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 [...]

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Via: Daily Swarm British equity firm Terra Firma Investments has sued Citigroup Inc., claiming it paid a “fraudulently inflated price” of 4 billion pounds for EMI‘s label and music publishing interests in 2007 as a result of misrepresentations made by the lender. In the action, filed Friday in New York Supreme Court, Terra Firma claims [...]

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