EMI Restructuring Coming in a Few Weeks: Expect More Layoffs
There are a lot of reports floating around that EMI is two weeks away from announcing some huge changes! The key change wil be a drastic reorganisation which would lead to loads more layoffs.
The key point here is that EMI will be moving either distribution, sales and some marketing functions to one of the other three major record labels (EMI should think about moving all their digital distribution straight over to RouteNote!!).
Additionally, some reports are suggesting that EMIs reorganisation will securitize some of its successful publishing catalogue, which would provide EMI with some much needed upfront cash.
The gap between major artists and independent artists is shrinking and this prominant in EMIs struggles to become profitable!