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Music

+ - EMI may cut funding to IFPI, RIAA-> 1

Submitted by Teen Bainwolf
Teen Bainwolf (666) writes "Big Four record label EMI is reportedly considering a big cut in its funding for the IFPI and RIAA. Each of the labels reportedly contributed over $130 million per year to fund industry trade groups, and EMI apparently believes that money could be better spent elsewhere. 'One of the chief activities of the RIAA is coordinating the Big Four labels' legal campaign, and those thousands of lawsuits have done nothing but generate ill will from record fans, while costing the labels millions of dollars and doing little (if anything) to actually reduce the amount of file-sharing going on. In fact, the RIAA freely admits that the legal campaign is a real money pit, and EMI's new ownership may be very leery of continuing to pour money down that particular rat hole."
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EMI may cut funding to IFPI, RIAA

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  • I have to hand it to EMI. With the decision to drop DRM several months ago and now this cut in funding for the RIAA, It really appears that they want change in the music industry.

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