SHARES: ON THE UP - EMI Group

Saturday 12 June 1999 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

EMI rose on continued internet fever after the world's third-largest music company took a 50 per cent stake in Musicmaker.com, a US company that creates custom-made compilation compact discs for sale over the web.

Shares in EMI finished the week 13 per cent higher on the news. EMI took the stake in return for giving Musicmaker.com a five-year licence to put EMI recordings from its vast library on its CDs. The transaction, the first between a global music company and a custom compilation service, is part of EMI's effort to sell more music through the net.

It also means Virginia-based Musicmaker.com will have the largest song library of any custom compilation company.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

SHARES: ON THE UP - EMI Group

Join our commenting forum

Thank you for registering