EMI announced a slew of major changes this morning, including a "de-layering" of its executive management and the ousting of two key execs. EMI plans:- De-layering the Group's management structure to allow a more streamlined approach, particularly within the developing digital landscape
- Investing and operating in territories and business areas where superior, secure returns can be generated, and reducing exposure to territories and business areas in which these conditions are not satisfied
- Continuing expansion of the Group's presence across the music value chain
- Extracting revenue and cost synergies between recorded music and music publishing
- Strengthening EMI's digital and consumer marketing capabilities
- Pursuing partnerships which allow EMI to extract further leverage from its operating infrastructure (e.g. distribution and administration arrangements)
It's been nice watching EMI shake the tree while the other labels try and pretend not to notice. If EMI stops shaking that tree, we could be in for another long period of digital dark-ages.
