Additional Information


Content

EMI posts profits slump

UK music group EMI, currently engaged in merger talks with German media group Bertelsmann, posted a 30% slump in first-half pre-tax profits to £59.1m from £86.5m for the same period last year.

Share this article

LONDON (Brand Republic) – UK music group EMI, currently engaged in merger talks with German media group Bertelsmann, posted a 30% slump in first-half pre-tax profits to £59.1m from £86.5m for the same period last year.

EMI, which represents The Beatles and Robbie Williams, marginally beat analysts forecasts of £57.5m. Revenues increased by 5.9% to £1.14bn.

The group said that it was still reviewing the regulatory position of its failed merger attempt with Warner Music.

It admitted it had, however, approached Bertelsmann about a merger with the German media giant’s BMG music division. The discussions, the company said, could take weeks to reach an agreement.



More about

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

FROM THE BLOGS

The Wall blogs

Back to top ^