Some interesting music news these last few days:
Guy Hands resigned as head of Terra Firma due to the whole EMI Music mess.
I love EMI and I enjoyed my time there immensely.
But they have really screwed the pooch. In fact, the labels are more screwed now than ever before.
I gloat not. Huge opportunities remain in the music business!
But the record business…as it once existed…is breathing it’s dying gasp.
…Kind of like that remnant that you have to keep flushing before it finally goes down.
What boggles the mind is…how in the world Warner Music head Edgar Bronfman Jr. managed to pull down a $3 million dollar bonus amidst Warner’s dreary 2008!
Good thing it wasn't bailout cash or that old lady in the background would be clubbing EBJ with her umbrella!
Warner lost $56 million and their stock plunged 25%?
…And the board gives Dude a bonus?
Fools and their money are indeed soon parted.
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