We value your privacy

We use cookies to enhance your browsing experience, content, and analyse our traffic. Privacy Policy

Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions.

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.

Powered by Cookieyes logo
Latest

Industry news & advice blog

Crazy times at EMI

News: 19th October 2010 by Louise Dodgson under Record Labels

About a year ago Guy Hands realised he made a mistake when he bought EMI 3 years ago, and as a result is taking his bank Citigroup to court over the terms of the deal. Hands claims that he was tricked into paying over the odds for the label and was led to believe that a rival bidder was waiting in the wings. The courtcase starts today so it will be interesting to see what comes of it.

Meanwhile, EMI have found some extra funding to plug the deficit in their pension payments. The Pensions Regulator insisted that the shortfall needed to be made up, and this has been yet another financial weight hanging around the shoulders of EMI.

Related Links

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/8067663/EMI-moves-to-plug-pensions-hole-with-197m-funding-injection.html

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8067367/EMIs-Guy-Hands-Citigroups-David-Wormsley-and-the-fight-for-Dizzee-plc.html

http://www.telegraph.co.uk/finance/comment/8069636/Private-equity-is-good-for-business-and-the-British-economys-future.html

http://www.bbc.co.uk/news/business-11564683

Tags

emi, record label, guy hands, major label, record company, terra firma

 

Your Comments

Blog

See more »
The Unsigned Guide Spotlight: September 2024
* The Unsigned Guide is 21! * Check out 21 incredible emerging Spotlight artists who are making waves
The Unsigned Guide Spotlight: August 2024
Ends midnight tomorrow! Save 50% on annual subscription to The Unsigned Guide
The Unsigned Guide Spotlight: July 2024
The Unsigned Guide Spotlight: June 2024