Terra Firma's bid to take over EMI has won 90.24% shareholder support, making the equity firm's acquisition of the troubled label all but certain. [Dow Jones via CNNMoney]
Hoo boy. This is gonna be one heck of a slash-and-burn job. For all you nay-sayers about the state of the industry, this event -- more than any other -- is definitely going to change the shape of the competitive landscape. Or what's left of it.
I imagine bits and pieces are going to be sold off to the highest bidder (look for a firefight over the publishing division!) and ballast will be thrown overboard. Which is to say, if I were an exec at EMI, I'd be running scared now. Get ready to justify your existence, people!
Idolator
Terra Firma's bid to take over EMI has won 90.24% shareholder support, making the equity firm's acquisition of the troubled label all but certain. [Dow Jones via CNNMoney]
Comments
Hoo boy. This is gonna be one heck of a slash-and-burn job. For all you nay-sayers about the state of the industry, this event -- more than any other -- is definitely going to change the shape of the competitive landscape. Or what's left of it.
I imagine bits and pieces are going to be sold off to the highest bidder (look for a firefight over the publishing division!) and ballast will be thrown overboard. Which is to say, if I were an exec at EMI, I'd be running scared now. Get ready to justify your existence, people!
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