Monday, August 6, 2007

EMI CD sales plummet to tune of 20%

Music revenues fell by 13.4 per cent in the quarter. EMI added that it had been the victim of “difficult market conditions,” as a 26 per cent surge in digital revenues failed to offset plunging physical sales.

Revenues at EMI’s publishing arm grew 12 per cent on a constant currency basis, partly on the back of litigation settlements.

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