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May 25, 2005
EMI's Bet On Digital Music Margins
Guardian: EMI chairman Eric Nicoli is hoping that the label's rising digital sales, which include the rapidly growing ringtones market, were likely to help margins return to the mid-teen peak they achieved before illegal downloading led to price pressures in the industry.
EMI expects digital music to account for 25% of total sales, possibly within five years.
Posted by Rafat Ali in Europe | Permalink
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