Chrysalis Hits a High Note with New Signings
MUSIC group Chrysalis has emerged from recent woes in good shape as it reported better than expected half-year figures.
The company - which sold off radio stations Heart and Galaxy under a major revamp to become a focused music and distribution group - posted narrowed interim pre-tax losses of pounds 2.6m against pounds 13.1m in the equivalent seven-month period last year.
Its music label achieved chart successes with a host of acts, including White Lies, Bat for Lashes and the Yeah, Yeah, Yeahs.
The music publishing arm exceeded management forecasts, as did its wholesale CD, DVD and Book distributor
Lasgo Chrysalis, which also benefited from the …
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Publication information: Article title: Chrysalis Hits a High Note with New Signings. Contributors: Not available. Newspaper title: The Journal (Newcastle, England). Publication date: May 23, 2009. Page number: 68. © 2009 MGN Ltd. COPYRIGHT 2009 Gale Group.
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