More on Faxon's plan

MAN WITH A PLAN: The all-important plan being put together by new EMI leader Roger Faxon (see yesterday’s story) will be ready to present to Guy Hands within the next two weeks, according to the N.Y. Post. It will include new distribution deals and securitizing assets on the publishing side, according to the paper’s sources. "They're looking at new ways to monetize their assets," said one source. "They're looking for distribution deals or a sale on the recorded music side." Outsourcing distribution deals would help EMI cut its internal sales and marketing expenses—and you know what that would mean. On the publishing side, EMI may cherry-pick certain catalogs and securitize them, which involves giving up a stake in the catalog for up-front cash. EMI declined to comment. (7/9a)