Jazz Hands
Jan. 16th, 2008 01:03 pm
The man who has taken over EMI and intends to shed a third of its staff isn’t just about the asset-stripping. Some of the changes Guy Hands is making, which are aimed directly at cost-cutting, make sense; duplication can indeed be cut right down, while the fact that 85 per cent of what the company releases makes no money and 30 per cent of its artists who receive advances never go on to make albums shows that things could definitely improve. At yesterday’s meeting for all staff at the Odeon cinema in Kensington, however, he also presented other ideas for generating money in the harsh new music download world—among them, this:
“Football teams have very distinct corporate sponsorship. Why shouldn’t some of the leading bands have the same sort of relationships?”
As an example, he said EMI could help bands who would not make it on the international stage find local sponsors who want to break into the student market. [Financial Times]
[Poll #1122119]

The possibility that the “think tank” that Peter Hain’s rogue £103,000 was channelled through is phoney is an intriguing one. The Progressive Policies Forum doesn’t even show any signs of thinking; it does nothing but exist—even “sentient tank” might be stretching it—while it appears that the funds went into the PPF and were transferred out on the same day, which, by a bizarre coincidence, looks an awful lot like money-laundering. In fact the only thing that mitigates against the PPF having been set up purely as a slush fund is that, as