pictures. words (sometimes). blog nonsense.

Signs of the times

For anyone that enjoys watching the trainwreck that is the contemporary recording industry:

Citigroup (yeah, the bank) has apparently bought the struggling EMI record label, along with its “modest level of debt”…aka, 1.2 billion pounds (yes, as in English currency…as in awfully close to 2 billion US dollars).

And that’s after a “65% reduction” in said level of debt.

I don’t think that needs too much analysis from my end…

 

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2 responses

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    February 17, 2013 at 5:51 pm

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