EMI, Vivendi Universal Music Sales Rise on Downloads (Update... [Archive]

MacBytes

Apr 20, 2006, 10:32 PM

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Category: News and Press Releases
Link: EMI, Vivendi Universal Music Sales Rise on Downloads (Update3) (http://www.macbytes.com/link.php?sid=20060420223208)
Description:: EMI Group Plc, the world's third- largest music company, posted the first sales gain in five years as digital downloads doubled and fans bought albums by Coldplay, Gorillaz and the Rolling Stones.

Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug

Analog Kid

Apr 20, 2006, 10:57 PM

Hmmm... 10% of music revenue was downloads, downloads are higher margin so it was more than 10% of profits. Apple has what, like 80% of of the download market or more? Apple is probably responsible for 10% of the music industry's profits right now.

You think they've caught on that this is all a good thing? Think they'll stop whining that they want a cut of the iPod sales and start being grateful that Apple saved their tails?

Oh, and can someone explain to Bloomberg that CDs are digital too?