p2pnet.net News:- Following news that it’s thinking about dumping DRM (Digital Restrictions Management) Big 4 Organized Music cartel member EMI says it’s merging its Capitol and Virgin labels in the US to form one company, the Capitol Music Group.

It’s all part of a desperate bid to stay relevant and it kicked off with a reorganization which included the sudden “departure” of various EMI leaders and a warning to investors that, “full-year sales will be far below expectations,” as The Canadian Press puts it.

Jason Flom, ex-Virgin Records America ceo, will be the new Capitol Music Group’s boss. And it seems Flom will soon be joining the blogging community.

Meanwhile, Andrew Slater, president and ceo of Capitol Records in the US since 2001, “has stepped down from his post,” says CP, adding, “Analysts have said EMI’s woes were a mixture of its own mistakes, some bad luck with its releases and the twin digital challenges of piracy and legitimate downloading.”

This is, of course, nonsense. EMI’s woes are, like those if its fellow cartel members, Vivendi Universal (France), Sony BMG (Japan and Germany) and Warner Music (US) entirely of its own making and can be generally summed up under the headings Bad Management and Bad Product.

The Big 4 have steadfastedly refused to accept the fact they’re now in the 21st digital centruy, dealing with well-informed customers who accurately inform each other of events faster than the labels can spin them in the lamescream media, with al that implies.

Stay tuned.

Slashdot it!

Also See:
dumping DRM – EMI to drop DRM?, January 9, 2007
EMI leaders – EMI: Nicoli to the Rescue!, January 13, 2007
The Canadian Press – EMI merging Capitol and Virgin labels in U.S. to form Capitol Music Group, January 26, 2007

---

Want to subscribe to p2pnet by email with Feedburner? Just click here.
rss feed: http://p2pnet.net/p2p.rss | | Mobile – http://p2pnet.net/index-wml.php | | And use our own p2pnet newsfeeds for your site

---

If your Net access is blocked by government restrictions, try Psiphon from the Citizen Lab at the University of Toronto’s Munk Centre for International Studies. Go here for the official download, here for the p2pnet download, and here for details. And if you’re Chinese and you’re looking for a way to access independent Internet news sources, try Freegate, the DIT program written to help Chinese citizens circumvent web site blocking outside of China. Download it here.

This entry was posted on Friday, January 26th, 2007 at 11:32 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

HOME

Viewed 2180 times