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Friday, May 14, 2010

Charles memos the troops

MARCHING ORDERS: EMI commander in chief Charles Allen fired off an internal memo this morning to record company staff confirming that the latest threat to the company's continued existence has been vanquished. "I am pleased to announce that we today received confirmation from Terra Firma that they intend to invest additional sums in EMI Music to enable the business to maintain compliance with our banking covenants," Allen wrote in his email. "I wanted to let you know personally, and to take this opportunity to thank you for your continued support. We look forward to working with you on more great music and innovative campaigns in the future." Heartwarming, innit? (5/14a)

 
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