EMI's record - in more ways than one - £1.75 billion loss raises important questions. There is now a real possibility that the company will breach its loan agreements at the end of March, causing control to pass to financial conglomerate Citigroup . Which means many of the great classical (and rock) recordings of the 20th century could be in the hands of American bankers. This may only be marginally worse than leaving them with EMI's current owner Guy Hands , but it is, nevertheless, a terrifying prospect. English Heritage operates an invaluable listed buildings scheme which recognises that - From Stonehenge to the mills of the Industrial Revolution, and from Norman castles to the site of the first TV transmission: in each generation, a small number of exceptional places mark and celebrate human architectural achievement, define an era, mark an important struggle or push new ideas to the limit. It is appropriate and necessary to make careful decisions about the future of the...
Comments
So much for corporate memory.
I tend to wonder if the current “heads” of what’s left of the music departments of the old Big Labels really care about music at all.
Cheers
David Cavlovic