London
– Major record label EMI on Friday announced a restructuring plan that will see
the company combine its music publishing and recorded music divisions, to be
led by former EMI publishing head Roger Faxon. "More music is being used
than ever before, despite the continued decline in global music revenues. As a
result, the management structure of EMI is being changed to enable the company
to reposition itself as a comprehensive rights management company that can take
full advantage of all global opportunities in all markets for music," the
company said in a statement.
Charles Allen, formerly non-executive chairman of
EMI Recorded Music, will be become an adviser to EMI and corporate parent Terra
Firma.
"I believe that the two divisions working in concert with one
another as a global rights management business, can and will deliver for the
artists and songwriters that we are privileged to work with now and in the
future," said Faxon.
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On the subject read this cynical article attacking EMI and how it seems to be going through executives like they are nothing. And in this case, then duly replacing them, as well as others, with people who could easily pass for zombies, such are their characters. A must-read! http://bit.ly/bWM2vX
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