Tag Archive
Welcome EMI
I want to officially welcome Elio Leoni-Sceti, Ronn Werre and Sylvia Coleman of EMI to my little site. I was in London a couple of days ago with a friend and we just happened to bump into the three of them and I was introduced. They told me that they were avid readers so... »
The Show Must Go On
In case you haven’t heard, Michael Jackson died recently, leaving behind a lot of debts, a custody battle over his kids, an estate that must look like a rubic cube and AEG Live holding the bag. I’ve know Brandon K (Randy) Phillips, president of AEG Live, for 30 years, when he was a piss... »
EMI To Mom & Pops: Eat Cake Bitch
Here’s a really good one for you. Last week EMI sales reps started making calls to many if not all of their small accounts, mostly independent mom & pop stores, to tell them that they would no longer sell them product!!! Were these accounts bad payers? Nope. Would they not stock catalog or new... »
Will Twitter Become The New MySpace Music?
Many journalists have written about the lack of a business model for Twitter. It seems to boggle a lot of minds that Twitter has become so big and yet to make a nickel. In fact, many question the real usefulness of Twitter, finding the whole concept of Tweeting rather stupid. Remember when Stephen Colbert... »
EMI: Round And Round…Again
God I know it may be getting old, but EMI just never fails to do stupid stuff to keep jerks like me interested. This time, they’ve started their own HR merry-go-round. Maybe musical chairs would be a better metaphor. A friend in London was telling me a crazy story. Everyone knows that EMI has been... »
London Calling
I know that I have been writing a lot lately about EMI. I know that it seems as though I’m beating up on them. But to paraphrase the great Willie “The Actor” Sutton’s response when asked why he robbed banks, “Because that’s where the money is”. Last week brought lots of news from the ongoing... »
Elio Speaks: What, Me Worry?
The following is an internal memo from EMI’sElio Leoni-Sceti to his staff: Dear all: Over the past couple of days, there have been some misleading and inaccurate media reports about EMI’s financial position. You may receive questions from artists and business partners. The facts are as follows: EMI’s financial structure EMI has an extremely stable and flexible financial structure.... »
EMI Tapped Out
The Wall Street Journal reported last week that Terra Firma had to put up another $44.8 million to bail out EMI. Of course everyone at EMI didn’t know about it because they’ve been forced to cancel their subscriptons to the WSJ in cost cutting moves. So this brings Terra Firma’s investment in EMI to... »
EMI: Cost Cutting For Fun And Profit
Amidst all the bad news for record companies lately, the newly reconstituted EMI was bubbly last week when the company announced a $246 million profit. Of course that profit was a direct result of massive cost cutting. And from what I hear, the cuts are very, very deep. A buddy of mine was visiting the... »
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