Troubled record company EMI is in the news again for all the wrong reasons, as its current owner Terra Firma turns on the bank that financed the £4bn ($6.5bn) takeover.

 

Private equity dealmaker Guy Hands, fighting to salvage his reputation, thinks Citigroup set him up by not telling him other players had pulled out of the bidding war in 2007.

 

For its part, Citigroup says it will defend its role in the proceedings "vigorously".

 

But while the legal battle rages, EMI is still showing its peerless expertise in exploiting the crown jewels of its back catalogue.

 

In September, EMI gave its balance sheet a much-needed boost with remastered CD editions of all the Beatles' original albums.

 

There were also two expensive box sets, one in mono and one in stereo.

 

Now, just when long-suffering collectors thought their wallets were safe from further attack, EMI has returned to the fray with two more repackage jobs.

 

One is a "Christmas pack" containing four of the most acclaimed Beatles albums - Rubber Soul, Revolver, Sgt Pepper and Abbey Road.

 

The other is an extremely limited apple-shaped USB drive containing the Beatles' works in MP3 and Flac formats - the only way to obtain the band's music legally as digital files, since none of their songs are available from download sites.

 

see whole article here: http://news.bbc.co.uk/1/hi/business/8411741.stm

The Beatles are keeping EMI afloat at the moment.

 

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