EMI sounds alarm on jobs and profits

Music giant EMI today sounded the alarm on jobs and profits, after it announced sales from new releases had failed to live up to expectations.

EMI sounds alarm on jobs and profits
Fri, 12 Jan, 2007 - 11:22

Music giant EMI today sounded the alarm on jobs and profits, after it announced sales from new releases had failed to live up to expectations.

EMI said annual sales in its recorded music division – home to Lily Allen, Norah Jones and Robbie Williams – were likely to be up to 10% lower after the “strong” release schedule envisaged for Christmas disappointed.

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