The L.A. Times Interviews EMI CEO Roger Faxon
February 14, 2011 at 4:00 AM (PT)
With EMI in the headlines, CEO ROGER FAXON sat down with ALEX PHAM of THE LOS ANGELES TIMES to talk about his company -- and the music business. FAXON has an interesting background, with a stint as COO of LUCASFILM from 1980 to 1984. That's when the studio released "Raiders of the Lost Ark" and "Return of the Jedi." He also worked for TRI-STAR and COLUMBIA PICTURES.
Some of the highlights of the interview:
LAT: CITIGROUP is largely expected to sell EMI before the end of the year. Will the bank keep the company intact or sell it off in pieces?
FAXON: Breaking the business apart is really a step backward. The music business as we knew it is in slow decline. You need an idea that expands and builds markets. A global rights management is the way we will grow the business. To do that, you need to have both parts of the company working together.
LAT: How do you see that working?
FAXON: The industry is suffering from a lack of perspective. You have to have a broader view. You can't think the world is made of discs. We make music, and music touches consumers in vast numbers of ways. We have to look at music not as a thing but a set of rights that we manage into every possible channel. The ability to link recorded music and music publishing is essential to making that transition.
Read the full interview here.