"EMI is bleeding money. Earlier this month, it reported a whopping $2.4 billion loss, which, when added to its prior debts, puts it $4.5 billion in debt to CitiGroup. It owes Citi $160 million this month, and it’s facing a restructuring plan that’ll require an additional investment from its parent company."
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Gizmodo - Record labels: change or die
Look at these numbers. Oh dear.
(hat tip to Ellen for sending the link)
