Forum Overview :: No Stairway to Heaven :: EMI loses $1.2 billion, still not dead somehow.

[quote name="Fussbett"]<a href="http://latimesblogs.latimes.com/entertainmentnewsbuzz/2008/10/emi-posts-12-bi.html" target="emi">http://latimesblogs.latimes.com/entertainmentnewsbuzz/2008/10/emi-posts-12-bi.html</a> [quote]According to new figures just released, the underdog of the four major labels suffered losses of $1.2 billion in the financial year ended March 31, far deeper than the prior year’s $455 million. Revenue declined to $2.3 billion from $2.8 billion. [/quote] The real shocking part is where they had revenue of $2.3 billion in 2007. People are still buying way too much music.[/quote]