MUSIC giant EMI tripled its earnings over the past year, helped by cost-cutting measures that reportedly caused a near-revolt by its artists. The company generated underlying earnings of 163m between March 2008 and 2009, against 51m the year before. It is the first full year EMI has been under the ownership of the private equity group Terra Firma. In 2008, the new owners shed 2,000 of EMIs 5,500 members of staff worldwide, which saved it 48m this year. Senior members of EMIs board also lost their jobs in the takeover, leading to fears the label would lose its creative edge. Radiohead, one of the labels biggest acts, left EMI saying the new owners did not understand the music industry. At the time, Radiohead guitarist Ed OBrien said: Its been taken over by somebody whos never owned a record company before. Guy Hands and Terra Firma dont realise what theyre dealing with, he said. There were also reports Robbie Williams was refusing to make another album for EMI because he was worried the new management would not know how to promote it properly. More change was to come when Guy Hands, the owner of Terra Firma, imposed a new approach towards rewarding artists. BBC