October 11, 1998 |
Visitors hoping to catch a performance of Britain's Royal Opera House company will be out of luck from January to December next year. Mired in a $21-million debt and a string of management crises, the company said it will stop performing for that period to cut costs and put its affairs in order. After December 1999, when the opera house is scheduled to reopen after renovations, plans call for fewer performances and cheaper tickets, Chairman Colin Southgate said.
June 12, 1996 |
Thorn EMI Profit Jumps 27%: As the London-based music and furniture conglomerate prepares to split in two, it reported that profit rose 27% from $650 million in 1994 to $827 million for the year ended March 31. The firm's music unit, home to the Virgin, Capitol and EMI record labels, is expected to be spun off in August after Thorn's shareholders meeting. There has been widespread speculation in the record business that Walt Disney Co. is interested in buying EMI Music.
July 24, 1995 |
Thorn EMI Seeking Hollywood Partner in Recording Business: The Sunday Times of London reported that the firm is considering a global alliance to prevent its music business from falling victim to a takeover after its planned spinoff next year. Company officials had no comment. On Friday, Thorn Chairman Sir Colin Southgate told shareholders at the firm's annual meeting that the company will make a decision early next year on plans to split its music operations from its rental businesses.
February 23, 1998 |
A new management setup at British conglomerate EMI Group failed to materialize Friday, leaving the relationship unclear between Chairman Sir Colin Southgate and Chief Executive James Fifield, whose contract runs out next year.
March 8, 1999 |
Struggling British music giant EMI Group has found a successor to longtime Chairman Sir Colin Southgate, who will step down July 31. United Bisquits Chief Executive Eric Nicoli, who has served as a nonexecutive director on EMI's board since 1993, will take over the London-based company, which is home to such recording artists as Janet Jackson, Garth Brooks, the Beatles and the Beastie Boys.
March 25, 1998 |
The executive chairs appear to be shuffling again at EMI Group, the giant British conglomerate that releases music by such pop stars as Garth Brooks and the Spice Girls. In an interview last week, EMI Group Chairman Sir Colin Southgate insisted that EMI Chief Executive James Fifield would continue running the music division until his contract runs out March 31, 1999.