EMI Music has announced a growth in sales for the first time in five years, largely on the back of music downloads.
The company reported a 4.2 per cent growth in turnover which includes a 142 per cent jump in what it labels "digital revenue" to £44.6m.
Digital music sales are now responsible for nearly five per cent of total sales at EMI Music. Although the figure is significant, it is below the industry average because EMI has a small share of the US market.
EMI Music also said that it is continuing its initiative with other music labels to create variable pricing schemes for online music.
Eric Nicoli, chairman of EMI Group, said at a press conference that he is confident of persuading Apple to change its flat-rate pricing policy on iTunes to what he called an "effective charging structure".
Critics have maintained that variable pricing will make it more expensive to buy new releases than the 79p currently charged by Apple.
Apple charges a flat rate of 99 cents in the US, 79p in the UK and €0.99 in the countries in which it operates in Europe. The differential pricing between the UK and Europe has been referred to the European Commission for investigation.
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