Andre Yoskowitz
29 Nov 2007 18:21
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