EMI’s Overall Revenues Rise 61% in the First Quarter

Heartening news for the recorded music imprint, earning $119 million one year after losing $89.6 million. Still, its ownership, an investment bank, said don’t get too excited. “It can be misleading to look at just one quarter in isolation due to the timings of releases. As we all know, the recorded music business is extremely volatile and we cannot count on future quarters always being this good.”