Music group EMI, home to Robbie Williams and Lily Allen, has suggested it will axe artists that are not working hard enough as it takes a fresh approach to the music business under new private equity owners.
Guy Hands, head of buy-out group Terra Firma, said in a memo to EMI staff that his initial views on overhauling the recorded music division included more rigorous demands on artists.
"I do see a need for fundamental change in how we approach the music business and how we deliver the interconnected triangle of the consumer, EMI and the artist," he said in the memo, obtained by the Financial Times and posted on its website.
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