A new book details the saga of private equity company Terra Firma acquiring EMI in August 2007 for £4.2bn. This extract details the battle over Radiohead’s seventh album
On Sunday 30 September 2007, just hours before the calendar flipped into Q4 and marked the start of the major labels’ busiest and most profitable retail period, Radiohead guitarist Jonny Greenwood posted a message on the band’s Dead Air Space blog. “Hello everyone,” he wrote. “Well, the new album is finished, and it’s coming out in 10 days. We’ve called it In Rainbows. Love from us all.”
This seemingly blasé post to announce their seventh studio album was followed up by the details of the release. When it became clear what precisely they were doing, all hell broke loose – not just within EMI but across the entire record business.
Continue reading...from The Guardian http://bit.ly/2GORzoe
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