EMI In Trouble! Asks For Even More Money To Stay Afloat

Guy Hands’s Terra Firm may have to ask clients for triple the amount to keep EMI afloat until 2015. Terra Firma plans to raise 360 million pounds ($551 million) by the middle of June, which…

Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing

Guy Hands and his team at the high flying venture capital firm Terra Firma have been chewing sour grapes ever since their purchase of recording giant EMI for £2.4 billion. They have been in court…

Pink Floyd Suing EMI Over Digital Royalties

It has been reported that Pink Floyd is currently in a contractual dispute with EMI. Members of Floyd are disputing a number of analog-to-digital extensions. “It was unclear whether record companies would be selling direct…

EMI To Sell Abbey Road?

EMI (actually it’s parent the Gramophone Company) bought the house atNo. 3 Abbey Road in 1931, at the bargain price of £100,000 (around £20 million in today’s money) and turned it into a custom built…

Hands on EMI

Having admitted in the Financial Times that his investment in EMI has shed around £2 billion in value since the 2007 purchase, more information is being made public about the radical solutions that Terra Firma’s…

EMI: The Worst Private Investment Ever?

Since 1st August 2007, when Terra Firma bought EMI for $8,000,000,000 with a 90% approval from it’s shareholders, the bottom line on EMI’s financial reports is set to show losses of more than $1.5 billion…

Terra Firma Back On Solid Ground

Terra Firma has had some good news; despite the extremely sour grapes evidenced by their lawsuit against Citigroup for misrepresenting the level of auction interest in purchasing EMI, they’ve managed to pass both EMI and…

The Worm In the Apple – Terra Firma’s EMI Purchase looks Increasingly Sour

As you may have read here on our blog Terra Firma are suing their advisors/lenders Citibank for perpetrating a fraud against them – essentially Terra are saying that Citibank mislead them about the amount of…

EMI to be liquidated?

Like everyone else on Wall Street, and particularly in the music industry EMI is facing pressure from it’s creditors, and the outlook is not improved by the rejection of a recent proposal from Terra Firma…

EMI Are In Big Trouble And Have To Make Money To Pay Loans

EMI is praying that Santa is generous this season as it stares down a major post-Christmas payment due on  £2.7 billion in loans from Citigroup. UK analysts are warning that EMI must generate significant cash…