Like EMI, record companies invest heavily to develop new business. This comes on top of the millions spent combating piracy. Of course, we’re also committed to the development of musicians, spending (as EMI does) more than 20% of our revenues on A&R.
Music, in whatever form, is exceptional value for money when compared with virtually all other forms of entertainment. Digital music offers the consumer complete flexibility and previously unimagined choice across formats including ringtones, downloads, videos, subscription and legal peer-to-peer.
Today’s music fan is more empowered than ever before and that is why we’re seeing a recovery in the global music market. Ultimately, that growth has to be good for everyone.
Eric Nicoli
Chairman, EMI Group