Hmmm, interesting comments in The Times regarding rumours new EMI owners Terra Firma are considering trying to steal Warner Music chief Lyor Cohen to help them reinvent their new acquisition. Though the broadsheet doesn't seem convinced they'll get him. Here's what they say: "Lyor Cohen to run EMI? OK, probably not, but even the thought that the ultra-competitive American, currently running US recorded music for Warner, could come to EMI is irresistible. One consultant who has talked to Terra Firma says that they are underwhelmed by the executives they have not yet eased out, and as everybody in the record business knows, Mr Cohen's four-year deal runs until next March. But seeing as he was paid $6 million last year, owns 1.1% of Warner, and his boss Edgar Bronfman is reluctant to lose him, it could all prove far too costly".
Oct 8, 2007
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1 min read
EMI to steal Warner chief?
The Times suggests new EMI owners Terra Firma may try to hire Warner Music's Lyor Cohen, though it considers this unlikely given his contract and costs.