Friday, January 12, 2007

EMI: We've had a terrible Christmas

The risk of placing your faith in Robbie Williams is, well, he's slightly patchy. EMI had hoped to try and make up for a fairly rubbish 2006 by flogging loads of Williams albums in the run-up to Christmas, along with stuff from Norah Jones and Keith Urban. We know that Rudebox scuppered the Williams plans, and to be honest, if Jones and Urban released records at all, nobody told us.

So, it's no surprise that this morning that EMI have announced their festive period was somewhat glum: they managed a drop in sales. The knock-on effect? Their shares have fallen 10% this morning. And the knock on from that? Alan Levy and his deputy David Munns are out.

This isn't a side effect of piracy: this is the side effect a label who think Keith Urban is going to be a big seller for an English Christmas.