Operation of a music publishing company as well as the acquisition of participations in companies of this kind, execution of all relevant business transactions in the music publishing industry, production and financing of music recordings and their exploitation on an international basis. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business activities that are directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.