Forums Music Music Production UK : EMI sale in the balance as Warner Music withdraws bid

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  • #1051780
    General Lighting
    Moderator

      The sale of EMI hangs in the balance after frontrunner Warner Music withdrew a bid for the British company’s recorded music division understood to have come in at under $1.5bn (£1m), short of the price tag that owner Citigroup had been seeking.

      Warner Music, which was acquired by Len Blavatnik’s Access Industries for $3.3bn in May, is the frontrunner to buy EMI’s recorded music division and the company had been reported as tabling a $1.5bn bid.

      EMI sale in the balance as Warner Music withdraws bid | Business | guardian.co.uk

      This shows how much the value of the commercial music industry has declined – I work for what is a small/medium business in a rural area of Suffolk and the net worth of just one of companies (out of of a group of 3) is way more than both the bid price for EMI and the purchase price of Warner :crazy:

      #1246273
      DaftFader
      Participant

        I randomly met the daughter of the guy who owns EMI on facebook lol … (she’s welllll hot!) Unfortunatly she got with some dude she knew b4 I had a chance of convinsing her to come out for a drink with me.

        #1246267
        General Lighting
        Moderator

          in some ways a pity but just because her dad owns the place now doesn’t mean he still will after these deals are done.

          You’d be better off with the daughter of the chap from your local Chinese restaurant, as its a more sustainable business than the music industry.

          One of the girls at the local one was proper flirting with me (and was actually a Malaysian Chinese) but I reckon one factor was that I am English born and so obviously have citizenship (although it doesn’t even mean your partner gets automatic right to stay)

          Unfortunately UKBA turned the place over big time anyway a few weeks later and she and a load of others were put back on the plane as they were on student visas – the family what own it (who lived down the road from me) are all still in prison…

          #1246274
          DaftFader
          Participant

            @General Lighting 455889 wrote:

            One of the girls at the local one was proper flirting with me (and was actually a Malaysian Chinese) but I reckon one factor was that I am English born and so obviously have citizenship (although it doesn’t even mean your partner gets automatic right to stay)

            Don’t be so hard on your self man! You don’t even know that she’s not a citizen herself. She may just want ikkle GL’s lol.

            @General Lighting 455889 wrote:

            Unfortunately UKBA turned the place over big time anyway a few weeks later and she and a load of others were put back on the plane as they were on student visas – the family what own it (who lived down the road from me) are all still in prison…

            I used to go out with a russian girl I worked with from bella russia. She was over on a student visa that had expired and for over a year I thought she was called louise (I knew her ages before we went out-although I still thought that was her name when we started going out). Turns out her actual name was svetlana and she had to call her self louise as that’s the name of the person whos NI number she was using to work here! :laugh_at:

            #1246277
            D_ni
            Participant

              @General Lighting 455875 wrote:

              EMI sale in the balance as Warner Music withdraws bid | Business | guardian.co.uk

              This shows how much the value of the commercial music industry has declined – I work for what is a small/medium business in a rural area of Suffolk and the net worth of just one of companies (out of of a group of 3) is way more than both the bid price for EMI and the purchase price of Warner :crazy:

              not surprising really, one of many contributing factors being that majors are generally saturated in bureaucracy. it then seems musicians/bands have steered towards indie’s & the ”DIY” attitude.
              gives musicians far more artistic freedom & direction. Rather than being carved into an ”ideal” image that makes the most profit, therefore sells to the masses.
              Music returning to those whom create it.

              #1246268
              General Lighting
              Moderator

                @DaftFader 455904 wrote:

                Don’t be so hard on your self man! You don’t even know that she’s not a citizen herself. She may just want ikkle GL’s lol.[/quote]

                They put her back on the plane with all the other Malaysians (curiously the mainland Chinese were allowed to stay in Blighty for a bit, then booted out at a later date). I think they need to check that they aren’t at risk from going back whereas Malaysia is classed as a “safe/democratic” country…

                TBH the concept of kids is a even more worrying thought, my current lifestyle and a large chunk of my income out of the window for 20+ years :crazy: (seen it happen to enough of my friends and many aren’t even Chinese or Asian – though to be fair family values in East Anglia are very similar to those in Asia. Also if her papers aren’t correct UKBA still deport her and you get left holding the baby (which is classed as English).

                #1246269
                General Lighting
                Moderator

                  @D_ni 455912 wrote:

                  not surprising really, one of many contributing factors being that majors are generally saturated in bureaucracy. it then seems musicians/bands have steered towards indie’s & the ”DIY” attitude.
                  gives musicians far more artistic freedom & direction. Rather than being carved into an ”ideal” image that makes the most profit, therefore sells to the masses.
                  Music returning to those whom create it.

                  I am quite impressed TBH by the way tracks are being distributed and sold online even if its permanently removed a lot of the value/jobs created by the distribution of physical media (i.e vinyl records and packaged CDs). A company like EMI is increasingly only worth the value of its back catalogue.

