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January 15, 2008
More EMI Woes
Or, "More reasons why EMI is in no position to force changes to the RIAA".
EMI is attempting to cut costs by laying off up to 2000 workers. That's not unusual for companies that have been bought out and whose new owners are focused on fixing the bottom line. But it is a definite sign of how much trouble the music label is in, from a bottom-line perspective.
More troubling are the ongoing revelations that musicians are abandoning the sinking ship. Big names like Paul McCartney and Radiohead, who left last year, have been joined by Britpop act The Verve. Claiming they want "assurances" that the label will remain viable, the group's manager has said they'll be withholding their new album.
In all likelihood, few people care what a band that hasn't had an album in 10 years does now. Except that EMI's name keeps appearing in bad news stories and I just can't see that strengthening their position when pushing for change at the RIAA.
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