With some hard numbers about EMI's decline.
The day the music industry died - Times Online
The day the music industry died - Times Online
This has not gone unremarked in the City. When the private equity firm Terra Firma bought EMI recently it paid about a third, in real terms, what the company nearly fetched 10 years ago when a sale to its competitor Universal was mooted. That decline mirrors what has happened over the same period to the retail price of new CDs, and it also reflects the scale of the cull of EMI’s workforce, which has shrunk in 10 years from more than 10,000 worldwide to about 4,000 today.
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