Andrew Dubber has an interesting take on what to do with EMI's assets on his site Deleting Music. He is suggesting the British government buy the assets from Citigroup at a fire sale price and nationalize the archives. He argues that in the hands of the wrong people, the archives could be partially destroyed or lost. He has a point. How many pieces of film or tape have been lost through corporate buyouts, mishandling or just plain negligence. There is a trove of our past in those EMI archives. I would love to be the one working on an archival project like that. There is always the thought: How much more stuff can they find that hasn't already been released? I think we'd all be surprised what would be unearthed if someone had the respect for the music and the insight to archive and digitize the catalog. I love the Beach Boys and I'd be happy to hear or see something I've never experienced. Let's hope it gets in the right hands.
Yesterday Citigroup won a legal dispute in New York against Terra Firma Capital Partners Ltd. over the U.K. firm’s 2007 acquisition of music company EMI Group. Read more at the WSJ.