EMI Finally Lowers Boom: Up To 2,000 Cut
The mass layoffs at the music label have been a long time coming: Now Guy Hands has finally announced them. The company will cut 1,500 to 2,000 jobs, or more than a third of its workforce; it says it will look to save $400 million a year.
Hands is announcing the news himself at a company meeting but has laid out his case in a lengthy interview with the FT and now a formal announcement. eading between the lines, it looks like most of the cuts will come from EMI's money-losing recorded music group, while sparing most of its money-making publishing unit.
Hands is announcing the news himself at a company meeting but has laid out his case in a lengthy interview with the FT and now a formal announcement. eading between the lines, it looks like most of the cuts will come from EMI's money-losing recorded music group, while sparing most of its money-making publishing unit.
mirc mırc mırç mirç mirc indir mirc yükle mirc yukle türkçe mirc mirc indir mirc islami sohbet kelebek kelebek script kelebek sohbet kelebek mirc chat çet cet çet odaları sohbet kanalları sohbet odaları kameralı sohbet kameralı chat sohbet eğlence
mirc sohbet odaları sevgili arkadaş arkadaş bul arkaraş ara oto araba şarkı sözleri astroloji ikinci el telefon gazete gazeteler günlük gazeteler marifetname bedava domain ücretsiz domain benimurl parça kontör parça kontör radyo dinle bedava blog ücretsiz blog
Taking some key facts from FT article;
* 200 of the 14,000 artists EMI deals with each year account for more than half its sales
* Record companies lose money on 85 per cent of new artists, even before overheads
* More than 30 per cent of EMI's artists have not produced an album. Many never will
What does this tell you about talent and creatively driven media? It's impossible to predict success.
So his idea, increase A&R! Find more talent. The problem is, they don't have a shortage of talent.
EMI (and the rest), have a shortage of demand.