Hands Out for EMI

HANDS OUT: Terra Firma is now asking investors to pony up some $551 million to prevent EMI Music from falling into lender Citigroup’s hands. Reuters reports that Guy Hands is looking for three times the $190 million it owes to help see the company through covenant tests until the 2.6 billion pounds in Citigroup loans can be refinanced. According to a source, the money “would make EMI bulletproof through to 2015.” Meanwhile, the stateside company remains hot, with ACM-winning Lady Antebellum and Now 33 continuing in the Top 10 this week. (4/20p)

BACK TO RUMOR MILL

		NEAR TRUTHS: CENTERS OF GRAVITY Eilish enters a powerful new creative chapter. (5/6a) Check It Out Now ON THE COVER: TAYLOR SWIFT Sorry, Tay, but we had to do it. (5/6a) Check It Out Now HITS LIST: HANGIN' OUT With extra relish (5/6a) Check It Out Now LATEST SCORES: KENDRICK VS. DRAKE Multiple lead changes in this playoff game. (5/6a) Check It Out Now LIVE NATION POSTS (ANOTHER) RECORD QUARTER More butts in seats than ever before. (5/3a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

Hands Out for EMI

Modal