EMI Music back on track

EMI Music back on trackThe EMI music group has been in news for various reasons. EMI music is regaining its momentum just after Charles Allen has been appointed as the CEO of the company.

He has replaced Elio Leoni-Sceti and now has made his intensions very clear to the market it. EMI will recapture its market share by some extra-ordinary services. The company has issued shares for its investors and likely to raise new funds by the month of June this year.

Now, the company is eying to gather some of the appreciation from the artists as well as consumers. Earlier there has been a huge issue over Terra Firma's splitting artist and repertoire (A&R) executives, for marketing the albums of the company.

However, under the strict vigilance of the Chief Executive Allen, the company has set up some fresh sales and revenue targets. The report card of Allen suggests that EMI music has generated a higher sales figure, stronger margin as well as a bigger market share since his arrival.

After his inclusion, the company's revenue and profit has boosted up to 15%. Now Allen's task will be to continue the momentum further.

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