BASCAP is about commanding respect for intellectual property in all its forms, regardless of industry or geography, |
I'm not persuaded by the argument that a single price deters piracy, |
I'm not persuaded by the argument that a single price deters piracy, ... I'm not persuaded of the fact that a lower price deters piracy. What I am persuaded of is that making music more convenient and better value is a deterrent to piracy. |
I'm not persuaded by the argument that a single price deters piracy. |
In the financial year just ending, we have outperformed the industry on the most important measures, ... In recorded music, we have enjoyed market share gains, with sales for the full year close to last year's level. |
In the financial year just ending, we have outperformed the industry on the most important measures. In recorded music, we have enjoyed market share gains, with sales for the full year close to last year's level. |
In uncertain market conditions, it remains difficult to predict the outcome for the full year. The final results will depend critically on market trends which have shown some deterioration in the past two months. |
Now that it is clear that, in the current regulatory environment, a merger with another major music company cannot be pursued at acceptable cost and risk, we will proceed as an independent, music-focused group. |
Our belief is that the [total] market will be bigger in 2010 than it is today - and potentially much bigger. |
Piracy in all its forms has been the major factor in this reversal but not the only factor. |
Piracy remains a real problem for virtually every sector in every country in the world. |
The legal landscape has tilted dramatically. We have to work with everyone to discourage this. |
The pessimists will say that's a problem, but our research suggest that the net effect of unbundling is a positive. |
The withdrawal of our application allows additional time to reassess regulators' concerns and to pursue solutions simultaneously in Europe and the U.S, |
These pleasing results, achieved in the context of a weak worldwide music market and in spite of the potential distraction of our merger discussions, demonstrate the fundamental strength and quality of EMI's businesses, |