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# EMI Stock Up After Profit Warning And New Anti-Takeover Plan
- URL: https://www.hypebot.com/emi_stock_up_af/
- Published: 2007-04-19T03:38:32.000Z
- Updated: 2007-04-19T03:38:32.000Z
- Description: EMI stock rose 8% yesterday on the London Exchange after reporting profits of $349 million exceeding analysts expectations. At the same time the company forecast that despite impressive 59% gains. Continue reading [https://www.hypebot.com/hypebot/2007/04/emi_stock_up_af.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:06

EMI stock rose 8% yesterday on the London Exchange after [reporting](http://www.bloomberg.com/apps/news?pid=20601102&sid=aE5pbF2zaaf4&refer=uk&ref=hypebot.com) profits of $349 million exceeding analysts expectations. At the same time the company forecast that despite impressive 59% gains in digital

[![Emi](https://hypebot.typepad.com/hypebot/images/2007/04/19/emi.jpg "Emi")](http://hypebot.typepad.com/.shared/image.html?/photos/uncategorized/2007/04/19/emi.jpg&ref=hypebot.com)

  
sales (did a $5 million advance from Apple help a little?) overall music revenue would be down 15% for the year.

EMI also unveiled plans to borrow against the future earnings of it’s profitable publishing catalog to fund operations and new initiatives. Analysts say that [the move](http://news.independent.co.uk/business/news/article2461477.ece?ref=hypebot.com) also creates a "poison pill" making any merger or takeover by the Warner Music Group or others that much more difficult.