EMI

So a lot of people are hating Guy Hands, his private equity firm and the 2,000 redundancies which have come about as a result of his new purchase – EMI. I on the other hand (see what I did there) think what he’s doing could be the start of an exciting new era for the music industry and even if its not anyone who sends a million copies of Robbie Williams album to China to be used for road surfacing and street lighting is more than alright in my books.”About 85% of what EMI does release never makes a profit, in part because of the cash spent signing bands and partly due to overestimating demand. For instance, the company is understood to have more than a million unsold copies of Robbie Williams’s Rudebox album, which it will send to China to be crushed up and used in road surfacing and street lighting.”Source: Guardian Unlimited

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s