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# EMI Loss Hits $1.2 Billion. Can It Survive?
- URL: https://www.hypebot.com/emi-loss-hits-1/
- Published: 2008-10-27T03:18:51.000Z
- Updated: 2008-10-27T03:18:51.000Z
- Description: EMI lost a whopping $1.2 billion in the financial year that ended March 31st dwarfing the prior year’s $455 million river of red. Revenue declined to $2.3 billion from $2.8. Continue reading [https://www.hypebot.com/hypebot/2008/10/emi-loss-hits-1.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:06

[![Emi](https://spcdn.shortpixel.ai/spio/ret_img,q_cdnize/www.hypebot.com/hypebot/images/2008/10/27/emi.png "Emi")](https://www.hypebot.com/.shared/image.html?/photos/uncategorized/2008/10/27/emi.png)

  
EMI lost a whopping $1.2 billion in the financial year that ended March 31st dwarfing the prior year’s $455 million river of red. Revenue declined to $2.3 billion from $2.8 billion.

Some losses stem from restructuring after Terra Firma’s takeover. But EMI underperformed its competitors using most benchmarks. CD sales at EMI fell 45% from 2005 to 2007 compared to an average market decline of 19%. EMI projected 51% revenue growth in digital saled and delivered 29% growth despite being the first to drop DRM.

“There should be no false expectations,” the report stated. “EMI cannot be turned around overnight.” It’s hard to see how EMI can A&R its way out of this mess and survive while Hands & Co. restructure, but the company may have no choice. In normal times consoldation with WMG would now be rumored. But a gloomy global economy looms making it hard to imagine any investor saving Terra Firma by scooping up EMI’s assets even at fire sale prices.