Despite the apparently downturn in the music industry, EMI is apparently gearing up for a shopping spree. The target? Profitable indie labels. In the middle of a significant restructuring, the major label has set aside $100 million to purchase “smaller-scale indie labels” and hopes to raise that figure to $200 million depending on conditions.

At the same time, the label’s private equity partners are hoping to slash costs in a variety of “non-strategic” countries and focus more on online marketing. You can check out the article here.
Source Despite the apparently downturn in the music industry, EMI is apparently gearing up for a shopping spree. The target? Profitable indie labels. In the middle of a significant restructuring, the major label has set aside $100 million to purchase “smaller-scale indie labels” and hopes to raise that figure to $200 million depending on conditions.

At the same time, the label’s private equity partners are hoping to slash costs in a variety of “non-strategic” countries and focus more on online marketing. You can check out the article here.
Source