EMI Going Solo Despite Crumbling Music Industry
EMI Group Plc played down chances of an attempt to merge or sell its business on Friday, saying it was more convinced than ever it was best off alone despite a rapidly shrinking music industry. Signs so far this year point to a steeper than expected decline in global music sales of four percent, but the world’s third biggest music group remains on track to meet its targets, EMI’s head of recorded music Alain Levy said. “When we originally announced a merger with Warner Music, we made clear the best option after that was to remain as a stand-alone. That… Read more »