by Bram Teitelman | Nov 5, 2010 | Legal Woes
In a ruling that’s a blow to one of the remaining four major label groups, private equity group Terra Firma has lost its court case against Citigroup accusing the bank of tricking them into overpaying for label group EMI in 2007. Terra Firma’s owner Guy...
by Zach Shaw | Aug 18, 2010 | Gloom And Doom, Label Moves
Hypebot is reporting that EMI revealed to investors this morning in their annual report that they experienced a net loss of $802 million this past year. If that wasn’t bad enough (after all, it wouldn’t be EMI without more bad news), they are also expecting to need...
by Zach Shaw | Jul 12, 2010 | Label Moves, Rumors and Gossip
EMI has been having a rough year so far, and is in need of desperate change just to stay afloat. Well if rumors are true, then they be announcing a drastic plan soon. Hypebot is reporting that EMI is set to announce a plan that will move distribution, sales and some...
by Bram Teitelman | May 12, 2010 | Label Moves
It’s awesome to be able to report good news every now and then. We reported earlier this week that Terra Firma, the investor group that owns label group EMI, needed to pay creditors $156 million by this Friday to stop the label from changing ownership to...
by Bram Teitelman | Mar 19, 2010 | Contests, March is Metal Month
In case you haven’t been paying attention, March is Metal Month. What’s that mean? Well, our buddies at the EMI and the associated labels they distribute (like Earache, Nuclear Blast, Candlelight, Century Media and Season of Mist), have teamed up to make...