| 2nd November 2007 03:35 PM |
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| Martha |
WORD!!!
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Report: EMI will crack down on artists
Fri Nov 2, 7:49 AM ET
LONDON - The new owner of EMI Group PLC has said he will drop artists the music group believes are not working hard enough and will overhaul the company's own executives' pay packages, the Financial Times reported Friday.
EMI, which has Coldplay, the Rolling Stones and Kylie Minogue on its roster, also threatened to withdraw stars' lucrative advances if record sales are disappointing, the FT said, quoting an internal memo to staff from the chief executive of the private equity firm that bought the company in August.
Guy Hands, the CEO of Terra Firma Capital Partners, said the company would in the future be "more selective in whom we choose to work with."
"While many spend huge amounts of time working with their label to promote, perfect and endorse their music, some unfortunately simply focus on negotiating for the maximum advance ... advances which are often never repaid," Hands said.
The report said the memo did not name any artists. The company, which Terra Firma bought for $4.9 billion, has been plagued in the past by late delivery of albums by some of its biggest acts.
Hands also criticized EMI's "compensation and management system put in place over the last 20 years which does not encourage the right behaviors or reward the right actions."
"What worries me is that the existing structures have been put in over a couple of decades and unpicking them in a way that releases the good in the company is not going to happen overnight," he added.
EMI did not immediately return a call for comment Friday. |
| 2nd November 2007 03:37 PM |
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| pdog |
I blame A Bigger Bang! |
| 2nd November 2007 03:52 PM |
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| glencar |
Isn't it a record company's job to shill that shit? Now they want the artists to do THEIR job? No wonder they're signing up with Walmart & Starbucks. |
| 2nd November 2007 03:54 PM |
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| gimmekeef |
I hope they lose their entire 4 billion investment....What lame bs to prop up stock price...I can see some suit callin Keith...Hey man how many songs you write today? |
| 2nd November 2007 04:25 PM |
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| glencar |
Less than one a year... |
| 2nd November 2007 06:17 PM |
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| M.O.W.A.T. |
"EMI"
There's unlimited supply
And there is no reason why
I tell you it was all a frame
They only did it 'cos of fame
Who?
E.M.I. E.M.I. E.M.I.
Too many people had the suss
Too many people support us
Un unlimited amount
Too many outlets in and out
Who?
E.M.I E.M.I E.M.I
And sir and friends are crucified
A day they wished that we had died
We are an addition
We are ruled by none
Never ever never
And you thought that we were faking
That we were all just money making
You do not believe we're for real
Or you would lose your cheap appeal?
Don't judge a book just by the cover
Unless you cover just another
And blind acceptance is a sign
Of stupid fools who stand in line
Like
E.M.I E.M.I E.M.I
Unlimted edition
With an unlimited supply
That was the only reason
We all had to say goodbye
Unlimited supply (E.M.I)
There is no reason why (E.M.I)
I tell you it was all a frame (E.M.I)
They only did it 'cos of fame (E.M.I)
I do not need the pressure (E.M.I)
I can't stand those useless fools (E.M.I)
Unlimited supply (E.M.I)
Hello E.M.I
Goodbye A & M
-- The Sex Pistols |
| 2nd November 2007 06:50 PM |
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| Ten Thousand Motels |
Media Consolidation. Like Ray Davies said ...in the old days at least you could go to another crook. Or he said something like that. |
| 2nd November 2007 08:10 PM |
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| aladdinstory |
quote:
M.O.W.A.T. wrote:
"EMI"
There's unlimited supply
And there is no reason why
I tell you it was all a frame
They only did it 'cos of fame
Who?
E.M.I. E.M.I. E.M.I.
Too many people had the suss
Too many people support us
Un unlimited amount
Too many outlets in and out
Who?
E.M.I E.M.I E.M.I
And sir and friends are crucified
A day they wished that we had died
We are an addition
We are ruled by none
Never ever never
And you thought that we were faking
That we were all just money making
You do not believe we're for real
Or you would lose your cheap appeal?
Don't judge a book just by the cover
Unless you cover just another
And blind acceptance is a sign
Of stupid fools who stand in line
Like
E.M.I E.M.I E.M.I
Unlimted edition
With an unlimited supply
That was the only reason
We all had to say goodbye
Unlimited supply (E.M.I)
There is no reason why (E.M.I)
I tell you it was all a frame (E.M.I)
They only did it 'cos of fame (E.M.I)
I do not need the pressure (E.M.I)
I can't stand those useless fools (E.M.I)
Unlimited supply (E.M.I)
Hello E.M.I
Goodbye A & M
-- The Sex Pistols
exactly! so fitting that EMI would be the label to announce this, now owned by a holding company. pathetic |
| 2nd November 2007 08:24 PM |
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| andrews27 |
The world is now on its way to hell again - in a hitherto unimaginable telescoping of the events of 1929 and 1939. Fuck me! I wish I'd been in my 20s in the 1960s, in my 30s in the 1970s...and safe in my grave today. I could have gone out with the Trade center and missed what's about to come.
[Edited by andrews27] |
| 4th November 2007 08:21 PM |
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| Trey Krimsin |
Who wants to bet that EMI artists will start putting out their own music a la Radiohead?
[Edited by Trey Krimsin] |
| 6th November 2007 02:07 PM |
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| Martha |
quote:
Ten Thousand Motels wrote:
Media Consolidation. Like Ray Davies said ...in the old days at least you could go to another crook. Or he said something like that.
I LOVE Ray. I can imagine him saying that. :-) |
