Citigroup takes control of EMI

Investment bank Citigroup has seized control of record label EMI from beleaguered financier Guy Hands, it was announced today.

Tue, 01 Feb, 2011 - 17:10

Investment bank Citigroup has seized control of record label EMI from beleaguered financier Guy Hands, it was announced today.

EMI – home to artists including Lily Allen and Robbie Williams – has seen its debt reduced from £3.4bn (€4bn) to £1.2bn (€1.4bn) under terms of the deal.

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<p>The consistent amplification of youth-coded sexual themes and other ambiguously aged depictions, while distinct and separate from child sex abuse material, frames youth as the sexual selling point. It cannot then be a surprise that this blurring of boundaries undermines the seriousness of exploitation for some viewers.</p>

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