EMI, Grupo Televisa Form Partnership

London-based music company EMI Group and Mexico’s Grupo Televisa said they would form a record company in Mexico and a U.S. partnership that would give Televisa greater access to the U.S. market.

The new record company, called Televisa EMI Music, will be formed Sept. 1 and develop and market music from Televisa’s popular soap operas, including “Rebelde” and “Complices al Rescate.” Both shows feature young stars who have launched successful singing careers.

Televisa EMI Music also will produce compilation albums and develop new recording artists in Mexico, a market valued at $360 million in 2004, up 9% from the previous year.