According the NY Post, Terra Firma CEO Guy Hands is telling prospective partners that they can nearly quadruple their money in the struggling major label and cash out within five years.
Terra Firma plans to improve its EMI investment by cutting costs…
The cost cutting includes reducing A&R and marketing costs by 58 million by using social networks and user generated web sites like Myspace to discover and promote talent, cut $31 million in sales and distribution, and improve the recorded music businesses’ cash flow by driving over $700 million in from
online and mobile music. Terra Firma also has $100 million set aside for purchases of small indie labels. (NY Post)



More...