EMI ia looking to solve the problems the music division has been experiencing.
The company is in talks with Elio Leoni Sceti, head of Reckitt Benckiser's business in Europe. Interesting that EMI are looking outside the music industry for a saviour (Sceti currently looks after brands like Airwick, Finish and Veet - bit different to Colplay).
Such is the extent of the once leading music label that Guy Hands, chairman of EMI, is appointing separate chiefs for EMI Music and EMI Music Publishing.
Surely this is a sign that he'll merge the music divison with the more currently more successful Warner Music, as EMI looks for ways to repay the £2.4bn debt
it took on before the credit crunch hit.
Good story to keep an eye on
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment