Is EMI's Fate In The Hands Of Troubled Citibank?
Jul 13, 2009, 9:28am
Hypebot
HypebotTerra Firma Prepares Another $486M Injection, If... Publicly EMI is touting its success with Lily Allen, Coldplay, Akon and The Black Eyed Peas. They are also reportedly sitting on a treasure trove of unreleased Michael Jackson songs. But The Guardian is reporting that behind the scenes EMI continues to have severe financial troubles and owner Terra Firma is coming to the rescue with £300 million ($486 million USD). Before Terra Firma injects the millions, however, it's had Guy Hands is asking [...]
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