Paul McCartney Shifts More Action Outside of EMI…
And the latest EMI defection? The distinction belongs to Paul McCartney, who is now shifting more material to Concord Music Group. McCartney already has a Concord deal in place, specifically for new releases (the Starbucks collaboration fell under that partnership). But the latest departure involves all post-Beatles recordings and re-releases, based on a recent shift in control of that material [...]
EMI Bailout Request Now Reportedly at 360 Million Pounds…
Terra Firma chief Guy Hands is now requesting a cool 360 million pounds ($553.7 million) from investors, at least according to the latest from Bloomberg. The amount would potentially keep the wolves at bay until 2015, and avoid relinquishing the property to lender Citigroup. Terra Firma is currently tussling through a contentious lawsuit with the mega-bank, and breached covenants could [...]