Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Consumer Electronics > CD sale...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 07, 2007
CD sales plunge 20% at EMI


EMI has revealed that revenues from CD sales have dropped by nearly a fifth.

The group's recorded music arm, home to stars such as Robbie Williams and Lily Allen, reported a 19.8 per cent fall in revenues from CD sales in the three months to the end of June, as digital downloading continued to steal market share.

But EMI offered hope that it was beginning to take advantage of the switch to digital as it posted a 26 per cent rise in digital revenues. The group, which is being taken over by financier Guy Hands in a 2.4 billion deal, said the continued tough conditions in the recorded music market meant overall revenues for the division fell by 13.4 per cent.

It also blamed the drop on a poor release schedule.

A stronger performance in its music publishing arm, which saw revenues rise by 11.9 per cent, failed to lift overall figures, down 5.1 per cent over the past four months.

CD sales have been falling steadily in recent years as music downloading has taken off.

EMI reported that CD sales fell by 12 per cent in the UK and Ireland in the year to 31 March. Industry-wide, the fall was 8 per cent.

Music labels have been battling against digital piracy and the drop in demand for physical formats, hoping to instead capitalise on downloading with online download services.

EMI launched a venture with iTunes in May that offers music to be downloaded without the digital rights management codes that restrict use.

The group said yesterday: "Early revenue indications for this initiative are encouraging."

EMI's music publishing arm is "holding up well" with digital revenues up 13.2 per cent andphysical sales 11.9 per cent ahead.

EMI's music publishing arm was said to be the main attraction in the deal with Guy Hands and observers have speculated that he may try and strike a deal with Warner Music, which lost out in the battle to secure EMI, to offload the ailing recorded music division.

Fellow British music label Chrysalis is also thought to be receiving significant attention from bidders interested in snapping up its publishing business. Universal Music, Warner Music and a raft of private equity firms are believed to be in the frame.

From Scotsman.com



Previous
Next
Microsoft Lowers Xbox 360 Price by 50$        All News        Canon Introduces Hard Disk Drive HD Camcorder
'300' Breaks Blu-ray, HD DVD Sales Records     Consumer Electronics News      Canon Introduces Hard Disk Drive HD Camcorder

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
SK Hynix Reports Record Profit
SK Hynix Develops High Density 16GB NVDIMM
Mitsubishi Doubles OLED panel's Life Span
Microsoft Outlines Basic Elements Of Direct3D 12
SK hynix Develops The Fastest Mobile DRAM
CD-R And CD-RW Discs Represent $368 Million in 2013 - CD writers and CD Combo Disappearing
Former MP3tunes Chief Loses Music Copyright Case
Pioneer Is Shipping New OLED Lighting Modules With a Wet Coating Process for a Light-emitting Layer
Mitsubishi Chemical Develops Bio-based Plastic For Automotive Touch Panels
SK Hynix To Develop Its Own eMMC Controllers
SK Hynix Starts Mass Production of 16nm NAND Flash
New SDXC And SDHC Memory Cards Support 4K2K Video

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .