New label bosses are planning big cuts
Record label EMI’s crisis continues to intensify with the announcement that it is to axe up to 2,000 jobs in a new restructuring plan.
In a bid to allow the label to focus on discovering new artists, the company plans to bring its marketing, sales and distribution into a single division over the next six months.
However the plans have provoked anger from many of the label’s well-known artists, with bands such as The Verve threatening to withhold their forthcoming album in protest over the fears that EMI will be unable to devote the time and money needed to promote it.
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