Emi profits fall but online music market improving
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LONDON: EMI, the world&#39;s third-largest music group, reported a drop in first-half profits on Friday but said the beleaguered industry was rebounding as online music sales start to take off.
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Shares in record company EMI sink nearly 15% as the company sees lower-than-expected sales.
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Shares of Vivendi Universal, the owner of Universal Music Group, and Britain&#39;s EMI Group each traded down over 2 percent Friday amid a report that New York Attorney General
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By Kevin Maney  The online digital music business stinks.    ITunes, Rhapsody, Zune Store, Napster -- you name it. They're all failures.    The hype has people believing otherwise.
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Music sales last year are expected to be down by 10% despite the growing popularity of the digital music market.
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Another year, another downward turn for the record business. So what will the industry do?
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Album sales have continued their downward slide this year, but sales of digital tracks are up almost 50 percent over this time last year.
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Although the record companies raked in $2.9 billion in revenue from digital music sales in the past year -- up 40 percent -- the collapsing CD market is dragging them down.
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LONDON -- Record companies' revenue from digital music sales rose 40 percent to $2.9 billion over the past year, but the growth is still failing to cover losses from collapse of international CD sales, the music industry's global trade body said Thursday.
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Sales of music fell at a faster rate in  2007 than 2006 despite digital sales soaring, and the  gatekeepers of the Web must act if the industry is to beat  piracy, the international trade body said on Thursday.
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LONDON, November 19  âThe share price of the global music company, EMI (EMI.ETR), appreciated nearly 10% to 228.5p on the London Stock Exchange today, after the company guided to improved full year results, despite posting ay/y decline
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Digital music sales have doubled in the last year, but overall music industry sales are falling.
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The world&#39;s third largest music label, EMI, saw its revenues from digital music increase by more than 300 per cent in the six months to 30 September, the company said today.
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.
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NEW YORK -- Recording company Warner Music Group Corp. said Friday it swung to a profit in the fourth-quarter, bolstered by a hefty settlement benefit, but its results fell short of Wall Street's expectations.
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As more and more retailers try to cash in on the online music scene, things are becoming increasingly befuddling for consumers -- especially for consumers who stray from the Apple iPod fold.
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Sales of singles in the UK show signs of recovery as the music industry as a whole grows, figures show.