EMI, a company in deep crisis
Written by alchemiste on January 13, 2008 to Music Business.
Up to 2,000 jobs at EMI – more than one in three of the workforce – are at risk under a radical restructuring of the music group drawn up by private-equity boss Guy Hands. Thousands of artists will also go from EMI’s 14,000-strong roster. Little is known which artists will have to go at this point.
Robbie Williams is refusing to release his next album until he knows what kind of service an artist of his magnitude could expect from his record company. Williams' manager says that EMI's new CEO, said Guy Hands, is behaving like a plantation owner. Coldplay is also considering leaving EMI while Radiohead and Paul McCartney have already left.