Summary
EMI shares hit a 12-month high, as the music giant promised to save Pounds 50m by slashing jobs and getting rid of a fifth of its recording artists.
It will stop making its own CDs and DVDs in Europe and the US and plans to focus on bigger, profitable artists such as Norah Jones, Robbie Williams and the Rolling Stones.See the full content of this document
Extract
Pulses Race As Emi Swings Into New Routine ; Special Report
Relief that EMI is taking tough action sent the shares up 201/2p to 2771/2p, valuing the group at Pounds 2.2bn.
Like the rest of the music industry,...See the full content of this document
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