Sanctuary Targets Profitability By 2008 Or Later
April 25, 2007, 17 years ago
According to Billboard.biz, British music company Sanctuary Group Plc said on Wednesday that it would not achieve profitability until 2008 or later, and that its recorded product division would miss expectations for this year.
The company said in a statement that steps were being taken to address current market conditions at the under-performing division, which was suffering from what the firm described as well publicised factors affecting the industry.
