COMPANY TOWN ANNEX

EMI Music Earnings Up 24%: The British music conglomerate reported record results for the fiscal year ended March 31, with both sales and earnings showing double-digit gains. EMI said revenue grew to $3.5 billion, up 24% from a year earlier, and that profit increased by 20% to $478 million. The results reflect EMI’s purchase of a controlling interest in its Japanese joint venture, Toshiba-EMI. EMI Music includes Virgin, Capitol, Liberty and Blue Note.