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Record label EMI faces bank takeover due to debts
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The following comments relate to this news article:

Record label EMI faces bank takeover due to debts

article published on 1 April, 2010

EMI, one of the "Big 4" record labels, appears to be on the brink of being taken over by banking behemoth Citigroup after failing to sell off its North American artist distribution rights to other labels. The label was looking to sell those artist rights to Sony and UMG for $300 million USD, but the negotiations broke down after the two sides could not agree on the price. EMI, for ... [ read the full article ]

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ivymike
Member
_ 		2. April 2010 @ 00:40 _ Link to this message    Send private message to this user   
RIP EMI - That's Rest In Hell or Good Riddens.
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elbald90
Member
_ 		2. April 2010 @ 04:24 _ Link to this message    Send private message to this user   
see ya
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creaky
Moderator
_ 		2. April 2010 @ 06:11 _ Link to this message    Send private message to this user   
Shame, my heart bleeds. All the big corps are owned by the banksters anyways
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This message has been edited since posting. Last time this message was edited on 2. April 2010 @ 06:12
llongtheD
Suspended due to non-functional email address
_ 		2. April 2010 @ 06:43 _ Link to this message    Send private message to this user   
Well this is like losing an appendage. From what other branch of the corporate music tree am I going to get my "pop" music from now?
Its a sad day for all.
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This message has been edited since posting. Last time this message was edited on 2. April 2010 @ 06:54
jjziman
Junior Member
_ 		2. April 2010 @ 12:03 _ Link to this message    Send private message to this user   
so sad. wait no. Hoot Hoot!!
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fanlayer
Suspended due to non-functional email address
_ 		2. April 2010 @ 12:32 _ Link to this message    Send private message to this user   
There won't be too many people upset about this one!
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stuntman_
Member
_ 		2. April 2010 @ 13:28 _ Link to this message    Send private message to this user   
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john_swan
Junior Member
_ 		2. April 2010 @ 15:34 _ Link to this message    Send private message to this user   
CitiBank and EMI would be an awesome merger. CitiBank would supply money. EMI would spend the money.
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Josipher
Member
_ 		2. April 2010 @ 17:29 _ Link to this message    Send private message to this user   
who says there's no karma :)
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nintenut
Senior Member

13 product reviews
_ 		2. April 2010 @ 21:25 _ Link to this message    Send private message to this user   
While I'm somewhat glad to see one of the biggest asshole companies in the industry go under, a lot of great artists were, unfortunately, signed to them.
Here's hoping they'll be able to sell their own music in the future, without it being sold to some other piece of crap they don't like.
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This message has been edited since posting. Last time this message was edited on 2. April 2010 @ 21:25
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