EMIs Strategic Plan for the changing record industry Free Essay, Term Paper and Book Report
Overview
The Electric and Musical Industries (EMI) Company is the 4th largest music company in the world and is headquartered in the United Kingdom. It has two segments: EMI Music - which identifies and promotes artists alongside selling music and other services and EMI Publishing which acquires and licenses rights in musical compositions. The company has recently been purchased by Terra Firma a British Private Equity firm for approximately £3.2bn .
Financial Performance
EMI currently holds 12% of the record industry's market share , ranking it fourth in the industry. Its revenue for 2007 was £1751.5 million, with EMI Music contributing 77% of it and EMI Publishing contributing 23%. However, net profits were only £62million with EMI Music accounting for solely 30% of profits and EMI Publishing bringing in 70% .
Strategic Choices
The rise of broadband internet and digital music has transformed the record industry. Customers can download music online causing a drop in sales of physical CDs . Furthermore, piracy and illegal song downloading have caused severe losses to E......
Word Count: 1613
Page Count: 6.4 (250 words a page / double spaced)
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