An industry outsider was named as the new boss of private equity-owned EMI’s recorded music division today.

The former boss of EMI's music division quit the troubled group with a £3.6m (€5.32m) pay-off, it was revealed today.

Starbucks coffee drinkers will get a non-stop dose of Paul McCartney’s Memory Almost Full today as the coffee company’s new record label releases its first CD.

Alain Levy earned more than £3.5m (€5.3m) in pay and bonuses last year as chairman and chief executive of EMI Music – a job held since October 2001.

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.

Music giant EMI today warned of a major blow to profits after it revealed annual sales at its music division could be down by as much as 10%.

Music giant EMI looked forward to improved profits today on the back of successful album releases by bands such as Coldplay and The Rolling Stones.

Music giant EMI today blamed delays in releasing new albums by Coldplay and Gorillaz for falling profits and market share.

Pop superstar Robbie Williams is to become the first major artist to sell an album in memory card format for mobile phones and hand-held computers.