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The Beatles and Apple fail to save EMI

Dusty Ayres

Commodore
The EMI label who last month was cutting deals with Apple that saw the Beatles music available on iTunes is set to be owned by a US bank after their holding Company found themselves unable to pay out billions in debt.

Private equity firm Terra Firma is set to cede control of EMI to Citigroup -- the bank that loaned it billions to help buy the label which despite record iTunes demand for Beatles content has been unable to generate enough cash to bail them out of trouble.

The private equity firm is now reportedly telling its backers it may have to give up EMI, should the backers opt not to provide additional financing to help pay back Citigroup's loans.

The Beatles and Apple fail to save EMI

Looks like we'll be seeing the end of EMI, or maybe the aforementioned possible merger with Warner Music Group. Any thoughts?
 
Any thoughts?

Who cares?

Not making fun of the thread, but really, did anyone really think that Beatles music on iTunes was / is that big of a deal?

Look 40 year old music is now on iTunes! Even through it could be bought through several different mediums, and illegally downloaded by anyone who wanted it that badly.
 
Anyone who thought the Beatles on iTunes deal was going to lead to a large influx of cash for EMI needs their head examined.

They waited so long that anyone who's remotely a fan of the Beatles was already going to have ripped their CDs or resorted to other means to get the music on their iPod. At this point, EMI was only going to see small scraps from iTunes music sales.
 
EMI better hope that WMG or Sony still wants them; if not, it will end up being owned by the British government just like Smithsonian Folkways is now owned by the U.S. government.
 
Had EMI given in to customer demand back about 15 years ago they might've gotten enough cash to prevent having to borrow so much. BUT they wanted to be difficult.

Now most anyone who had a strong hankering (yes..I said "hankering") for Beatles tunes on their Ipod simply burned them from their cd's or downloaded them illegally.

This should set a good example for any other company that doesn't give in to the demands of customers (I'm talking to you owners of the rights to Batman the tv show) and provide for that demand. They'll go somewhere else!

Really they will!! Just ask the bootleggers!!!
 
Considering the staggering amount of money they must have made from the Beatles, not to mention owning Abbey Road, the question has to be asked, where did EMI go wrong?
 
Considering the staggering amount of money they must have made from the Beatles, not to mention owning Abbey Road, the question has to be asked, where did EMI go wrong?
 
This should set a good example for any other company that doesn't give in to the demands of customers (I'm talking to you owners of the rights to Batman the tv show) and provide for that demand. They'll go somewhere else!

Really they will!! Just ask the bootleggers!!!

The issue with Batman is three different companies claim the rights. Once they figure out who owns it it will be on DVD right away.
 
An unlimited supply
and there is no reason why
i tell you it was all a frame
they only did it 'cos of fame
who?
EMI EMI EMI
 
EMI had nothing to do with the Beatles music taking so long to go on iTunes that was down to Apple Corps. Ltd having a problem with Apple Inc going into music when they had said they would not in the past. The timing was a coincidence
 
Well think about it, you could probably buy the CDs of nearly ANY Beatles album for less than you could download it anyway, so.... why would I want to download it on iTunes? I already own pretty much every Beatles album I care about in CD format already and most of them are ripped in iTunes or MP3 format anyway so... big whoop.

Probably the only one I MIGHT buy on iTunes is Revolver, because I cracked the CD before I burned it - stupid CD sleeves LOL. But I could probably just buy it on CD again for less than what I'd probably pay on iTunes.

Only reason I could see ANYONE buying it on iTunes is if they're on an iPhone or iPad and just too frakkin' lazy to sync their device to their computer when they got a hankering for Beatles music.
 
I agree with everyone else, I love The Beatles, but I've already put their music in iTunes through other means rather than purchasing it. If this would have happened when iTunes first came out I could see it being cool, but now it's a day late and a dollar short.
 
When I first heard the announcement that the Beatles were being releases on iTunes, my first reaction was, "Um...why aren't the Beatles already on iTunes?"

Everything is on iTunes. The random local band that lives down the street from me is on iTunes! Anybody who really wanted the Beatles in MP3 format very likely already had it done.
 
When I first heard the announcement that the Beatles were being releases on iTunes, my first reaction was, "Um...why aren't the Beatles already on iTunes?"

Everything is on iTunes. The random local band that lives down the street from me is on iTunes! Anybody who really wanted the Beatles in MP3 format very likely already had it done.

They weren't on iTunes due to legal issues, mostly Steve Jobs using Apple for the company name.I guess all of that finally got resolved. I suppose for future generations it will be god for them to ding The Beatles on iTunes, that would be another ten or fiveteen years right?
 
Paul McCartney took his solo and Wings back catalogue elsewhere this year, Queen have jumped ship for Universal as well, and rumours abound Floyd may possibly be off too. Their most prized artists are deserting them in droves this year.
 
I'm totally speaking about those who would've purchased the iTunes versions back when they first picked up iPods. There was a demand. There were consumers, critics and musicians that were voicing a demand. The music was not released to iTunes when there was a demand and the demand went elsewhere.
(btw - I understand the whole ownership thing about the Bat's tv show. BUT these people need to understand there's a lot of folks, like me, who would've loved to own the show, in it's production packaging with it's special features! I would've loved to share my enjoyment with my children, BUT now I have to settle for edited re-runs on the HUB. Which is better than nothing.)
 
Paul McCartney took his solo and Wings back catalogue elsewhere this year, Queen have jumped ship for Universal as well, and rumours abound Floyd may possibly be off too. Their most prized artists are deserting them in droves this year.

Yeah, they're on eMusic now, which honestly, is becoming better and better all the time, track prices are about half of iTunes, they've got loads of free stuff on there by little known bands or covers, but eh, it's free and some of it's pretty decent. And they've got a library nearly as large as iTunes if not maybe even larger.

Only a matter of time really before iTunes either has to adapt or go the way of the Newton...
 
I received The Beatles Stereo Box for my 50th last year. Who needs iTunes, LOL!

Seriously though, the current owners of EMI paid a ridiculous price for the label and are now reaping the "benefits" of that deal.

The catalogs of Pink Floyd and The Beatles will sell as long as people listen to recorded music, but even that's not enough to save a label that hasn't come up with any new artists to take their place(s).

Sure, the John Lennon Signature Box came out this year, but why pop for that when you can get the same remastering on the "Gimme Some Truth" 4 disc themed box for WAY under $40. The GST box has all of "Plastic Ono Band" and skips only a track or two per album from the rest of his catalog. Lennon is one of my heroes, but I don't think anyone expected his remastered solo catalog to light up the charts, especially when some albums were shared with Yoko Ono on "vocals."

Greed has done the music industry in and EMI never DID manage to/get around to satisfactorily remastering the Pink Floyd catalog. What did they expect? Duh.
 
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