Newly uncovered emails suggest that Jeffrey Epstein expressed interest in investing in EMI Records, a prominent player in the music industry, due to implications that it could provide him access to women. The correspondence, recently made public by the United States Department of Justice, highlights Epstein’s troubling language and intentions.
Epstein’s Correspondence with David Stern
In the emails exchanged between Epstein and his associate David Stern, the latter hinted that the music industry was “related to P,” a term believed to be a derogatory reference Epstein frequently used to describe women. Epstein’s response indicated his eagerness to explore this opportunity further, questioning whether he required assistance from Lord Mandelson, a prominent British politician at the time.
Stern, a businessman based in London with connections to the British royal family, acted as an intermediary for various business dealings, including those involving Prince Andrew. His emails to Epstein often discussed potential ventures, and in February 2010, he forwarded an article detailing EMI’s financial difficulties, characterising the industry as “troubled” yet still connected to his unsettling notion of “P.”
The Role of Lord Mandelson
At the time of these exchanges, Lord Mandelson was serving as the First Secretary of State and Business Secretary in the UK government. Stern indicated it was premature to involve Mandelson until further details were clarified. In subsequent communications, Epstein sought Mandelson’s contact information to discuss the potential EMI investment, illustrating the high-profile connections at play.
Epstein’s approach to business often involved leveraging his network, and he suggested bringing in Tommy Mottola, a former CEO of Sony Music, to manage the investment if it materialised. While Mottola’s name frequently appeared in the newly released files, he has denied any wrongdoing or association with Epstein’s illicit activities.
Failed Investment and Continued Interest
Ultimately, Epstein’s interest in EMI did not result in a successful investment. By 2011, Citigroup had assumed control of EMI, and discussions regarding a potential acquisition within Epstein’s circle persisted. Businessman Kevin Law communicated with Epstein, proposing to connect Prince Andrew with private equity firm KKR, which had previously expressed interest in the struggling record label. Law later clarified that he had never pursued a bid for EMI nor had any business dealings with Epstein.
Despite the ongoing discussions, Epstein’s attempts to acquire EMI ultimately fizzled. In a later split, Citigroup divided EMI into two entities, with the company eventually sold to Universal Music and a consortium that included Sony and David Geffen.
Broader Implications of Epstein’s Business Interests
The released documents also reveal Epstein’s continued discussions about acquiring model agencies and fashion businesses, raising concerns about his connections to the fashion industry. French authorities had previously scrutinised Epstein’s ties to Jean-Luc Brunel, suggesting that he may have exploited these connections for nefarious purposes.
Why it Matters
The revelations surrounding Epstein’s interest in EMI Records underscore a broader narrative about the intersections of power, wealth, and exploitation. By examining the dynamics of Epstein’s business engagements and the language used within his communications, we gain insight into his disturbing motivations and the systemic issues that allowed such behaviour to persist unchecked. This case highlights the urgent need for accountability within industries that have historically been vulnerable to manipulation, particularly regarding the treatment of women.