Miranda Sawyer on a music industry in meltdown | News | Guardian Unlimited Music
Late last year, I was chatting to a friend who works at EMI. He was upset. EMI had just been taken over by Terra Firma, the private-equity company, and the bean counters had arrived. My friend told me of meetings where the new suits asked people to explain exactly how their job worked, while the suits took notes. ‘When the meeting ends, they go: “We’ve heard what you say and we’ve decided what you need to do.”‘ My friend paused. ‘”Stop signing acts that don’t sell.”‘)