EMI Group announces fundamental restructuring of Recorded Music Division to respond to the needs of artists and consumers

After being bought by private equity firm Terra Firma, EMI is NOW going to focus on developing new artists, maximizing their artist's potential and TREATING THEIR ARTISTS LIKE SOCCER TEAMS.

oh and firing 1,500-2,000 employees.

Too little, too late?



Sure seems like it.


In other EMI press release news, Giles Harris, head of Music and Brands, had this to say: "This new deal demonstrates perfectly how we are maximising the versatility of our music and videos through branded online incentivisation promotions.” Welcome to the internet EMI!