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music group

Far From Business As Usual At EMI

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As I mentioned yesterday, Terra Firma's plan to change EMI's organizational structure, what Guy Hands has called a "global functional matrix organization," strikes me as an oddly timed experiment. And yes, it really is an experiment.

Universal Music Group Earnings Down

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Vivendi announced its 2007 earnings last week (download PDF of earnings release). Yeah, I'm a bit late on this one. EBITA dropped 16.1% (12.9% at constant currency). Digital sales increased 51% (at constant currency).

The Hands Plan

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Guy Hands, who is leading the transformation of EMI, is finding out how difficult change can be in the music industry. The head of EMI owner Terra Firma, a private equity firm, is faced with an artist-manager revolt over his plans to remake the troubled music group. Even though the status quo will be their downfall, artists and their managers are obviously far more comfortable with the status quo than the uncertainty that goes with the pending changes.

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