Mixalbum.com Inks DRM-Free Content Deal With EMI’s Positiva
Mixalbum.com has secured EMI’s Positiva catalog for their new online DJ-mix store. The individual downloads will be delivered DRM-Free with no restrictions. Mixalbum.com enables consumers to create their own beat-mixed compilation albums. The new service/store allows users to fake the funk by having software create a seamless mix of their own personalized playlist. The consumer can then choose to have the final mix burned to a...
Terra Firm’s Buyout Of EMI Finally Approved By 90% Of Shareholders
Terra Firma’s buyout of EMI Group was finally sactioned by EMI’s shareholders when the required 90% approval milestone was reached. Citigroup, who is financing the endeavor, threatened to pull their funding of the 90% approval was not reached. Terra Firma’s 265 pence per share bid valued EMI at $4.8 billion / £2.4 billion, but the assumption of the company’s massive debt bumped the figure up to $6.4 billion /...
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