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Topic History of: Wadders out at EMI
Max. showing the last 5 posts - (Last post first)

Author	Message
DJones	This will be a very interesting year! At some point the value of the former majories will be so low that there will be a BUYING panic. One day we will wake up and Apple owns the UMG ...
JK2006	I think Rob will be gone by Easter, Howard by the end of the year and Sony will decide NOT to bid for the BMG shares... they will be almost worthless.
DJones	Stringer will be out at Sony and BMG will sell their share... Rob or/and Howard Stringer? And how much will Sony pay for Bertelsmann's shares? How much would EMI shares be worth today after the awful Christmas results? A quarter of what Terra Firma paid? Around 160 pence (the 2003 low). But there's still room for the price to go down.
JK2006	Tony is a lovely guy but the likes of him and Lucian and Stringer and all the last generation of major label executives are totally responsible for the parlous state of our industry. They ascended the ladder in the old fashioned way and thought according to the ancient runes and allowed the world to crumble whilst they banked their cheques and looked the other way. Don't feel sorry for them. They are all wealthy and bored and retired. Many more will go (willingly, rich and yawning). How much would EMI shares be worth today after the awful Christmas results? A quarter of what Terra Firma paid? Look at the Warner share price.
DJKZ	Perhaps Merlin and AIM/WIN will now be taken more seriously as the majors weaken.