EMI's pain not necessarily music rivals' gain
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EMI lost two of its biggest acts in  2007, is in danger of losing more, has seen record sales slump  and on Tuesday announced major layoffs.
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British investment fund Terra Firma said Thursday it had attracted only 3.6 percent of the capital of British record label EMI with its takeover offer, worth 3.2 billion pounds (4.8 billion euros).
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EMI Group, the world's third-biggest music company, has issued its second profit warning in little over a month, blaming the move on an &quot;unprecedented&quot; decline in US sales of compact discs.
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EMI, the world&#39;s third-largest music group, has reported a 7 percent drop in first-half profits but says the beleaguered industry is rebounding as digital music sales start to take off.
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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.
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Far from soothing the savage breast, music is driving some of the world&#39;s largest companies into a frenzy of competition. At stake is participation in, if not command of, a multibillion-dollar
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EMI Group, the world's third-biggest music company, may sell or demerge its recorded music division as part of a radical overhaul of the firm to reverse falling profits, a newspaper reported.
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LONDON -- Shares of record company EMI Group PLC, whose artists include David Bowie and the Beatles, rose more than 6 percent Tuesday after a report that the company is in talks with private equity firms about a possible takeover.
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EMI shares surged 15 per cent yesterday after the record company unveiled weaker interim profits and revenues but gave a robust outlook on the back of impending releases from artists including the Rolling Stones and Coldplay.
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Warner Music's  decision to approach EMI Group  may strike a sour note for music rivals Sony  and BMG  as they try to win approval from the European Commission for their own merger.
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Media & professional: File-sharing has holed the record industry below the waterline. So why does private equity guru Guy Hands want to buy EMI?
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EMI, home to artists such as Robbie Williams, Radiohead and Norah Jones, reported explosive growth in digital music sales yesterday and said it was winning the battle against piracy.
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Struggling music company EMI Group has said that it has received a new takeover approach from US rival Warner Music.
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EMI will have to sing its private equity financed tune.
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Warner Music is still considering its  position on Britain&#39;s EMI and is more likely than not to make  an improved offer by early next week, two sources familiar with  the situation told Reuters on Monday.
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Shares in Britain's EMI  rose on Thursday following a media report that it was in talks with a number of private equity firms over potential alternatives to a takeover approach from Warner Music .
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Warner Music Group has made a bid  approach for Britain's EMI despite uncertainty over whether any  deal would win regulatory approval, in the latest twist in a  seven-year tit-for-tat takeover battle.