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ivan@stellysee.de
| From | "bryan" <munki100@pacbell.net> |
| Subject | Re: EMI shake-up today |
| Date | Thu, 1 Apr 2004 09:43:22 -0800 |
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> > London-based EMI Group will lay off at least
> > 434 of the approximately 600 employees at its
> > CD, DVD and cassette manufacturing plant in
> > Jacksonville, most by the end of May, as part
> > of plans to contract out its U.S and European
> > production and cut 1,500 jobs worldwide.
There was a reason that Time Warner (who used
to own Warner Music Group) sold its WEA CD
and DVD manufacturing facilities to Canadian
company Cinram for $1.05 billion last year
(knocking their debt down to $24 billion in the
process).....physical production of hard media is,
according to some, in real trouble. Piracy and its
cure -- streaming and paid downloads -- will drive
people to connect to entertainment, not own it.
That's what the owners of content (record labels)
are betting on right now, so everything connected to
the physical production of CDs is going to be
changing over the next few years. Expect to see
a lot of manufacturing companies close their doors.
Bryan
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