Sign of the Times!

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Permalink Reply by Drew Sanford on February 16, 2010 at 9:38am

Selling Abbey Road is a pretty epic move for EMI. Maybe this act makes them desperate enough for cash to prove that Warner isn't interested in buying/merging with EMI. Or do you think the debt reduction might be something Warner wants done before they make a deal?

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Permalink Reply by Bret Teegarden on February 16, 2010 at 9:41am

Its probably a little of both. Maybe they see where reality is headed for large studios and need to shore up their balance sheet for any deal that might happen.

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Permalink Reply by George Cumbee on February 16, 2010 at 4:06pm

What do you mean LARGE studios.??...I think ALL is more appropo....

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Permalink Reply by Bret Teegarden on February 16, 2010 at 4:07pm

good point

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Permalink Reply by Robert McCormick on February 16, 2010 at 6:46pm

Hmmm...

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Permalink Reply by Drew Sanford on February 22, 2010 at 6:48am

News today is Abbey Road is no longer for sale, EMI is going to keep it. I wonder why? Maybe Warner wants it? I see a deal with Warner as inevitable.

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Permalink Reply by MArc-Alan Barnette on February 22, 2010 at 5:29pm

They have an offer of $46 million from Andrew Lloyd Webber. They were asking $30 million. Overall, it will get new funding and they will keep it running. They could always turn it into a museum and probably make more money than it ever made as a studio. The Motown museum in Detroit is always packed.

MAB

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