Tuesday, March 30, 2010

EMI's plan B (or was it d?) flops

The last desperate push to keep EMI sort-of-independent seems like another fumble by the Terra Firma team: the Wall Street Journal reckons that Sony is about to walk away from negotiations to licence the EMI library in the US; Universal have already pulled out and Warners weren't talking to begin with.

EMI needs a lot of money in a hurry to service the stupidly large debt used to buy it. It doesn't seem to have any options left.


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