Terra Firma has succeeded in raising at least £105 million of additional investment in EMI, to keep the music group out of the clutches of bankers Citigroup. A statement revealed that the company “has received confirmation from Terra Firma, its shareholder, that it intends to invest additional sums in EMI to enable the business to maintain compliance with its banking covenants”. In separate news, though, EMI has taken a potshot from Sir Paul McCartney, blaming it for the lack of Beatles downloads on iTunes. “It’s been business hassles. Not with us, or iTunes. It’s the people in the middle, the record label. There have been all sorts of reasons why they don’t want to do it.” In a statement, EMI has responded that “Discussions are ongoing. We would love to see The Beatles’ music available for sale digitally.” Source: Wall Street Journal Source: BBC Newsbeat
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