Not a Good Year for EMI


After losing artists like the Stones and Radiohead, EMI now has to answer to Pink Floyd:
Pink Floyd, the band behind Dark Side of the Moon, one of the best-selling albums in music history, have filed a lawsuit against EMI, claiming the private equity-backed firm has miscalculated royalty payments. [...] Pink Floyd, who signed with EMI in 1967, have been one of EMI's most lucrative signings. In the last 25 years their back catalogue has only been outsold by that of the Beatles.
Maybe this is what happens when a private equity firm tries their hand at the record biz. They should know better than to "Meddle" with the Floyd. ;)

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