As Terra Firma fights to convince investors to pump another £120 million into EMI to prevent the company falling into the hands of bank Citigroup, EMI Music CEO Elio Leoni-Sceti has been talking about planned changes in the coming months. It’s aiming to save tens of millions of pounds by investing in new systems, and reducing the company’s headcount further. “We will present a compelling new five-year business plan with particular focus on the coming year,” says Leoni-Sceti. “It will involve both an acceleration in revenues coming from product innovation at EMI Music Services and some cost reductions from the introduction of new systems and technology and the elimination of some duplication. This will confirm our vision to evolve into a digitally-led music company”. Source: Telegraph
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