on diligence in acquisitions...

Robert Fripp's Diary for Friday, 5th August 2011:

In the inbox, from an artist-pal, the tale of their difficulties getting paid when UMG took over the record company which released their albums.

It seems UMG do not do takeovers very well. We have had problems with BGM/UMG, Island/UMG and Sanctuary/UMG. What is the common factor here? The sharp-eyed among visiting DGM innocents may already have detected this. Even with my short-sightedness, it’s not hard to find.