MUSIC INDUSTRY: Emi's Downfall: Will the Hits Keep Coming?

Katy Perry may have turned up to EMI's post-Grammys party in a revealing silver dress, but even the "I Kissed a Girl" singer (who is signed to Capitol Records, a subsidiary of EMI) could not monopolize all the attention. Despite the lavish affair at the W Hotel in Hollywood, EMI is in desperate financial trouble. So deep, in fact, that some were wondering how it could afford to host a party at all...

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