EMI UK chief goes
EMI Music UK chief Tony Wadsworth is stepping down as part of restructuring under owner Guy Hands, with Roger Ames taking over A&R.…
Guy Hands
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Yorke denies EMI deal failed over cash demands
Thom Yorke has accused EMI of lying after the label said Radiohead's failed re-signing was due to excessive money demands, which the band deny.…
BPI confident new budget won't alienate indies
The BPI says its 2008 budget cuts, which reduce major label contributions by up to 30%, have indie support, as indie subscriptions stay the same, according to Geoff Taylor.…
BPI cuts costs and reduces major label subscriptions
The BPI has approved a 2008 budget with cuts that will reduce subscriptions for major record companies, though indie fees remain unchanged, says Geoff Taylor.…
EMI seek to reassure artists
EMI boss Guy Hands has written to artists reassuring them about the label's future, after a staff memo criticised some artists, while managers remain unconvinced.…
Terra Firma complete £250 million equity sale on EMI
Terra Firma is reportedly close to raising £250 million by selling 15% of EMI to other investors, with plans to exit in 2012 at around £9.4 billion.…
Hands not impressed with EMI excesses
EMI boss Guy Hands has reportedly accused former chief Eric Nicoli's team of wasting up to £100 million a year on excesses including gifts, apartments and candles.…
EMI boss proposes overhaul of costly industry associations
EMI boss Guy Hands has reportedly questioned the cost of the record industry's three trade bodies, with the IFPI expected to face a review of its budget and role.…
Hands expects good return on EMI investment through cuts and digital boost
Guy Hands has reportedly told potential investors they could earn two to four times their money in EMI over five years via cost cuts, digital growth and acquisitions.…
Another non-music appointment to EMI investor board
EMI has appointed former Northern Foods boss Pat O'Driscoll to its investor board, with chief Guy Hands saying she will help EMI make the most of its people.…
Hands demands cultural change in EMI memo
In a leaked internal memo, EMI boss Guy Hands calls for a radical cultural change, better collaboration and greater artist accountability, and says he is recruiting from outside the record industry.…
Terra Firma refinances to spread EMI risk
Terra Firma chief Guy Hands is reportedly refinancing to share the risk of his EMI purchase, diluting Terra Firma's equity stake and meeting private equity firms and hedge funds.…