Will the Big 4 labels soon be the Big 3?
p2pnet news view Music:- Artists contracted to EMI, or one of its multitudinous subsidiaries, will no doubt be extremely unhappy, today. They’ll include Lily Allen, the famed chanteuse of doom whose online pronunciations prompted the members of the Featured Artists Coalition to unwisely back-track on their support of file-sharers; Elton John; Elvis Costello; George Michael; Kylie Minogue; Robbie Williams; and so on . Citigroup Inc has already turned down Terra Firma Capital Partners’ bid to have EMI Group debt by slashed by 40% in return for a 1 billion-pound ($1.7 billion) cash injection, p2pnet reported yesterday, quoting ,â€? says Bloomberg News .
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