It's no secret that changes are afoot at EMI. I haven't substantiated the latest rumors, but recent Hypebot guest blogger Maths of Music 2.0 shares that his sources tell him that major changes will be announced in the next 48 hours:
- Nick Gatfield from Universal/ Island is going to be named to a major position at EMI UK. UPDATE: Gatfield was just named EMI President Of A&R UK and North America. (full story)
- Jason Flom, Chairman and CEO of Capitol Music Group in the US is on his way out.
- No EMI restructuring rumors are complete without the obligatory "Roger Ames is under intense pressure and his head is still on the block"
He also reports that EU regulations require that if more than 100 people are laid off, a 60 day announcement has to precede it. Thus there is every likelihood that the US and Asia will be the first victims of Guy Hand's axe.
