EMI has been taken over by a private equity company Terra Firma and they are going to release 2000 people. Now the problem is this:
1. Artists and talent management have jumped ship
2. The firm also deals with refuse and garbage
3. Streamlining/ job letting is only good to streamline a company and to get rid of dead wood/ jobs that are not needed. Skilled workers are a must.
Are they actually capable of taking over from EMI? Do they realise the importance that music companies are losing money anyway, so buying the a big boy is not going to be any different. Sure they have a good name, but that hasn't helped much yet has it?
Now if Terra Firma prove me wrong and become a good company, we will find our music industry ready to follow a new company prepared to do what ever it takes to make money and to succeed. Our downloading and music purchasing habits will change.
They will offer downloads, cut price stuff, the ususal...but then the others will follow (everyone is losing money = embrace a new idea = follow it!).
If EMI get it wrong and go down the route of offering downloads but at CD prices and don't value the publics/ audience feelings and wants (companies give out what they think customers need, customers always want...big difference) then record companies will be in a bigger mess.
If they get it right and be totally radical, go against the grain, do something different, be a leader in a desperate industry.........
Sounds too good doesn't it :)
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