                  #1246275
                  DaftFader
                  Participant

                    @General Lighting 455941 wrote:

                    TBH the concept of kids is a even more worrying thought

                    I thought you might say something like this .. and TBF I feel the same. Altho surely there’s no chance of this woman getting deported if you two did have kids (hypertherticaly speaking)?

                    I know this isn’t true for denmark so I’m doubting myself already. 🙁

                    #1246270
                    General Lighting
                    Moderator

                      @DaftFader 456000 wrote:

                      I thought you might say something like this .. and TBF I feel the same. Altho surely there’s no chance of this woman getting deported if you two did have kids (hypertherticaly speaking)?

                      I know this isn’t true for denmark so I’m doubting myself already. 🙁

                      UKBA routinely split up families from non EU countries if one partners visa has expired – they do let one parent and the kid stay in Blighty (some UN human rights thing) but the other has to either reapply for citizenship or the family goes to the country of the foreign partner (and then the kid and partner have to clear immigration in the other country!)

                      I’ve seen it happen to loads of work colleagues from Phillipines etc.

                      Its about £750 too to apply and they have to go to Harlow or Chelmsford at their own expense to do the citizenship test..

                      we’ve had them randomly turn up at work a few times and go through all the HR files (even of the English people!) and they take the bank statements away for about 3 months (which was annoying until we changed banks and got a better online banking system as I need them for financial reporting)

                      #1246276
                      DaftFader
                      Participant

                        Ra £750 just to apply! Do they get this back if they arn’t acsepted?

                        #1246278
                        D_ni
                        Participant

                          @General Lighting 455946 wrote:

                          I am quite impressed TBH by the way tracks are being distributed and sold online even if its permanently removed a lot of the value/jobs created by the distribution of physical media (i.e vinyl records and packaged CDs). A company like EMI is increasingly only worth the value of its back catalogue.

                          I’m sort of torn between the progress of physical to digital dist. Marketing wise & ease of access digital is fantastic.

                          It opens up to a large target audience that bands/musicians didn’t have before..good example was Radiohead in 2007 with ”in rainbows” before the physical release they allowed people to choose their own price minimum being the 45pence handling fee. generated alot of press albeit with some controversy.

                          On the minus side, its less aesthetically pleasing, the physical contact is eliminated. no tangibility. i personally like having something i can hold. especially vinyl, reading the sleeve notes, playing it on your deck..even the smell!..but i guess its all don to the individual preference.

                          #1246271
                          General Lighting
                          Moderator

                            @DaftFader 456051 wrote:

                            Ra £750 just to apply! Do they get this back if they arn’t acsepted?

                            no – its classed as an admin fee (same as applying for a license for a big legal rave). Employers sometimes help with the costs – hence why a lot of poorer immigrants chance it with breaking the rules

                            #1246272
                            General Lighting
                            Moderator

                              @D_ni 456054 wrote:

                              On the minus side, its less aesthetically pleasing, the physical contact is eliminated. no tangibility. i personally like having something i can hold. especially vinyl, reading the sleeve notes, playing it on your deck..even the smell!..but i guess its all don to the individual preference.

                              I grew up not just with vinyl, but cassettes and even spools of tape as well as they growth of EDM from synthpop to rave so can agree with this to some extent, but it seems that digital has genuinely cleaned up the industry in more ways than one. by removing the “high risk/high return” nature of the business and the higher entry costs its not just made things difficult for the suits and ageing rock stars but distanced the industry (particularly in England) from organised crime and laundered drugs money.

                              This side wasn’t harmless fun – people I know got hurt or killed over the years or ended up with addictions/institutionalised – with some genres a culture of competition between artists was so intense it led to violence, a friend of mine and my family who was a well respected urban/garage producer sold his studio and went back to his day job in a bank as he had become a dad and there was a very strong risk of being stabbed or shot at urban events in the late 90s/early 2000s.

                              The only reason these events are “safer” now (at least in London) is because the feds are more culturally aware and promoters have been forced into working with them if/when required, and some provincial areas no longer license EDM events as they don’t have the resources to deal with the security risks.

                              OK it might put a permanent end to people treating music production/performance as a permanent career but it will has also removed a lot of the ego and stupidity from this industry, just like the dotcom crash cleaned up IT. In fact it might be better as you can’t outsource all your music production to India (unless you really wanted to) and even then if you wanted a sitar or tabla player for a track you probably could find one by asking around at the local shops in most areas we live in :laugh_at:

                              #1246279
                              D_ni
                              Participant

                                @General Lighting 456091 wrote:

                                even then if you wanted a sitar or tabla player for a track you probably could find one by asking around at the local shops in most areas we live in :laugh_at:

                                hmmm 100% Nachna (Bhangra Techno Remix) – YouTube 😛

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                              Forums Music Music Production UK : EMI sale in the balance as Warner Music withdraws bid