When EMI got taken over by the private equity firm Terra Firma in 2007, things didn’t go down too well between the crew and their new management. The music press reported that the band had turned down a £3 million advance because EMI weren’t willing to give up control of the band’s back catalogue. An EMI spokeman said the band was asking for an “eye watering” amount of cash, but Radiohead’s management team denied that saying it was really all about being in control of their own music.
EMI acquired by Terra Firma
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