No it’s not the teacher from “Fast Times at Ridgemont High” but U.K. businessman Guy Hands CEO of the private equity firm Terra Firma Capital Partners, and the new leader of the EMI record label. Since the record industry has been driving itself into the ground it may take an outsider to straighten things out.

Matthew Lynn wrote a commentary on the Bloomberg website that highlights some of the changes, pros & cons occuring at EMI. Feel free to let us know your thoughts on the current state of the music industry.

bloomberg.com/apps/news?pid=20601039&sid=aECFx9Ako770&refer=home