded Music, will be become an adviser to EMI and corporate parent Terra Firma.

“I believe that the two divisions working in concert with one another as a global rights management business, can and will deliver for the artists and songwriters that we are privileged to work with now and in the future,” said Faxon.