Music Wire: EMI to pimp the Beatles and others via iTunes. Where is Roger Ames?
Published: Monday, April 02, 2007
-SHOMARI HINES EMI and Apple has announced a deal many saw coming. iTunes has the green light to sell music from the record company without copy protection software blah blah blah. We will care about EMI news when some real news start coming out of that camp, like the coming of Roger Ames and the outing of Eric Nicoli, not necessarily in that order.EMI said almost all of its catalog, excluding music by The Beatles, is included in the deal.Singles and albums free from copy-protection software and with a higher sound quality will be offered as a premium product, the companies announced at a London news conference. The announcement follows calls by Apple Chief Executive Steve Jobs earlier this year for the world's four major record companies, including EMI, to start selling songs online without copy-protection software.The software, known as DRM, is designed to combat piracy by preventing unauthorized copying, but can make downloading music difficult for consumers. EMI to allow Apple to sell songs online [AP] Labels: Apple, EMI, MusicWire, SHOMARIHINES |
Comments on "Music Wire: EMI to pimp the Beatles and others via iTunes. Where is Roger Ames?"
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Chicago Tribune man said ... (11:55 AM) :
post a commentEric intends to keep his position and not give it up. He is planning to go private, yet the numbers do not work. Roger will not take the role under Eric and will wait for Eric to be ousted. As well, most of the consultants to EMI are with Alain Levy right now in Anguilla (spelling?) for a week stay while he is there for a month. Perhaps that is something in the works?
Did you see the latest news on Private Equity flops that Eric was counting on? See repost below. His time in limited.
Extended play backfires on EMI
Richard Wachman
Sunday April 1, 2007
The Observer
EMI suffered a blow last night when it emerged that one of its former bosses, Jim Fifield, and his private equity backers have abandoned plans to bid for the music group, whose artists include Lily Allen and Norah Jones.
The news is a setback for EMI chief executive Eric Nicoli, who has been criticised by some investors for rejecting a 260p a share offer from Warner, its US rival, a few weeks ago. Nicoli has been courting private equity groups to try and extract a higher bid from Warner.
Last month EMI shocked the City with its second profit warning in five weeks which saw Nicoli oust Alain Levy, head of EMI's recorded music business.
Fifield became known as 'Lucky Jim' for his £12m payoff on departing as boss of EMI music five years ago. He invested some of the proceeds in North Face, the Californian sports equipment manufacturer where he was chief executive.
Observers doubt any private equity bidder for EMI can make the numbers work. The company is experiencing a slow-motion collapse in CD sales as punters download songs instead.
Analysts believe Warner will eventually get its way. Shares in EMI closed up 3p on Friday at 227p, valuing it at £1.8bn.