10 Most Disastrous Music Industry Deals via Digital Music News
File this one under too good not to mention.
If you don’t already read Digital Music News, you should. This is the brainchild of Industry pundit Paul Resnikoff. Established in 2004 (I think) this is one of the places I go for my up-to-date music industry info… Today’s post (excerpted below) is just a taste of the daily fodder. Also featured daily is a Job Board for all of those looking for a gig. Overall a pretty great resource and a good excuse to re-post the following:
The 10 Most Disastrous Music Industry Deals
(1) Terra Firma’s acquisition of EMI, $4.7 billion (2007)
Even Guy Hands admits he made a colossal mistake on this one. One of the last super-leveraged buyouts before the bust, EMI has now become a $4.7 billion-plus toxic mess for Terra Firma.
(2) CBS’ acquisition of Last.fm, $280 million (2007)
Scrobbling is… [Read More]


