EMI foreclosure

Started by Scarpia, February 04, 2010, 01:54:31 PM

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Scarpia

February 04, 2010, 01:54:31 PM

According to the Associated Press, Citigroup is close to foreclosing the parent of EMI, which is in default on a large dept.  What this would mean for the classical division is anyone's guess.

Lethevich

#1
February 04, 2010, 01:56:34 PM
Hopefully a new company will step in which can exploit EMI's rich archive more effectively than the company has been doing so far (ultra cheap boxes released with almost no marketing to just select countries, for eg).
Peanut butter, flour and sugar do not make cookies. They make FIRE.

eyeresist

#2
February 04, 2010, 03:36:49 PM
Quote from: Lethe on February 04, 2010, 01:56:34 PM
Hopefully a new company will step in which can exploit EMI's rich archive more effectively than the company has been doing so far (ultra cheap boxes released with almost no marketing to just select countries, for eg).

Still resulting in a ton of EMI in my collection.

Coopmv

#3
February 04, 2010, 06:00:24 PM
Quote from: Lethe on February 04, 2010, 01:56:34 PM
Hopefully a new company will step in which can exploit EMI's rich archive more effectively than the company has been doing so far (ultra cheap boxes released with almost no marketing to just select countries, for eg).

The seeds of destruction were sown years ago when it offered the likes of Janet Jackson $100M recording contract.  What planet did those EMI executives thought they were from ...   :o

Lilas Pastia

#4
February 04, 2010, 06:15:25 PM
Quote from: Coopmv on February 04, 2010, 06:00:24 PM
The seeds of destruction were sown years ago when it offered the likes of Janet Jackson $100M recording contract.  What planet did those EMI executives thought they were from ...   :o


:o :o 100M? For Janet Jackson??? Egad! No wonder they're in trouble. Whom do we sue?

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