Monday, October 08, 2012

Fuller swoops for EMI offcuts

There's a clutching of handkerchiefs to mouths at the news that Simon Fuller might buy the bits of EMI regulators are making Universal sell as the price of merger.

Fuller! Imagine! He did the S Clubs and game show pop stars! The very idea.

And, yes, the idea of an already rich and poweful man becoming a bit more rich and powerful is hard to celebrate.

But there's actually an upside, which does make the idea of Fuller rummaging in the EMI bins something we should welcome.

First of all, he's apparently thinking of buying all the bits - Mute, Parlophone, the 50% of Now Thats What I Call Music - the whole lot, rather than taking a couple of bits.

It'd actually be enough, surely, to count as a fairly considerable label in its own right; and still based firmly in the UK. Wasn't the loss of that something we were meant to mourn when EMI was sold off?

Also, whatever Simon Fuller's other faults, he is a pop music man. Isn't it better for Parlophone to be owned by the bloke who put together S Club 7 than Guy Hands and his Motorway Service Station business? Or, indeed, than Universal, a tiny part of a conglomerate that might have spun off its water business but still doesn't seem to moved on from pushing sewage about?

It would be lovely to think Parlophone could be turned into a worker's co-op, or Mute become a John Lewis style concern, but that's unlikely to happen. Also, can you imagine the meetings when Chris Martin started to pipe up?

So, the whole thing in the hands of a man who understands how to sell music? Could be worse.

And at least it's not Cowell.


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