02 Nov 07 Don’t You Love Those Major Labels?

Music group EMI, home to Robbie Williams and Lily Allen, has suggested it will axe artists that are not working hard enough as it takes a fresh approach to the music business under new private equity owners.

Guy Hands, head of buy-out group Terra Firma, said in a memo to EMI staff that his initial views on overhauling the recorded music division included more rigorous demands on artists.

The group is also bringing in John Birt, well known in the UK as the Hatchet Man at the BBC when he was Director-General.

Tags: axe, bbc, director general, equity owners, guy hands, hatchet man, initial views, john birt, lily allen, music business, music division, music group emi, overhauling, private equity, recorded music, rigorous demands, robbie williams, terra firma, working hard