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Monday, May 23, 2005

EMI Profits Nosedive

Subsequent to Coldplay frontman Chris Martin's statement last week that EMI’s shareholders were the 'greatest evil of this modern world', the company is expected to release a profit statement showing a marked decrease in earnings. The expected number is a decrease of 13%, which EMI is blaming on delays in albums from Coldplay and Gorillaz as well as a slump in album sales from other bands on the roster. EMI's response to the 'shareholder' remark was the issuance of a statement saying: "We don't expect or want our rock stars to be stockbrokers”.

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