Why Crap Bands Get Record Deals Part 47
11/19/07
.
(TuneLab) Private-equity firm Terra Firma, the company that acquired record company EMI in May, is now trying to attract investors by floating a plan that includes drastic cost cuts at the struggling label, according to a story in The New York Post. Terra Firma is considering slashing EMI's fixed costs by $223 million. Under the proposal, EMI would slice $58 million from its A&R and marketing budget. The savings would come from requiring talent scouts to rely more heavily on sites such as MySpace to find talent. The company would also use social-networking sites to promote acts. The plan is only under consideration and final decisions have not been made, one of the label's spokesmen told CNET News.com. - more on this story 
Click here to read today's full report
.My Chemical Romance Links
Preview and Purchase My Chemical Romance CDs
My Chemical Romance Tour Dates/Tickets
My Chemical Romance MP3 Downloads
tell a friend about this article know of a news item we should cover?  antiMUSIC News featured on RockNews.info and Yahoo News
.
Rant or Rave? Your turn, post your comments and thoughts on this news item. But hey keep it clean, we wouldn't want to have to wash your mouth out with Old Spice.
register | forgot your password?
...end | 
