Dive EMI, dive!
Bloomberg business wire is reporting that EMI Group and Universal Music have resumed licensing talks "that may help EMI stave off default and give its rights to including the Beatles..."
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If the above is true, and the deal happens, it is time for Fabs' fans
to shout HALELULJAH!
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Because if the 300 million dollero deal comes to be, we shall for
sure see much more Beatle product, and more frequently than has
been the practice of the moribund EMI.
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Universal will want instant bang for their hundreds of millions of bucks, and the Beatles will do that for them.
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However, Bloomberg also says that if the deal falls through, then that much loathed, bailed out itself Citi Bank which holds about 4 billion dollars of EMI debt, will take control, and presumably do as fine a job with the music company as they did with sub-prime lending.
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Cor; maybe the US government will eventually own the Fabs' music!!
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More Brit music news, here:
http://www.boomermediareview.com/WhoGreatestHitsAndMore2CD.html
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