For the year ended March 31, 2008, EMI lost £757 million (US $1.204 billion at today's rate) for private equity firm Terra Firma.
Revenues dropped 19% to £1.45 billion for the year ending March 2008.
EMI took a hit from £123 million of one-off restructuring costs. Most
telling was EMI Music's loss of global market share -- to 9% from 12% a
year earlier.

A PDF of the 101-page report can be downloaded here. It's good reading.

EMI Music's gross margin was 34% and EBITDA was £58 million (under
6% of sales). Operating loss restructuring costs were £150 million and
total operational loss was £250 million. Interest expense totaled £165
million and "other" financial charges amounted to £258 million.

EMI Music's physical sales were down 28% in fiscal 2008 while
digital rose 19% EMI Music revenues dropped 23% while EMI Publishing
revenues increased 2%. Revenue from CD sales accounted for less than
40% of publishing revenues in 2008 (the fraction was almost 60% in
1999).

LINK (via Coolfer)