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Apple

+ - EMI is Dead. Will Apple Swoop Publishing Rights?

Submitted by Hodejo1
Hodejo1 (1252120) writes "Yesterday, Citigroup foreclosed on EMI Group, ending the 80 year run of the smallest of the major labels. With no desire to run a record company Citigroup will presumably sell off the assets piecemeal with the labels vast array of publishing rights being the most valuable prize. As ex-Creation Records head Alan McGee told NME "Their publishing catalogue is still worth a lot of money, but unfortunately these days no f**ker wants to buy a record company". With the other major labels facing financial issues themselves some see this as a ripe opportunity for Apple to snare the publishing rights for iTunes at distressed prices and keep the checks it now sends to EMI. Google Music might have similar thoughts."

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