Summary
SALES and profits at Universal Music Ireland slumped last year as music-lovers found new ways of sourcing their favourite tunes for free.
Despite marketing some of the world's most loved acts, from Abba to the Pussycat Dolls, accounts just filed show that the company posted a pre-tax profit of E4.66m in 2007 compared to E7.51m in the preceding year.See the full content of this document
Extract
Universal Is Out of Tune As Profits Fall
Revenues fell from E26m in 2006 to E21m last ...
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