Recent headlines | VLC hits milestone: over 5 billion downloads 1

AfterDawn > News > RIAA forced to lay off employees after revenue drops again

RIAA forced to lay off employees after revenue drops again

Written by Andre Yoskowitz @ 24 May 2013 10:31 User comments (6)

According to tax records, the RIAA has had to lay off many employees as revenues continued to sink.

It appears that over the last two years, the major labels have cut back their dues from $33.6 million to $23.6 million, causing the company to layoff 47 of its 107 workers.

The RIAA recently filed its 2012 fiscal year tax return with the IRS.

Besides membership dues, the company makes little other revenue, with total sales coming in at $24.8 million.

$196,378 of that came as "anti-piracy" restitution; awards for damages in lawsuits.

Tags: RIAA Record Labels

<HTC First indefinitely postponed in UK, France >New Intel Haswell chips to offer 50 percent better battery life for notebooks than Ivy Bridge

Previous Next

6 user comments

124.5.2013 23:14

GryphB

Send private message to this user

Member

Like crApple, I shall play the worlds smallest violin. I hope they hear it :P

This message has been edited since its posting. Latest edit was made on 24 May 2013 @ 11:15

224.5.2013 23:39

nonoitall

Send private message to this user

Senior Member

Originally posted by GryphB:
Like crApple, I shall play the worlds smallest violin. I hope they hear it :P

Don't do that! They'll sue you!

324.5.2013 23:49

jjmehm

Send private message to this user

Newbie

Originally posted by nonoitall:

Originally posted by GryphB:
Like crApple, I shall play the worlds smallest violin. I hope they hear it :P
Don't do that! They'll sue you!

Yeah! Don't you know that they hold the rights to any and all music played on violins!? You better play them a song on the smallest accordion.

425.5.2013 12:47

aldan

Send private message to this user

Senior Member

lay any lawyers off? with less than 200,000 in damages collected and 24.8 million in total sales mostly from dues,it would seem there is no justification for their existence at all.

This message has been edited since its posting. Latest edit was made on 25 May 2013 @ 12:51

525.5.2013 17:11

doowop72

Send private message to this user

Junior Member

Bye bye, later, adios...

68.6.2013 19:12

ibmeubu

Send private message to this user

Junior Member

OMG I feel so sorry for them. NOT

Comments have been disabled for this article.

Latest news

	VLC hits milestone: over 5 billion downloads (16 Mar 2024 4:31) VLC Media Player, the versatile video-software powerhouse, has achieved a remarkable feat: it has been downloaded over 5 billion times. 1 user comment
	Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09) Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier. 8 user comments
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19) Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
	Neato, the robot vacuum company, ends its operations (02 May 2023 3:38) Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028. 5 user comments
	How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25) The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. .... 18 user comments

Reviews

	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
	Review: Samsung Jet Bot 90 AI+ - a high-end robot vacuum cleaner Samsung's Jet Bot 90 AI+ is a top-class robot vacuum cleaner that can avoid obstacles and empty its own dust container. Here we review the product. 1 user comment
	Samsung Jet Bot 80+ review - excellent robot vacuum cleaner We review Samsung's Jet Bot 80+ robot vacuum cleaner over a period of three months. 1 user comment

Guides

	Windows 11: Check if TPM is enabled on your computer In this short guide we will look at how you can check the status of Trusted Platform Module (TPM) on your PC ahead of the coming launch of Windows 11.
	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment
	HOWTO: Boot Android device into Safe Mode Are you having trouble with your Android device? If you find that your device has become sluggish, is freezing, takes too long to boot or any of a host of other performance concerns, you may want to boot into Safe Mode.
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment

RIAA forced to lay off employees after revenue drops again

6 user comments

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us: