Via: Wired

The smallest major record label, EMI, was acquired by Terra Firma earlier this year, and according to a document the company sent to potential investors, Terra Firma may be looking to get out of the recorded music business in 5 years.

Terra Firma is in the process of selling 15 percent of its interest in EMI, and, according to the investor document, plans to sell off its recorded music business in 2012. The document named Warner Music Group, Google, and News Corp. as potential buyers. [Read More]