EMI Group Plc, the world's third-largest record company, said on July 14, it is confident it will deliver an improved financial performance this year thanks to digital revenue and planned album releases.
The company, home to artists including Coldplay, Radiohead and Norah Jones, said revenue and operating profit are running ahead of last year in both its recording and publishing units during the first few months of its financial year.
Digital revenues were more than double those in the same period last year and represented 4.8 percent of the total.
"We expect consumer uptake of legitimate digital music to be the key industry growth driver in the coming years," EMI Chairman Eric Nicoli said at the company's annual general meting.
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