Album Delay has Financial Effects

Originally posted on February 08, 2005 12:02 AM

Apparently EMI has announced a profits warning that album sales will be down 8-9% from what they originally had predicted for the current fiscal year. Rather than citing illegal downloads as the root cause, the label has cited the fact that "executives had been told by Coldplay that the top-selling band's third album would not be ready for release until after EMI's financial year ended in March." Apparently the delay in release of Coldplay's next album is affecting more than just the band's fans. For more details, be sure to check out The Guardian.

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