EMI says future is sound despite fall
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EMI, the worldâs third-biggest music company, today said trends in the global music market were improving, despite posting a drop in first-half profit.
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Magazine group Emap says it will deliver earnings in line with forecast, despite weak sales for consumer titles.
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EMI, the world's third-largest music group, reported a 7 percent drop in first-half profits on Friday but said the beleaguered industry was rebounding as digital music sales start to take off.
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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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LONDON/NEW YORK  - EMI Group PLC EMI.L, the  world's third-largest music company, on Friday said it and  other music companies faced a New York probe into how music  companies influence what songs are played on the radio.
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Booming online music sales will help the record industry recover - but not until 2011 warns a report.
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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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LONDON  - British music group EMI reported a fall in interim profits as sales dropped by 11.4 percent, reflecting a release schedule skewed towards the second half and the strength of sterling.
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EMI Group , the world&#039;s  third-largest music company, said on Tuesday its full-year  profits climbed sharply on the success of albums from Coldplay  and Gorillaz.
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EMI signalled today it was winning the war against piracy after sales of downloaded music surged six-fold over the summer. The group unveiled profits of Â£36.9million for the six months to September 30, up 9% on a year ago.
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A swing to growth in US album sales and surging consumption of music on DVD helped slow the decline in first-half global sales of recorded music, the trade body for the world&#39;s largest record companies said Thursday.
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EMI Group PLC, one of the world's largest music companies, warned Monday that its full-year sales and profits will be below expectations because of the delayed release of two key albums and market weakness in the fourth quarter. Its shares fell 16 percent.
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EMI will have to sing its private equity financed tune.
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Warner Music Group said on Wednesday any takeover offer for Britain's EMI Group Plc would probably all be in cash, briefly boosting the London-based company's shares.
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The EMI Group blamed weak sales in the United States, and warned that it would miss annual profit forecasts.
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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 Group PLC, the world's third-largest  music company, confirmed on Friday it faced a New York probe  into how music companies influence what songs are played on the  radio.