Troubled EMI or A Momentary Lapse of Reason?

Just a few days before I fly back to cold Scandinavia for my second year in the Arts & Entertainment Master program, I deliberately decided to purchase Pink Floyd's album "A Momentary Lapse of Reason", released through EMI records back in 1987 (first Pink Floyd album after Roger Water's departure).

The album's evocative cover shows an infinite number of beds spread along a sandy beach being lost in a curved line where the human eye meets the horizon, a pretty unrealistic scene which always caught my attention in various records stores I had visited.

The glorious days of EMI, the colossal record company that shared the success of Pink Floyd, Sex Pistols (who were later fired), The Beatles, seem as an ideal past, as nowadays, EMI is facing enormous economic problems, holding not more than 9,6% of the global music business market share, counting a failed acquisition that took place in 2007, when the company was acquired by Terra Firma Capital Partners for 4 billion $.

This acquisition apparently was not a success & EMI is struggling while running loans are indebting the company more and more. In addition to this crisis, Terra Firma injected extra money on top of the money initially invested for the acquisition.

The question is who is going to bail out EMI in the future?

I still consider "A Momentary Lapse Of Reason" a great album, especially the song "One Slip".

p.s. More news about the release of Karmic Link's second official album coming soon, my approved autumn internship for a major Swedish music organization & a secret superproject that I participated over the summer...


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