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TOPIC: EMI results today
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EMI results today 18 Years, 2 Months ago
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The EMI results today are expected to be awful and, indeed, the company has been pretty cold recently.
Having said that, the trouble with successful labels (and my UK Records was one of the most successful labels of the early 70's) these days is, since they are now owned by huge corporations, shareholders and boards demand constant success.
This is quite simply impossible in music.
Music is all about building and developing.
My band GENESIS took years to break - long after we parted.
But those seeds I planted when the members were teenage schoolboys became tall oaks and are still selling music today.
So... if people investing in music expect immediate or constant profits, they are deluded.
Secondly, I refer the Right Honourable Gentleman to my earlier reply; UNIVERSAL is the worst off company - because it is the best at the old model, thus disguising the serious underlying problems for the entire industry.
At least EMI knows that the problems go deep, are global and need an entire new model to correct.
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