AfterDawn: News

EMI thinking of cutting funds to the RIAA and trade groups

Rumors having begun swirling around the internet that EMI, one of the big four record labels, may be deciding to cut down or stop funding to trade groups including the RIAA and IFPI.

Currently, EMI, Warner, Sony BMG, and Universal reportedly make regular payments to groups such as the IFPI and the RIAA and it has been reported that the IFPI alone received $132 USD million a year from the four labels.



Much of these millions of dollars are used to "combat" piracy but given EMI's recent actions, like the dropping of DRM on their music, makes the rumors not all that surprising.

We will keep you updated as updates become available.

Source:
betanews

Written by: Andre Yoskowitz @ 29 Nov 2007 18:21

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• 5 comments

• gozilla

  so how long before EMI becomes seen as terrorists in the eyes of the RIAA?

  29.11.2007 20:44 #1

• sopcannon

  does that mean they are giving up on piracy?

  30.11.2007 02:15 #2

• duckNrun

  Originally posted by sopcannon: does that mean they are giving up on piracy?Most likely not. Probably just means that they are diverting some or maybe even all of the money spent on the RIAA on other things. I can safely bet that they will still fight piracy but through different means and maybe those cases that really have merit and don't keep making them look like punks.

  30.11.2007 03:25 #3

• spydah

  Its nice to see they cutting the money that helped support the RIAA but the next question is whos the next company or group they will put that money back in to...

  1.12.2007 21:21 #4

• borhan9

  Is this a double post of an earlier article i am sure i read it before. However its great if they get rid of the drm and the mpaa and the riaa.

  21.12.2007 20:31 #5