EMI Reports Net Loss for First Half
London – EMI Group PLC, one of the world’s ‘big three’ music companies, reported a fall in sales and a net loss for the first half of its fiscal year Friday but said it expected an improvement in the second half when its album release schedule kicks in. EMI, whose artists include Coldplay, Norah Jones, Kylie Minogue and Robbie Williams, said it was confident the global music industry was returning to a growth phase after a sales slump from 2000 to 2003. Chairman Eric Nicoli said the global industry recorded a decline of 1.3 percent for the first half of… Read more »