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January 16, 2008

Terra Firma/EMI Cuts: Up to 2000 Jobs, 30% of Artists

As Terra Firma drops the bomb on EMI employees and "unproductive" artists, the big stars they’re banking on are getting upset.

I wonder how long it will take for EMI to go from private equity to vulture capitalists?

Posted by Clyde Smith on January 16, 2008 in Music Industry | Permalink

2 Responses to “Terra Firma/EMI Cuts: Up to 2000 Jobs, 30% of Artists”

  1. young global says:
    January 17, 2008 at 1:06 pm

    ouch…. someone doesn’t like VC $.

  2. Clyde Smith says:
    January 17, 2008 at 5:00 pm

    I’m not talking about venture capital I’m talking about the guys who come in long after the VCs have washed their hands.
    http://www.investopedia.com/terms/v/vulturecapitalist.asp
    But given the failure rate of “traditional” VC, the odds are immediately against you so I don’t think taking venture capital is a good look for most businesses that take it.