Bad year for EMI
LONDON - EMI Group reported a wider loss in the six-month period ending September 30th compared to the same period a year ago. The company says that conditions in the worldwide music industry went from bad to worse. According to news agency AP, EMI had a net loss of 74.5 million USD compared to 39.3 million USD a year earlier. Revenues fell to 1.53 billion USD from 1.63 billion USD. EMI has 70 labels and 1,500 artists, including Roxette.
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