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EMI looking to cut back on RIAA funding

Written by Rich Fiscus (Google+) @ 28 Nov 2007 21:52 User comments (9)

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

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9 user comments

128.11.2007 23:21

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.

229.11.2007 0:48
WierdName
Inactive

The shot heard 'round the world.

329.11.2007 7:17
ali2007
Inactive

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

429.11.2007 10:06

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.

529.11.2007 15:16

@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.

629.11.2007 16:12
vinny13
Inactive

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 :)

This message has been edited since its posting. Latest edit was made on 29 Nov 2007 @ 16:12

730.11.2007 9:19

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

830.11.2007 15:31

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

921.12.2007 19:48

Music to everyones ears :)

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