Originally Posted by Nick_Bradley78
Its unfortunate how little Capitol is doing with Frank, but I wrote before that EMI as the parent company is on the brink of bankruptcy with losses of billions last year, I think the Beatles catalogue is about the only thing that keeps them afloat and in a couple of years, that begins to go out of copyright here as well.
However, the vast number of Reprise issues and the box at years end has not left the world with a shortage of Frank material by any means.
Terra Firma, the company that bought EMI just lost a major lawsuit against Citibank, they were suing because they felt they were mislead by the bank and overpayed for EMI Group Ltd. in 2007.
so my guess is based on things I've read in Business Week and other financial and industry periodicals is they lose control of EMI and their assets soon, the investers aren't going to infuse money into it forever....the word out there is that Citigroup may break the company into pieces and sell it off. Citigroup provided $4.8 billion in loans to finance the EMI acquisition.
which might be a good thing for the Capitol era Frank catalog if and when those assets might get sold, the right people might get ahold of it...