{"id":3094,"date":"2010-03-22T18:34:48","date_gmt":"2010-03-22T17:34:48","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=3094"},"modified":"2022-06-09T12:29:21","modified_gmt":"2022-06-09T11:29:21","slug":"hands-out-of-pocket-warner-prepares-bid-for-emi-publishing","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/","title":{"rendered":"Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing"},"content":{"rendered":"

\"Hands<\/a>Guy Hands and his team at the high flying venture capital firm Terra Firma have been chewing sour grapes<\/a> ever since their purchase of recording giant EMI for \u00a32.4 billion<\/a>. They have been in court with their lenders Citibank over bad advice during the sale of the label, and have been practically walking on water to meet the huge cash demand of the interest payments on their gigantic loan (although they stopped short of selling off the Abbey Rd. Studios to get a cash fix). Now they are again scrabbling around to find \u00a3120 million to plug a covenant breach on the same loan, and a deal is in the offing from WMG<\/a> to buy the still-profitable music publishing arm of EMI, an asset it’s been coveting over the garden fence for decades. Any bid for the \u00a31.2 billion publishing arm is probably going to be made after EMI have cleared or defaulted on their next interest payment, in the first case, making an offer to EMI and Terra Firma, and in the second, talking to their creditor Citi if the company goes into receivership.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u00a32.4 billion. They have been in court with their lenders Citibank over bad advice during the sale of the label, and have been practically walking on water to meet the huge cash demand of the interest payments on their gigantic loan (although they stopped short of selling off the Abbey Rd. Studios to get a cash fix). Now they are again scrabbling around to find \u00a3120 million to plug a covenant breach…<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[87,22,2499,28,624,114,2500,921,489,433],"acf":[],"yoast_head":"\nHands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"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 \u00a32.4 billion. They have been in court with their lenders Citibank over bad advice during the sale of the label, and have been practically walking on water to meet the huge cash demand of the interest payments on their gigantic loan (although they stopped short of selling off the Abbey Rd. Studios to get a cash fix). Now they are again scrabbling around to find \u00a3120 million to plug a covenant breach...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/\" \/>\n<meta property=\"og:site_name\" content=\"RouteNote Blog\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-22T17:34:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-09T11:29:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RouteBot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/routenote.com\/blog\/#organization\",\"name\":\"RouteNote\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"RouteNote\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/routenote.com\/blog\/#website\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"name\":\"RouteNote Blog\",\"description\":\"The World of Digital Music - Distribution - Stores and Free Music\",\"publisher\":{\"@id\":\"https:\/\/routenote.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/routenote.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg\",\"contentUrl\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage\",\"url\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/\",\"name\":\"Hands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog\",\"isPartOf\":{\"@id\":\"https:\/\/routenote.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage\"},\"datePublished\":\"2010-03-22T17:34:48+00:00\",\"dateModified\":\"2022-06-09T11:29:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/routenote.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage\"},\"author\":{\"@id\":\"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298\"},\"headline\":\"Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing\",\"datePublished\":\"2010-03-22T17:34:48+00:00\",\"dateModified\":\"2022-06-09T11:29:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/routenote.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg\",\"keywords\":[\"Distribution\",\"EMI\",\"hands\",\"music\",\"music store\",\"online\",\"publishing\",\"record label\",\"terra firma\",\"wmg\"],\"articleSection\":[\"Artist \/ Label News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298\",\"name\":\"RouteBot\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g\",\"caption\":\"RouteBot\"},\"sameAs\":[\"http:\/\/routenote.com\"],\"url\":\"https:\/\/routenote.com\/blog\/author\/routebot\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/","og_locale":"en_US","og_type":"article","og_title":"Hands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog","og_description":"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 \u00a32.4 billion. They have been in court with their lenders Citibank over bad advice during the sale of the label, and have been practically walking on water to meet the huge cash demand of the interest payments on their gigantic loan (although they stopped short of selling off the Abbey Rd. Studios to get a cash fix). Now they are again scrabbling around to find \u00a3120 million to plug a covenant breach...","og_url":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/","og_site_name":"RouteNote Blog","article_published_time":"2010-03-22T17:34:48+00:00","article_modified_time":"2022-06-09T11:29:21+00:00","og_image":[{"url":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"RouteBot","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/routenote.com\/blog\/#organization","name":"RouteNote","url":"https:\/\/routenote.com\/blog\/","sameAs":[],"logo":{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg","contentUrl":"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg","width":1000,"height":1000,"caption":"RouteNote"},"image":{"@id":"https:\/\/routenote.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/routenote.com\/blog\/#website","url":"https:\/\/routenote.com\/blog\/","name":"RouteNote Blog","description":"The World of Digital Music - Distribution - Stores and Free Music","publisher":{"@id":"https:\/\/routenote.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/routenote.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage","inLanguage":"en-US","url":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg","contentUrl":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg"},{"@type":"WebPage","@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage","url":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/","name":"Hands Out Of Pocket - Warner Prepares Bid For EMI Publishing - RouteNote Blog","isPartOf":{"@id":"https:\/\/routenote.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage"},"datePublished":"2010-03-22T17:34:48+00:00","dateModified":"2022-06-09T11:29:21+00:00","breadcrumb":{"@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/routenote.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing"}]},{"@type":"Article","@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#article","isPartOf":{"@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage"},"author":{"@id":"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298"},"headline":"Hands Out Of Pocket – Warner Prepares Bid For EMI Publishing","datePublished":"2010-03-22T17:34:48+00:00","dateModified":"2022-06-09T11:29:21+00:00","mainEntityOfPage":{"@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#webpage"},"wordCount":193,"commentCount":0,"publisher":{"@id":"https:\/\/routenote.com\/blog\/#organization"},"image":{"@id":"https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#primaryimage"},"thumbnailUrl":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2010\/03\/Hands-up.jpg","keywords":["Distribution","EMI","hands","music","music store","online","publishing","record label","terra firma","wmg"],"articleSection":["Artist \/ Label News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/routenote.com\/blog\/hands-out-of-pocket-warner-prepares-bid-for-emi-publishing\/#respond"]}]},{"@type":"Person","@id":"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298","name":"RouteBot","image":{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g","caption":"RouteBot"},"sameAs":["http:\/\/routenote.com"],"url":"https:\/\/routenote.com\/blog\/author\/routebot\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts\/3094"}],"collection":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/comments?post=3094"}],"version-history":[{"count":0,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts\/3094\/revisions"}],"wp:attachment":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/media?parent=3094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/categories?post=3094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/tags?post=3094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}