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Decision day for indies.
Crucial week for indies, as Aim board meets for judgement day
By Robert Ashton & Martin Talbot
Aim's efforts to see off a damaging revolt will arrive at judgement day tomorrow (Tuesday), when its board will decide whether to back Impala's agreement to support a Warner takeover of EMI.
The UK indie group's board convenes at 2.30pm tomorrow. By the time the meeting ends around 6.30pm, it is likely to have either voted on the confidential - and controversial - indie/major pact or at least delivered a clear position to Aim chairman and chief executive Alison Wenham.
The majority of the organisation's 18 board members were given sight of the confidential agreement at an emergency meeting last Wednesday. Those contacted by Music Week refused to be drawn on their positions before this week's meeting, with the mood among the Aim board appearing to be mixed.
The UK indie body had looked vulnerable following the shock decision of Ministry of Sound and Gut Recordings to quit in protest at the Impala- negotiated deal to help Warner traverse the EC competition authorities in return for a package of remedies.
While no additional indies have yet followed Ministry and ...
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