EMI Reports $57.9 Million Loss But Promises Christmas Surprise.
It appears that P2P and other pressures are continuing to plague the major labels as EMI this morning reported that its revenue fell 6.1% for a net loss of $57.9 million for the six months ending Sept. 30. This compared with a restated profit 
of $69 million pounds just a year earlier. The company promises to make up the l oss in the second half and hit yearly targets with releases by Norah Jones, Keith Urban, Robbie Williams and others.
More: Analysis from Bloomberg. EMI press release. A webcast of the presentation (here).
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back in the late 80s, the band sigue sigue sputnik claimed they would make so much money they would be able to buy EMI. in a couple years, they just might be able to. with the change they find in their couch.