Comments on: Will Terra Firma give up EMI? http://blogs.reuters.com/felix-salmon/2009/08/16/will-terra-firma-give-up-emi/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jeremy100 http://blogs.reuters.com/felix-salmon/2009/08/16/will-terra-firma-give-up-emi/comment-page-1/#comment-29703 Thu, 18 Aug 2011 02:04:32 +0000 http://blogs.reuters.com/felix-salmon/2009/08/16/will-terra-firma-give-up-emi/#comment-29703 Terra Firma, a private-equity firm run by Guy Hands, bought EMI for £4.2 billion ($8.3 billion) in 2007. But the recession and declining music sales made it impossible for Terra Firma to pay off EMI’s massive debts. Private equity is no stranger to public embarrassment. But Terra Firma’s struggle to control EMI has been particularly humiliating. Let’s just hope EMI can continue to hold events with perfect audio visual to earn back and repay its debts..

Jeremy
http://www.piranha-audiovisual.co.uk/

]]>
By: Maynard Handley http://blogs.reuters.com/felix-salmon/2009/08/16/will-terra-firma-give-up-emi/comment-page-1/#comment-5581 Mon, 17 Aug 2009 20:13:52 +0000 http://blogs.reuters.com/felix-salmon/2009/08/16/will-terra-firma-give-up-emi/#comment-5581 Hmm. EMI? The same company that REFUSES to sell me the songs I enjoyed in my childhood/teenage years in South Africa — songs I can see on, for example, the iTunes Germany store, but which I cannot buy because I am in the US.

Interesting business model that, refusing to sell people stuff they want to buy.
Yeah, it would be a real freaking tragedy if they disappeared from the earth. And if their new owners are as boneheaded as the old owners about such bright idea from the 1970s as dividing the world into exclusive sales zones, it’s not much of a tragedy that they lose a bundle along the way.

]]>