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Quote: LONDON, England (Reuters) -- Britain's EMI, the world's third-largest music group, warned on profits Monday following delays in releasing two of its major albums.
Its shares fell 15 percent in pre-trade after it said music sales would be 8 to 9 percent lower than last year. At 0930 GMT in trading in London after they were 14.3 percent down.
Just sue more internet users that are swapping songs. I am sure they are the real reason for the lost profits rather than mismanagement. I am fairly certain that I have been hearing for the last several years the RIAA claim that ALL lost profits in the music industry are a direct result of file swappers. They even had Senator Hatch (a true bonehead) convinced that the music industry should be allowed to destroy anybodies computer that they suspect to be involved with illegal music distribution without any due process. Of course, he changed his tune pretty quickly once somebody pointed out that his own web server was being used to trade copyrighted music and software.
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