EMI‘s troubles got a little worse with news Paul McCartney will move his back catalog to a different label.
EMI is Pink Floyd‘s long-time label. The financially-troubled company suffered a setback last month when a court ruled in the band’s favor regarding online sales of individual Floyd tracks (“Court sides with Floyd over online sales“).
McCartney is moving to Concord Music Group, an independent label in California, which has released his last couple albums.
EMI has also seen The Rolling Stones leave, with the band’s back catalog; and Radiohead.
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