£300m retune for EMI

Guy Hands, the controversial City financier behind the crisis-hit company EMI, is preparing to inject £300m to shore up the troubled music label.The last remaining large-scale British music business has been buoyed by the recent releases of Lily Allen and Coldplay and is sitting on what is believed to be dozens of unreleased Michael Jackson songs, including tracks recorded just before his death with Will.i.am and Akon.But despite raking in profits from its recorded music wing of £160m, an ...

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