Terra Firma wins in bid for EMI

Well well … in the world of music this could be an interesting event. Venture capitalists buying into the music industry at this stage paying £2.4bn for a company reporting £260m losses for the last financial year … I wonder what they have planned for its turnaround.

Again the reason for these losses is squarely placed at the feet of ‘digital downloading’. thing i’m wondering about is I’ve never seen any figures published about how many people have lost these digital downloads due to hardware failure and just how many songs these losses account for in any given persons collection. hmm … think i might pop off to have a look for some.

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