Hands Willing to Break Up EMI
SPLITSVILLE NIXED: Guy Hands was ready to break up EMI Group into its two parts in order to save the company, the Wall Street Journal reports, citing court documents filed Friday by Citigroup as part of its legal battle with Terra Firma. On Nov. 5, Hands sent a letter to Citi exec Chad Leat proposing the separation and recapitalization of EMI Music and EMI Music Publishing. “We believe that we are in agreement in relation to a number of the key components of an acceptable solution, including the need to separate the two businesses,” Hands wrote. Leat responded five days later, stating: "We do not see sufficient value in the proposals you had put forward and…they do not represent an acceptable basis for any continuing discussions about the recapitalization of the Group at this time… If this appears blunt, I apologize.” (2/15a)
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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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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A CHORUS OF PRAISE: IVORS 2024 NOMS
