Posted in industry | music on April 1, 2010

"Struggling music group EMI faces being taken over by its bankers after failing to clinch a deal to sell the North American distribution rights for its artists to Universal Music Group or Sony Music... The collapse of talks leaves EMI battling to raise 120 million pounds by mid-June to meet its commitments on loans from U.S. bank Citigroup... Adding to the company's woes, Pink Floyd successfully sued the company for selling individual tracks digitally and Chief Executive Elio Leoni-Sceti quit the group last month after just 18 months in the job." [AP]

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Tags: EMI, Pink Floyd

Comments (4)

not sure how to feel about this. kind of think it's sad the music industry is in the shitter and on the other hand I sort of don't give a shit about EMI.

Posted by Anonymous | April 1, 2010 10:40 AM

Good riddance. Fuck the industry

Posted by Anonymous | April 1, 2010 2:02 PM

The BANKERS RULE YOUR WORLD.

Posted by Anonymous | April 1, 2010 2:09 PM

http://www.youtube.com/watch?v=kjbie1O1jxc

EMIiiiiii

e.m.i. e.m.i. e.m.i.
unlimited edition
with an unlimited supply
that was the only reason
we all had to say goodbye
unlimited supply e.m.i.
there is no reason why e.m.i.
i tell you it was all a frame e.m.i.
they only did it 'cos of fame e.m.i.
i do not need the pressure e.m.i.
i can't stand those useless fools e.m.i.

Posted by Anonymous | April 12, 2010 2:58 PM

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