EMI Say Coldplay, Gorillaz Responsible For Declining Profits
We know Coldplay are capable of wooing Gwyneth Paltrow, creating a media circus in Toronto and selling out concert halls in a matter of seconds. But it turns out the British softies are also responsible for a declining profit from EMI Group, their record company. Reuters reports British-based EMI, the world’s third-largest music company, said its full-year profit fell after delays in two key albums from Coldplay and the animated band Gorillaz. According to The New York Daily News, EMI’s stock plummeted 16 per cent in one day when the company announced the latest releases by Coldplay and Gorillaz would… Read more »