*Source: News.com (
http://www.news.com/Recording-indust...tag=nefd.top)*
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The recording industry is facing yet more bad news.
Forget about Warner Music Group's plummeting stock price, or the shrinking retail floor space. Forget about EMI's announcement this week that it's cutting 1,500 to 2,000 jobs. At least the new owners of EMI are recognizing that they bought into a dead industry and are trying to confront it head-on with significant changes in business strategy. It remains to be seen if the suits who now own EMI can navigate the shark-infested waters of a business that feeds on schadenfreude.
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