EMI's Digital Revenues Rose 13.2 Percent First Quarter
Authored by Jay Baage on August 6, 2007 - 5:37am.
London. British music group EMI's digital revenue rose 13.2 percent during the first quarter with cost savings coming through on budget, the company said on Monday.
The company stated that it was seeing "encouraging" early revenue indications from its Digital Rights Management-free products on Apple's iTunes online music store. The service was launched by EMI in April and by iTunes in late May.
EMI, which has agreed to a 2.4 billion-pound ($4.9 billion) takeover by private equity firm Terra Firma, had total revenues fall 5.1 percent at constant currencies.
Related Links:
http://tinyurl.com/24a56b
http://www.emigroup.com/
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