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Nathan_86
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Post subject: EMI Going Bust?  Posted: Thu Apr 01, 2010 8:08 pm |
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| Joined: | 15 Jun 2007 |
| Posts: | 599 |
| Location: | Australia |
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(there's too many articles about this to link to, just do a google news search for "EMI"...)
Basically, Terra Firma (the group that owns EMI) need to raise at least 120 million pounds within 2 months to avoid a takeover by Citigroup (who backed to loan the company used to purachase EMI).
Thoughts?
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Geff R.
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Post subject: EMI Going Bust? Posted: Thu Apr 01, 2010 11:08 pm |
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I love Music & hate brickwalled audio
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| Joined: | 27 Sep 2006 |
| Posts: | 37652 |
| Location: | The Pasture |
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Citigroup as a record label????? Wow; but it has been the trend for the bean counters to take over the music biz the last 25 years or so........
I can just picture using Beatles songs to sell Mortgages........
_________________
Putty Cats are God's gift to the universe.
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Nathan_86
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Post subject: EMI Going Bust? Posted: Fri Apr 02, 2010 3:07 am |
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| Joined: | 15 Jun 2007 |
| Posts: | 599 |
| Location: | Australia |
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I'd assume if Citigroup took control; they'd just wind it up and sell off their assets (which would mean EMIs back catalogue would probably get purchased by another major; which I don't like the thought of)
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Geff R.
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Post subject: EMI Going Bust? Posted: Fri Apr 02, 2010 2:05 pm |
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I love Music & hate brickwalled audio
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| Joined: | 27 Sep 2006 |
| Posts: | 37652 |
| Location: | The Pasture |
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Didn't some government already block an EMI/WEA merger?
_________________
Putty Cats are God's gift to the universe.
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Steve
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Post subject: EMI Going Bust? Posted: Fri Apr 02, 2010 3:00 pm |
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What do you call a camel with three humps?
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| Joined: | 21 Oct 2004 |
| Posts: | 58174 |
| Location: | Indiana |
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I hear a Beatles son on Pandora during the commercial break, used to sell something or other.
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