antiMUSIC - EMI At A Loss

EMI At A Loss

11/16/06
. (FMQB) EMI Group has reported a first-half net loss of $57.9 million, which it says is due to a soft album release schedule in the first half of the fiscal year, ended September 30. A statement from EMI reports revenue of �867.9 million, down from �924.6 million in the prior year. "EMI Music revenues declined by 5.2 percent at constant currency, largely reflecting the phasing of the planned release schedule which, as previously indicated, has a greater weighting to the second half of the financial year," reads a statement from the company.[see full story for more including an interesting tidbit about their digital future..] - Click here for the Full Story

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