Monday, December 3, 2007

Radiohead guitarist attacks EMI owner

Radiohead guitarist Ed O'Brien has said EMI's new owner "doesn't understand the music industry".He blamed Guy Hands and his company Terra Firma for the band's decision to leave the music giant, their long-time label, earlier this year."EMI is in a state of flux," he explained. "It's been taken over by somebody who's never owned a record company before, Guy Hands and Terra Firma, and they don't realise what they're dealing with."O'Brien told Observer Music Monthly Radiohead had wanted to reach a deal and added: "It was really sad to leave all the people [at the label]. But he wouldn't give us what we wanted. He didn't know what to offer us. Terra Firma doesn't understand the music industry."Hands's private equity company bought EMI for £2.3 billion in July and it has since reportedly fallen out with several artists.

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