cd albums - down 6 %singles - down 16 %
IFPI chairman jay berman says 'these figures are no surprise. widespread use of illegal sitesmade easier with the growth of broadband access in major marketsis affecting the industry...'
but also :'exciting new opportunities' for the industry are making headway in the battle against piracy.(shudder)
― piscesboy, Wednesday, 9 April 2003 14:52 (twenty-two years ago)
(BTW piscesboy do you love Nirvana or is the name a coincidence?)
― mei (mei), Wednesday, 9 April 2003 14:56 (twenty-two years ago)
i know kurt c was a pisces but ..other than that.
once, as documented in melody maker, c. love (drunk obv.)asked at a hole gig 'are there any blond haired blue eyed piscean boys out there...?'(and there weren't any) then promised/threatened to f-them if they came backstage.
i am blond blu eyed + pisces. i wasn't there.
― piscesboy, Wednesday, 9 April 2003 15:04 (twenty-two years ago)
― Sean (Sean), Wednesday, 9 April 2003 16:18 (twenty-two years ago)
He's an animated film critic isn't he?
― Nick H, Wednesday, 9 April 2003 18:28 (twenty-two years ago)
DJIA - dropped 20%S&P - dropped 18%Gateway Computer - dropped 58%, revenue dropped 30%
.. sounds like the music industry is in pretty good shape.
― dave225 (Dave225), Wednesday, 9 April 2003 18:42 (twenty-two years ago)
― dave q, Wednesday, 9 April 2003 18:44 (twenty-two years ago)
― Sean Carruthers (SeanC), Wednesday, 9 April 2003 19:06 (twenty-two years ago)
But indeed, the music industry isn't special in any way: low margins + costs spiralling out of control + weak demand = trouble. Only they don't get billions in aid like the airlines do...
― Siegbran (eofor), Wednesday, 9 April 2003 20:31 (twenty-two years ago)
― Mike Taylor (mjt), Wednesday, 9 April 2003 22:19 (twenty-two years ago)
― Anthony Miccio (Anthony Miccio), Wednesday, 9 April 2003 22:23 (twenty-two years ago)
― your null fame (yournullfame), Thursday, 10 April 2003 07:29 (twenty-two years ago)
― stevem (blueski), Thursday, 10 April 2003 09:05 (twenty-two years ago)
in fact it's no longer a question of how do some things get leakedbut how do some things not get leaked ? how *do* they do that ?
― piscesboy, Thursday, 10 April 2003 11:03 (twenty-two years ago)
― paul cox (paul cox), Thursday, 10 April 2003 12:00 (twenty-two years ago)
― mei (mei), Thursday, 10 April 2003 12:16 (twenty-two years ago)
― piscesboy, Thursday, 10 April 2003 16:21 (twenty-two years ago)
EMI expects to report group pretax profit growth before amortization and exceptional items of 9 percent for the six months ended Sept. 30, and ``remains on track'' to report full- year results in line with expectations, the London-based company said today in a statement.
``Revenue growth has been delivered against a backdrop of a weaker-than-expected recorded music market,'' the statement said. EMI's digital revenue from recorded music and music publishing ``continue to enjoy very strong growth year-on- year.'' The company issues first-half results on Nov. 16.
EMI's first-half revenue was boosted by the Coldplay and Gorillaz albums after their release was delayed from the company's previous fiscal year. Both albums have sold well in the U.S., the world's largest music market and a country where EMI has lagged behind rivals in recent years. Gorillaz is now at number 32 in Billboard magazine's album chart and Coldplay is at number 41, both more than four months after their release.
Shares in EMI today rose as much as 5.75 pence, or 2.6 percent, to 230 pence, and traded at 228 pence at 9:05 a.m. in London.
``Having delivered good first-half revenue growth, despite broader weakness in the industry, our recommendation is add,'' Numis Securities said today in a research note.
http://www.bloomberg.com/apps/news?pid=10000085&sid=ayDDjGcL.Q5E&refer=europe
Also:
EMI and other music companies are counting on digital revenue to offset declining compact disc sales. Global music sales declined 1.9 percent in the first half of 2005 to $13.2 billion, as a 6.3 percent decline in physical sales was not offset by a year-on-year tripling of digital revenue.
So basically these companies are not selling as much "product" but are making more profit anyway. Fantastic. For them.
― James Mitchell (James Mitchell), Monday, 17 October 2005 08:12 (twenty years ago)