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Latest Guy Hands Stories

2008-10-25 15:00:12

The EMI music company has lost $1.2 billion through its inability to adapt to changes in the U.S. music industry, a financial group says. A report from the Maltby Capital group said the "changing consumer market for music" caused the major music label to lose revenue to the tune of $1.2 billion in the financial year leading up to March 31, the Los Angeles Times reported Friday. "EMI Music had a history of signing great artists but had not adapted sufficiently to the changing consumer...

2008-07-08 09:00:42

By Sarah Arnott EMI chairman Guy Hands has turned to a marketing expert with no experience of the music industry to help him turn round the record company's fortunes. But can Elio Leoni-Sceti win over the artists? Sarah Arnott reports Business Analysis The appointment of a little-known Italian marketing executive to run EMI's recorded music division is the latest step in the reinvention of the beleaguered label by Guy Hands, its private equity backer. Elio Leoni-Sceti was recruited...

2008-07-08 06:00:23

AN INDUSTRY outsider was yesterday named as the new boss of private equity-owned EMI's recorded music division. Elio Leoni-Sceti, formerly European head at household goods giant Reckitt Benckiser, is the new chief executive of EMI Music. He has worked at Reckitt - whose products include Dettol, Nurofen and Finish dishwasher powder - for the past 16 years, but has never worked in the record industry. EMI's famous label's artist roster includes best-selling acts such as Coldplay, Kylie...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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