Forget 360 degree artist contracts: the hot new thing is 40 degree spin cycles. EMI is reportedly getting into the clothing business, with a mooted acquisition of European band-themed t-shirt distributor Completely Independent Distribution. Which would presumably require a name change in the event of a deal. The company runs more than 100 online merch storefronts for bands, while also distributing clothing for the likes of AC/DC and ZZ Top.

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