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...taking on EMI is a different proposition altogether. Private equity firms, unlike the stars on EMI's books, prefer to toil in, well, private, dissecting a business well away from the glare of the media. Way before Hands took an axe to EMI's payroll, Terra Firma's management of the business was caught in the spotlights. Worried that Hands wouldn't know his A&R from his R&B, alt-rockers Radiohead severed ties with the label shortly after it was sold to the private equity firm, and took the radical step of allowing fans to download and name...

Author: /time Magazine | Title: Big Cuts Planned at EMI | 1/15/2008 | See Source »

...Still, don't assume private equity chiefs can't work fruitfully in the creative industries. Since Permira, another leading U.K. private equity firm, took a majority stake in ALL3MEDIA in 2006, the British TV production company has been performing well, says Rob Donaldson, head of private equity at consultants Baker Tilly in London. A bigger worry for EMI: the publicity generated by the shakeup pushes more artists to withhold their music. "It's difficult for artists to invest in a company going through such change," says one record industry exec. "Will the A&R man who believes...

Author: /time Magazine | Title: Big Cuts Planned at EMI | 1/15/2008 | See Source »

...Middle East. Israel and Palestine must be wholeheartedly committed to following a course towards peace. The specific details of an agreement—such as the dismantling of Israeli settlements, reparations for Palestinian refugees, and the dividing of Jerusalem—must be settled in a fair and firm manner through diplomacy between the two parties. Both sides must also realize that a solution will involve compromises by both sides. In particular, Israel will have to give up land and dismantle its settlements in the West Bank. Palestinians need to forget the notion of a right of return?...

Author: By The Crimson Staff | Title: A New Push For Peace | 1/15/2008 | See Source »

...Rafshoon, who owns a film production firm, said Bloomberg's experience starting and running a global media company gives him the competence the "times and recent experiences" demand. "He's not an ideologue," said Rafshoon. "He's a problem solver. He has also run things," he said. "He has started a business, run a business. He has run a city... When you hear him talk about the issues he's not in opposition to any particular group. He's trying to find a common ground...

Author: /time Magazine | Title: Draft Bloomberg Movement Launched | 1/15/2008 | See Source »

...With an audience estimated at 78 million people, online video is big business in China: Western venture capitalists have poured $120 million into the industry since 2004, according to CCID Consulting, a leading Chinese IT firm. Tudou.com, China's largest video sharing website, serves more than a billion minutes of video per day, some 30% more than YouTube. "People spent twice as long on Tudou than on YouTube ," says CEO Gary Wang, who founded the company in Shanghai in 2005. "They really get in and get stuff they don't typically...

Author: /time Magazine | Title: China's YouTube: Trouble for Beijing | 1/15/2008 | See Source »

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