Government listens to turkeys, bans Christmas

Rather than go over the insane anti-file sharing plan the government apparently intends to implement, here’s an extract from this month’s The Word magazine talking about EMI.

The average salary across EMI is estimated at £57,328, heavily weighted towards the top. A FTSE 100 company on average has fewer than 20 execs on £500K-plus; EMI is reported to have over 50. These top execs are the ones sitting on top of massive severance packages too…

While all labels rely on that 10 per cent of signings who are multi-platinum successes in every key territory, EMI has (Norah Jones excepted) not signed and nurtured one this side of the millennium…

EMI ignored the warnings of the last ten years to its detriment. The same accusation can be levelled at all the majors. For the first time, a format (MP3) and a delivery channel (online) were developed outside of the labels’ control; their inability to understand the opportunities and possibilities were pre-Luddite.

So obviously, the solution is to cripple the internet industry. Sheesh.