The write-offs include a pounds 661 million hit on the value of its music back catalogues
BRUMMIE drummer Carl Palmer gets back together with his original Asia bandmates Steve Howe, John Wetton and Geoff Downes for a gig showcasing their various back catalogues
Some are on site, some are at the design development stage, but the idea is to present work that will actually be realised at some stage, as opposed to a cavalcade of aborted back catalogues
They long since ceased to be relevant in current music terms, but there is no denying one of the greatest back catalogues
in the business.
It's a trend which is set to continue for people with extensive back catalogues.
They will give Rod around pounds 20million in the form of a loan, guaranteed by the flow of royalties from songs in his back catalogue.
This creates an opportunity for retailers and labels to promote and sell back catalogues
and related merchandise.
The trio trade vocals as they trawl their back catalogues
and sing standards ranging from Heartaches By The Number to Still Water Runs The Deepest.
It owns record labels, back catalogues
and studios as well as being involved with licensing, merchandising and production of music DVDs.