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Posted in industry | music on January 25, 2007
"EMI merges Capitol and Virgin labels in U.S"
"EMI Group, the third largest music company in the world, said on Thursday it is merging its Capitol and Virgin record labels in the U.S. to create The Capitol Music Group........EMI, like other major music companies, is restructuring to cope with the move of music sales from the dominant physical format of CDs to digital music downloads through personal computers and mobile phones." [Reuters]
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Posted on January 25, 2007 3:18 PM
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Comments (5)
hmmm...wonder how this will effect caroline distribution
Posted by Anonymous | January 25, 2007 3:59 PM
This is where the end of the world textbook will start.
Posted by Anonymous | January 25, 2007 5:37 PM
"Bruce Lundvall at Blue Note will continue to report to Nicoli. Others divisons, such as Capitol Nashville, Caroline Distribution and EMI Music Christian Group, will continue to report to Ivan Gavin." (posted on coolfer)
Posted by Anonymous | January 25, 2007 5:52 PM
Copy/paste from a Rope newbie: "Only a portion of the Interpol advance has been paid. EMI may back out."
Posted by Anonymous | January 25, 2007 6:31 PM
Why does this stuff keep happening? Nobody stops these mergers, and we feel helpless because of them. And Interpol, I love them, how can this be? This really is terrible news. I bet the companies would love to all merge and become one giant, hideous, all-consuming body.
But I'm inherently troubled by any small number of people possessing all the power.
Posted by Anonymous | February 21, 2007 11:12 PM