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| A glimpse into the Private Equity future for EMI |
| Published: August 21, 2007, 4:41 pm |
| Tags: Terra Firma, Emi, Private Equity, Saatchi Saatchi |
| into the clutches of Terra Firma, EMI has outlined what the future holds. They're going to take the music that means something to people, and whore it out until it's an empty husk:"Our back catalog is so prestigious and so rich in heritage in its impact on pop culture that half our effort is reminding people and recreating awareness of |
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| The new EMI |
| Published: August 29, 2007, 3:40 pm |
| Tags: Terra Firma, Emi |
| years, so a change at the Terra Firma owned company wasn't unexpected.Eric Nicoli, who's been with EMI for 14 years, is leaving the CEO role and the company; in charge now will be two Terra Firma managing directors:Chris Roling has been appointed as Chief Operating Officer of EMI Group and Chief Financial Officer of both EMI Group and EMI |
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| EMI thinks this digital thing could be quite important |
| Published: October 9, 2007, 3:13 pm |
| Tags: Terra Firma, Emi, Guy Hands |
| if, when Guy Hands and Terra Firma bought EMI, he expected to discover an open embrace of the digital market; an awareness that the industry in which EMI exists has shifted irrevocably; an understanding that they'd been bought for a pittance by the German motorway cafe company because they hadn't been fast enough to adapt.Or if he knew he |
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| The dark side of equity EMI |
| Published: October 31, 2007, 12:34 pm |
| Tags: Terra Firma, Emi, Private Equity, Business |
| While the approach to the customer-facing business of Terra Firma's EMI has been encouraging, the nasty underbelly of private equity buyouts is still there: hundreds of jobs are being threatened as the company looks to balance its high-debt buyout; it's also seeking a range of partners to spread the risks across. |
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| Shape up, musicians: EMI crack the whip |
| Published: November 2, 2007, 9:52 am |
| Tags: Terra Firma, Emi, Guy Hands |
| to the music industry from Terra Firma is now starting to roll out to the artists, as Guy Hands issues a memo calling on his roster to work harder. Presumably if they don't, Robbie Williams will find his job offshored:Guy Hands, chief executive of Terra Firma, promised fundamental change in how EMI approached the music business, but |
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| Mann in suit |
| Published: November 7, 2007, 3:42 am |
| Tags: Terra Firma, Baa, Emi, John Birt, Billy Mann |
| Firma's EMI has drafted in music industry polymath Billy Mann to try and bring some experience of actually making music onto the board.While that's a smart move - Mann has a strong track record of songwriting, producing and even a spot of music journalism under his belt - some of the other new faces on the EMI board are a little surprising. |
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| EMI sues MP3Tunes sues EMI sues... |
| Published: November 11, 2007, 8:40 am |
| Tags: Terra Firma, Lawsuits, Emi, Mp3tunes |
| In what seems to be a never-ending spiral of lawsuits, EMI have responded to a lawsuit from MP3Tunes by suing back.MP3Tunes and Sideload are Michael Robertson's companies. He originally ran MP3.com, before that collapsed in lawsuits and he sold up to Universal. MP3Tunes is a musiclocker service, where you can upload songs and listen to them |
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| EMI plans: stage three - profit |
| Published: November 13, 2007, 5:35 pm |
| Tags: Terra Firma, Emi, Myspace, Business |
| loads of money by 2012:Terra Firma plans on increasing cash flow at its recorded music unit from $43 million to $1.1 billion in 2012Blimey, that sounds like a lot. How will it do that?Well, like the Tories, they're pledging to cut costs without actually being sure if the costs are cutable:Terra Firma thinks it can cut another $223 million |
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| Ed O'Brien: We quit because Terra Firma wasn't solid ground |
| Published: December 3, 2007, 9:02 am |
| Tags: Terra Firma, Radiohead, Ed O Brien, Emi |
| before, Guy Hands and Terra Firma, and they don't realise what they're dealing with."It was really sad to leave all the people. But he wouldn't give us what we wanted. He didn't know what to offer us. Terra Firma doesn't understand the music industry." Which may well be true - but then, as Radiohead's In Rainbows experiment showed, nobody |
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| Even more gloom for EMI |
| Published: January 7, 2008, 8:14 am |
| Tags: Terra Firma, Record Deals, Emi, Coldplay |
| a massive faultline. With Terra Firma promising even less to spend on marketing in future, EMI is starting to look more and more like it's turning into a business managing back catalogue than one releasing new |
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| EMI: can shrinking save a broken beast? |
| Published: January 15, 2008, 9:01 am |
| Tags: Terra Firma, Music Business, Emi, Financial Times, Guy Hands |
| Perhaps the most telling detail in the coverage of EMI's restructuring announcement is that it's not even made it to the front of the FT's website. EMI, once one of the biggest, proudest of British companies is pulling itself to pieces, and the FT doesn't even think it's that important.So, what's going to give, then? virtually everything, by the |
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| EMI falling apart in public |
| Published: January 14, 2008, 8:04 am |
| Tags: Terra Firma, Emi, Guy Hands |
| More previews of the EMI downsizing announcements for tomorrow - if they could get the papers interested in their acts they way they're interested in Hands' cuts, they'd be in clover.The job losses - or "tightening of support", as it's being euphemistically described - are going to be announced through that modern tool of corporate cowardice, the |
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| EMI lose its digital pilot |
| Published: January 17, 2008, 8:09 am |
| Tags: Terra Firma, Barney Wragg, Emi, Guy Hands, Digital |
| sparks for EMI since Terra Firma took over has been that its approached the digital marketplace with a new confidence. The man who's been driving EMI's digital strategy, pioneering a relaxed view of DRM free tracks, for example, has been Barney Wragg.Has been is key here: he's quit, apparently unhappy with the plans unveiled this week |
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| EMI: Economies of scale - they'll save us... |
| Published: January 18, 2008, 3:34 am |
| Tags: Terra Firma, Merger, Takeover, Emi, Chrysalis, Publishing |
| at the top level of Terra |
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| Guy Hands slaps A&R |
| Published: February 28, 2008, 8:28 am |
| Tags: Terra Firma, Marketing, Emi, A And R, Guy Hands |
| Having had some time to peer at the inner doings of EMI, Guy Hands has seen the role of A&R up close:"The power and the decision has sat with the A&R man, who is someone who gets up late in the day, listens to lots of music, goes to clubs, spends his time with artists and has a knack of knowing what would sell."So, people who live an |
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