EMI will axe 1/5 of its recording artists
bunny said on March 31, 2004 08:01:
LONDON (Reuters) - Music giant EMI will cut 1,500 jobs, axe one fifth of its recording artists and stop making its own CDs and DVDs in Europe and the United States in a bid to cut costs, the British firm said on Wednesday.
pietROxette said on March 31, 2004 08:42:
“and stop making its own CDs and DVDs in Europe and the United States”
Well, if that means we won’t get more faulty products with off-sync video and sound or freezing menus... that’s a wise decision.
Sascha said on March 31, 2004 13:43:
From www.emigroup.com
“To maximise its ability to develop the careers of its artists, EMI is refining the structure and the way that some of its labels operate, particularly in Continental Europe. EMI is reducing its global roster by approximately 20%, affecting largely niche and under-performing artists. The roster is being rebalanced to focus resources and efforts more effectively on the artists who have the greatest potential on both a global and local level.”
roxtexanet said on March 31, 2004 21:17:
Whatever Spice Girls still have solo recording contracts should be shitting bricks right now... (-:
coyboyusa said on March 31, 2004 23:52:
hmm well that means no more international releases by roxette it seems....i hope they kill robbie williams for his international bomb and whoever signed him to that ridiculous contract
Sascha said on April 1, 2004 08:24:
coyboyusa, I don’t understand your view at all. Why no international rox-records anymore? And Robbie Williams is probably the last artist to drop for them. He sells wordwide, just not in the US! Only the contract was too high.
Sascha said on March 31, 2004 08:21:
Good to know that Roxette is still a cash-cow for EMI worldwide. Think about that the much hyped Robbie Williams sells 5 - 6 million per album. Roxette’s 2 latest albums HAND and RS stand quite good with sales of 3,5 and 2 million.
And Rox/GT/Marie&Per solo have been THE top-selling artists for EMI Sweden for the better part of the last 2 decades. They wouldn’t give them up easily. Per and Marie enjoy artistic freedom as only very few artists at major labels.