EMI looking to cut back on RIAA funding

EMI looking to cut back on RIAA funding
EMI, one of the so-called "Big Four" music labels primarily responsible for funding the RIAA, as well as similar industry organizations outside the U.S, is starting to look at contributions to such groups with a critical eye and ask whether they're getting their money's worth, and apparently the answer is no.

The British music label, which was recently purchased by a private equity fund, may be prepared to drastically cut contributions to trade groups. These groups perform a number of functions, both within the industry and in the lobbying arena. In recent years they've also become infamous for bringing copyright infringement lawsuits against thousands of people on behalf of labels like EMI.



Although they wouldn't confirm the story, an IFPI official told Reuters that "as one would expect in this market, there is a focus on efficiencies and savings." He also indicated that the organization, a sort of international version of the RIAA, is currently in the process of setting their operating budget for next year.

With online and brick and mortar retailers alike calling for the recording industry to switch to more customer friendly tactics, and EMI even leading the charge to get rid of DRM in commercial music downloads, this move shouldn't be particularly surprising to anyone familiar with music industry events over the last several months.

Source: Ars Technica

Written by: Rich Fiscus @ 28 Nov 2007 21:52
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  • 9 comments
  • jookycola

    hear that?

    That's the sound of the first serious crack in the RIAA's wall from the inside. It's going to be slow...but the downfall is coming.

    28.11.2007 23:21 #1

  • WierdName

    The shot heard 'round the world.

    29.11.2007 00:48 #2

  • ali2007

    sight of a victory, reduce prices or you will end up selling your used clothes instead of donating it

    29.11.2007 07:17 #3

  • spydah

    This is great news. But the question is when they sue some unlucky person again will they in turn raise the stakes because they are losing support from key contributors? Thats what i would like to know. I believe will want to restore good faith with the folks that are losing faith in them because they have to know these fools are crooks.

    29.11.2007 10:06 #4

  • 7thsinger

    @spydah
    i agree. this could very easily lead to a spurt of lawsuits with the intention of regaining the idea of what EMI is paying them for. Prove they're worth the money they've taken in sizable contributions, i'm sure.
    I hope not. I hope this is the first in a series of blows to the knees that eventually topple the giant.

    29.11.2007 15:16 #5

  • vinny13

    Maybe they realized that the RIAA hurts their sales because of all of their bogus rules and laws that just make us want to steal to annoy them :)


    29.11.2007 16:12 #6

  • editmon

    It couldn't happen to a nicer bunch of a$$-holes than the RIAA.

    30.11.2007 09:19 #7

  • chaos_zzz

    riaa = bad publicity
    they hav to realize that before it's too late

    30.11.2007 15:31 #8

  • borhan9

    Music to everyones ears :)

    21.12.2007 19:48 #9

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