According to a new report, EMI, the label Katy Perry and Coldplay call home, lost $1.2 billion in the fiscal year ending March 31st of this year.Ouchy!Analysts say the loss can be blamed on poor" operational performance. In particular, 'a high-spending culture (including high executive salaries), overly traditional artist relationships and poor reporting of data [...]
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[Source: Celebrity gossip juicy celebrity rumors Hollywood gossip blog from Perez Hilton]
