Information  X 
Enter a valid email address


  Print      Mail a friend

Thursday 14 July, 2005


AGM Statement

                                 EMI Group plc                                 

              Chairman's Statement - 2005 Annual General Meeting               

LONDON 14 July 2005: Speaking today at the EMI Group Annual General Meeting,
Eric Nicoli, Chairman, said:

"The Group has delivered a solid performance during the first few months of our
financial year, with total revenues and operating profits for the year to date
running ahead of last year's levels in both our recorded music division, EMI
Music, and EMI Music Publishing.

At EMI Music, new album releases from Coldplay and Gorillaz have both enjoyed
considerable global success: Coldplay's album, X&Y, achieved the number one
chart position in 32 countries including the UK, US, Japan, France, Germany,
Canada and Australia and in every iTunes chart around the world. The album has
now shipped close to 6 million units and should continue to sell well in the
months ahead. Gorillaz's album, Demon Days, hit the number one spot in the UK
and France and number six in the US charts following its release in late May.
The album continues to have good chart positions around the world and has now
shipped almost 2 million units.

Core to EMI Music's strategy is our commitment to the development of new
artists and local repertoire. We continue to make good progress in this area
with a number of notable successes in the first few months of the year
including albums from KT Tunstall, The Magic Numbers and Athlete in the UK,
Amos Lee and Dierks Bentley in the US, Raphael in France, Subsonica in Italy,
and Wir Sind Helden in Germany.

Releases expected during this financial year include albums from Robbie
Williams, Paul McCartney, The Rolling Stones, Jermaine Dupri, Yellowcard,
Bonnie Raitt, Goldfrapp, Jamelia, Iron Maiden, Kate Bush, Souchon, Thalia,
Hitomi Yaida, Marisa Monte, Vasco Rossi, Tiziano Ferro and a greatest hits
project marking the 65th anniversary of the birth of John Lennon, supported by
Yoko Ono.

EMI Music Publishing has maintained its market leading position, achieving
strong chart positions from a range of songwriters including Black Eyed Peas,
James Blunt, Jamiroquai, Kelly Clarkson, Gorillaz, Rob Thomas, White Stripes,
Ying Yang Twins, Audioslave and Eminem. Major synchronisation deals signed in
the financial year to date include Nike, Fidelity Investments, Coca-Cola, Ford
and Cingular.

We continue to see very rapid growth in digital revenues in both our business
divisions. In the first quarter, group digital revenues were more than double
those in the same period last year and represented 4.8% of total revenues, up
from 3.5% in the fourth quarter of the prior financial year. We expect consumer
uptake of legitimate digital music to be the key industry growth driver in the
coming years.

We remain positive on the long term prospects for the music industry and
confident that EMI Group will deliver an improved performance in the current
financial year."


EMI Group plc                                                                
Amanda Conroy            Corporate Communications      +44 20 7795 7529      
Claudia Palmer           Investor Relations            +44 20 7795 7635      
Susie Bell                                             +44 20 7795 7971      
Brunswick Group LLP                                                          
Patrick Handley                                        +44 20 7404 5959