Bronfman Jr chats to FT
Warner's Edgar Bronfman Jr tells FT.com he is optimistic about the majors' future, praising Guy Hands at EMI and saying any merger is possible but not probable.…
Terra Firma
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More EMI corporate gossip
Reports suggest Guy Hands is considering Marcello Bottoli as EMI CEO and possibly selling recorded music, while job cuts of up to 2,000 are yet to begin.…
EMI really relying on Coldplay success in States
According to The Times, EMI's US market share has fallen to a 50-year low, with the label relying heavily on Coldplay's 'Viva La Vida' to recover.…
Reports of snags in EMI downsizing plans
Billboard and Reuters report that EMI's planned job cuts have hit snags over employee and artist contract clauses, though insiders insist the restructuring is on schedule.…
New boards and promotions at EMI
EMI has replaced its music management board with a chairman's board and an operating board, alongside a series of executive promotions under chairman Guy Hands.…
Citigroup keep EMI loan
US bank Citigroup is reportedly not planning to sell on its loan to Terra Firma's EMI purchase, after failing to find a decent deal for the over £2 billion debt.…
Supergrass on EMI jobs cull
Supergrass's Gaz Coombes has said he hopes not too many key staff are lost in EMI's planned cull, which will cut a third of its UK workforce.…
EMI confirm staff consultation process under way
EMI has begun a staff consultation process to decide which third of its workforce will be cut under new owner Terra Firma, with the biggest cuts reportedly in sales, marketing and distribution.…
EMI begin consultation process over job cuts
EMI has begun a statutory consultation process with UK staff ahead of job cuts of over 1500 people in its recorded music and corporate divisions, with EMI Music Publishing unaffected.…
EMI appointments
Terra Firma MD Stephen Alexander becomes EMI Exec VP of Catalogue, Compilations, Studios and Archives, while Ronn Were takes on licensing and synch.…
Hands admits EMI is more challenging than he expected
Terra Firma boss Guy Hands tells a private equity conference that reinventing EMI has proved far tougher than expected, and criticises its A&R culture.…
BPI chair to stay on
Tony Wadsworth will remain BPI chairman despite leaving EMI UK's top job, after an EGM voted for him to stay on.…