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January 14, 2008

More reports about the coming changes at EMI, which will be announced to its staff tomorrow.

Wall Street Journal: "The private equity firm, which bought EMI last year for £3.2 billion, plans to strip EMI's individual record labels such as Capitol, Virgin and Parlophone of many of their responsibilities. Most or all of the labels' sales and marketing staff will become part of a new global structure reporting to EMI's headquarters in London, according to the person. That should leave the labels to focus on signing up musicians and helping them create music, known in the industry as artists and repertoire or A&R."

Times Online: "The cutbacks will focus on recorded music, which is less profitable than publishing. Mr Hands wants to exploit further the back catalogue at EMI, the label behind Kylie, Norah Jones and the Beatles, by digitising more recordings."

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Posted by Glenn at 6:17 PM | | | EMI