Word: contraction
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...discovered that the Virgin label wasn't integrated into the business, so essentially two separate music companies were operating within EMI. Record sales were clearly not recovering, either. Indeed, after her Glitter album tanked, EMI had to pay Mariah Carey $28 million to extricate itself from the $80 million contract it had signed with her. In February 2002, EMI issued another profit warning. Record sales were clearly not recovering. A month later, it announced a restructuring plan to trim $175 million in costs. That process included cutting 1,800 jobs and getting out of the business of manufacturing and distributing...
...publishing business also reaps rewards from the growing use of music in other media: advertising, films and TV soundtracks, electronic games and toys. EMI even has a contract with a pottery company that prints song lyrics onto coffee mugs. Nicoli is particularly keen on the future of wireless sales of digital music. Noting that MP3-player penetration is only around 15%, but "that nearly everyone has a mobile phone," he's excited by the prospect that half of all mobiles will be music-enabled within two years, and that the technology for wireless downloads of music is nearly at hand...
...price of a contract fluctuated yesterday, with a low of $0.95 yesterday morning and a high of $8.50 last night...
...Summers resigns, everyone who has bought a contract wins $10. If Summers doesn’t resign, everyone who bought a contract instead pays the seller the difference between the contract price...
...economics concentrator in Eliot House, Vikram Viswanathan ’06 sold contracts yesterday for $3.80, $5.50, and $7.50. When the price of a contract rose to $8.50 around 9:30 p.m, he wrote in an e-mail, “I’m getting wrecked...