The new EMI

Obviously, anyone connected with the EMI which had run itself so badly into the ground it got taken over by a German cafe business has hardly covered themselves in glory over the last few years, so a change at the Terra Firma owned company wasn't unexpected.

Eric Nicoli, who's been with EMI for 14 years, is leaving the CEO role and the company; in charge now will be two Terra Firma managing directors:

Chris Roling has been appointed as Chief Operating Officer of EMI Group and Chief Financial Officer of both EMI Group and EMI Music and Ashley Unwin as Director of Business Transformation for EMI Group and EMI Music.

Indeed, the direction of the company is going to be shaped completely by the private equity guys. It feels more and more like EMI have left the music industry altogether.