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Newly released emails reveal that Jeffrey Epstein contemplated investing in the music company EMI after his associate David Stern hinted that the opportunity might provide access to women. In their correspondence, Epstein expressed interest and asked, “Do we need help – mandelson? [sic]” However, neither Stern nor Lord Mandelson responded to requests for comment regarding these exchanges.
EMI, once a major force in the music industry through its subsidiary EMI Records, was experiencing financial difficulties at the time. Stern shared a brief news article about EMI’s troubles with Epstein in February 2010, noting the company’s challenges but adding it was still “related to P.” This shorthand “P,” frequently used by Epstein, is believed to reference women in a derogatory manner. Stern also sent Epstein greetings peppered with the phrase “lots of P” and offered tickets to view “Chinese P” at a fashion show. He rated various locations and events with a so-called “P factor,” giving Ibiza a high score and Sarah Ferguson’s birthday party a very low one.
During this period, Epstein considered involving Lord Mandelson, who then held significant positions in the UK government as First Secretary of State and Business Secretary. Stern, however, responded that it was “too early to get Mandelson involved before i know more.” Epstein subsequently reached out to Mandelson directly about EMI, requesting contact details for someone named Ben, whose identity remains unclear. Epstein also suggested that if the investment proceeded, he would want former Sony Music CEO Tommy Mottola to manage the efforts. Mottola did not respond to requests for comment on the matter.
Ultimately, Epstein’s plans to acquire EMI did not come to fruition, and Citigroup, EMI’s primary lender, took control. Later discussions in 2011 indicated that Epstein’s circle was still exploring options for a bid. Businessman Kevin Law referenced a potential syndicate linked to KKR, a private equity firm with stakes in the music industry, although Law denied involvement in any deal with Epstein and stated he did not know the individual thought to be “Andrew” in their communications. Despite Stern’s ongoing enthusiasm about acquiring a record company, noting its appeal to Chinese investors and value regarding “P,” Epstein never finalized a purchase. EMI was eventually split and sold in parts to Universal Music and a consortium including Sony and David Geffen. The Department of Justice files also exposed conversations about purchasing fashion and modeling businesses, none of which materialized. French prosecutors have previously suspected that Epstein used contacts like Jean-Luc Brunel in the fashion industry to facilitate the exploitation and transport of young girls
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