EMI Not Singing The Blues

At least one major label seems determined not to sing the blues, at least when investors are listening.  According to HollywoodReporter.com, "EMI Group is confident it will report improved financial results for its current fiscal year because of strong demand for digital music and recent album releases as well as its release schedule for the rest of the year..The bullish comments from EMI came on the same day a U.S. analyst suggested that continuing strong demand for Apple Computer’s iPods would restrict music labels’ ability to raise prices for digital music over time. Nicoli said EMI has brought in a "solid performance" for the first few months of its fiscal year, which started April 1. Revenue and operating profit are running ahead of last year in its recording and publishing units…"