Early this year, it was hoped that a massive hit from Coldplay would be enough to turn the company around, but as it turned out, neither the wildly successful Coldplay project nor the unanticipated breakthrough of Katy Perry have provided the money-hemorrhaging company with the tourniquet it so desperately needs.
There’s no question that EMI’s deteriorating situation demands radical reshuffling, and the concept of outsourcing distribution—a move that would save the company an estimated $300 million—represents the logical next step toward Hands’ vision of a leaner, more efficient operation, the key to EMI’s survival.
While the idea actually predates the Hands regime by several years, the dire situation in which he now finds himself renders this scenario one of a severely limited set of options. But will that be enough, considering the depth and breadth of the company’s problems?
Some believe Hands is seriously considering getting out of the
JENNIFER KNOEPFLE: THE HITS INTERVIEW
A publishing all-star tells her story. (5/7a)
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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