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[b]DJones wrote:[/b]
[quote]Norah Jones &quot;Not Too Late&quot;

Sales this week: 235,687
Cume: 641,982

Well, it is too late for EMI, which issued a profit warning and saw its stock tank 12%.

I like Eric Nicoli, but he's WAY over his head here.  There's no saving this company, it's just about shepherding it to a home under a new corporate umbrella.

Oh, let me make this worse.  Edgar and Nicoli got into a spat about the value of EMI, who was going to buy whom.  And no deal was done.  And now both companies are in the shitter.  But at least Warner has got stable management.  Let's see, you fire lifelong music employees and become CEO YOURSELF?  Even if you can do the job, it's not going to do ANYTHING for your stock.

You NEVER play for the last dollar.  You watch the movie and...know when to fold.  Yes, EMI has amazing assets, but they won't be worth a ton until sometime after...the company goes out of business?  Or at least stops functioning in the new music sphere?

Richard Parsons fucked up.  He should have held on to Warner Music, played for the long haul, seen the synergy between tunes and cable, and AOL.  There was almost no debt.  He should have turned the company lean and mean (which Edgar did, supposedly according to Ames' plan), and held on.  But EMI??  Music is the ONLY business they're in.  The short term matters!

By blowing out Levy and Munns Nicoli instantly devalued EMI by a billion dollars.  And by phasing out Capitol in the U.S., he's only making the company LESS appealing.  You don't succeed by constantly shrinking.  Nicoli should have made a deal with Warner or private equity THEN let the remaining players duke it out.  Now Nicoli has insured that Warner will take over EMI or private equity will do the same thing.  When he could have gone behind the scenes and cut the best deal he could and been done with it.  And STILL retired with tons of dough.

I mean I knew EMI was going to have to issue a profit warning, didn't NICOLI?  I mean you can't ship catalog FOREVER to make your numbers.

Utter, gross mismanagement.

The only thing that could save this company would be if the Beatles regrouped, and THAT ain't gonna happen.[/quote]

Enter code here

Topic History of: Bob Lefsetz on EMI
Max. showing the last 5 posts - (Last post first)

Author	Message
Mart	....and of course "Love Volume 2", is worth a shot at the wall. I would be intrigued to see the profit/advertising/PR/wages loss/gain figures for the winter Beatles release. EMI have fine and talented acts signed to themselves, but do they have fine and talented A+R and acts that respect them? Kerchinnng! (c)Mika Universal
DJones	Norah Jones "Not Too Late" Sales this week: 235,687 Cume: 641,982 Well, it is too late for EMI, which issued a profit warning and saw its stock tank 12%. I like Eric Nicoli, but he's WAY over his head here. There's no saving this company, it's just about shepherding it to a home under a new corporate umbrella. Oh, let me make this worse. Edgar and Nicoli got into a spat about the value of EMI, who was going to buy whom. And no deal was done. And now both companies are in the shitter. But at least Warner has got stable management. Let's see, you fire lifelong music employees and become CEO YOURSELF? Even if you can do the job, it's not going to do ANYTHING for your stock. You NEVER play for the last dollar. You watch the movie and...know when to fold. Yes, EMI has amazing assets, but they won't be worth a ton until sometime after...the company goes out of business? Or at least stops functioning in the new music sphere? Richard Parsons fucked up. He should have held on to Warner Music, played for the long haul, seen the synergy between tunes and cable, and AOL. There was almost no debt. He should have turned the company lean and mean (which Edgar did, supposedly according to Ames' plan), and held on. But EMI?? Music is the ONLY business they're in. The short term matters! By blowing out Levy and Munns Nicoli instantly devalued EMI by a billion dollars. And by phasing out Capitol in the U.S., he's only making the company LESS appealing. You don't succeed by constantly shrinking. Nicoli should have made a deal with Warner or private equity THEN let the remaining players duke it out. Now Nicoli has insured that Warner will take over EMI or private equity will do the same thing. When he could have gone behind the scenes and cut the best deal he could and been done with it. And STILL retired with tons of dough. I mean I knew EMI was going to have to issue a profit warning, didn't NICOLI? I mean you can't ship catalog FOREVER to make your numbers. Utter, gross mismanagement. The only thing that could save this company would be if the Beatles regrouped, and THAT ain't gonna happen.