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 Bram Teitelman | Feb 15, 2010 | Bad Deals, Gloom And Doom
According to court documents filed in New York, the chairman of Terra Firma Capital Partners Ltd., owners of EMI Group, proposed to break up the music company in November. Guy Hands proposed splitting the group’s music publishing and recorded music divisions in...
by Bram Teitelman | Feb 4, 2010 | Gloom And Doom, Label Moves
Private equity group Terra Firma might have thought they had a sure thing on their hands when they bought EMI Music (which includes Virgin and Capitol) in 2007. And while parts of EMI, the world’s fourth-largest label, are doing ok now, the future looks a little...