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.


3 comments:

moosh said...

Unrelatef but I thought you would love to know that gennaro castaldo was quoted in this week's Heat magazine, albeit aboutJordan calendars. He's multitalented that guy.

simon h b said...

I might have to go and have a sneaky look at that in Smiths. Do they give him a special job title like 'HMV's expert in horology and almanacs....'?

moosh said...

I think it might just have been king of everything

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