EMI home of The Beatles runs up huge loss of 18 billion

EMI, the music giant controlled by Guy Handss Terra Firma, lost a staggering 1.8bn last year leaving it in desperate need of a 120m cash injection to stave off lender Citigroup from taking control of the business.

Source:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/7160144/EMI-runs-up-loss-of-1.8bn.html