Music Gear News

At Gear4music.com we update our news channel daily to ensure you always get the latest and most important music news.

Nick Mason talks about future of EMI

Pink Floyd drummer Nick Mason has mourned the future of his band's record company, EMI, which was taken over on Tuesday (01.02.11) by banking firm Citigroup.
Great deals on musical instruments

Pink Floyd drummer Nick Mason has mourned the future of his band's record company, EMI.

Ownership of the psychedelic band's record label passed to banking firm Citigroup on Tuesday (01.02.11), meaning the company that previously owned it, investors Terra Firma, are no longer in control and parts of the business are likely to be sold off.

Terra Firma, led by financier Guy Hands, took over in 2007, buying the label for £4.2 billion - which it now believes was more than it was worth.

Pink Floyd - who are no longer active as a group - have spent their entire career with the record company, signing in 1967, and Nick said he's always been glad to be part of its "family".

He told the BBC Radio 6: "There's something very sad in a way about a company that - I remember it in 1967 when The Beatles were the big stars on the label, and it was fantastic to be a part of that family.

"I await the outcome [of the takeover] with interest.

"I think it very unlikely that Citibank are going to take a number of their smartest boys and start running a record company.

"It will almost inevitably will be sold on somewhere else. It may well be broke up a bit with publishing sold and record studios sold."

Nick, 67, added that the company being taken over is a symptomatic of how fast modern business moves, and how quickly things can change.

He added: "The passing of anything like that, like talking about the passing of the British motorcar industry, it is really sad, it is extraordinary in the 21st century how quickly big companies can be destroyed or broken up or whatever the march of business or industry or whatever runs at such a pace."

Posted on 3 Feb 2011 06:30 to category : Music News

Related Music News

thumbnail

With the advent of various new files formats and the cancelling of several licensing programs, the MP3 is speculated to soon become a thing of the past.

17 May 2017 12:40
thumbnail

JBL Professional has launched a competition that gives aspiring musician the opportunity to record in a professional facility with renowned producer Steve Levine.

8 May 2017 14:48
thumbnail

Delivered by Choreographer and Theater Director Arlene Phillips, The Bacc For the Future campaign has acquired support of over 100 hundred influential figures

28 Mar 2017 12:28
thumbnail

On the 22nd of April, Pink Floyd will be releasing an unheard version of the iconic classic 'Interstellar Overdrive' in celebration of world record day

23 Mar 2017 15:29
thumbnail

With an increased quality of specifications right across the board, Apple's eponymous 'iPad' will host a whole generous selection of great new features.

22 Mar 2017 15:09
thumbnail

Supported by the likes of Ed Sheeran, Royal Blood, Wolf Alice and many more, Fanfair Alliances new educational guide is available for free download online.

21 Mar 2017 15:25

Recent Music News

thumbnail

The latest addition to the illustrious range of Katana Amplifiers, the Katana-Mini guitar amplifier brings classic BOSS tone in a portable and lightweight design

23 Jun 2017 10:23
thumbnail

Today's second pedal release from BOSS for Roland's 'Future Redesigned' campaign, the MD-500 is the latest comprehensive workhorse for the modern musician.

23 Jun 2017 09:49
thumbnail

The most advanced reverb pedal to come from BOSS to date, the RV-500 pedal promises a wealth of tone shaping options and professional grade versatility

23 Jun 2017 09:14
thumbnail

Using the feedback from the guitar player community Walrus Audio has devised a new and improved pedal that eliminates the pitfalls of its predecessor.

22 Jun 2017 16:09
thumbnail

After the release of the Hall of Fame 2 and Pipeline Tap Tremolo Pedals, TC Electronic's Flashback 2 promises for unprecedented expression and otherworldly tone.

21 Jun 2017 15:29
thumbnail

Looking to get that perfect take? M-Audio's M-Track 2X2 Vocal Studio Pro gives you professional standard recording capabilities in a robust and compact format.

20 Jun 2017 15:01