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EMI May Cut Funding To RIAA, IFPI

Posted by kdawson on from the return-on-investment dept.

Teen Bainwolf notes a report that Big Four record label EMI, which is under new ownership, is considering a big cut in its funding for the IFPI and RIAA. Each of the labels reportedly contributed over $132 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."

6 of 158 comments (clear)

  1. Bailling out? by joaommp · · Score: 5, Funny

    "Let's get away before we begin making fools of ourselves."

    Too late.

    --
    Onda Technology Institute
  2. Okay, time to 'fess up... by Anonymous Coward · · Score: 4, Funny

    ...who of you replaced the key decision makers at EMI with androids under your control? Come on, out with it!

    1. Re:Okay, time to 'fess up... by jamstar7 · · Score: 2, Funny

      ...who of you replaced the key decision makers at EMI with androids under your control? Come on, out with it!

      Damned straight, we owe that guy many many MANY beers.

      --
      Understanding the scope of the problem is the first step on the path to true panic.
  3. AH HA! by Atrophis · · Score: 0, Funny

    Industry, meet clue.

    --

    i cant seem to come up with a sig.
  4. I'm considering buying an AirBus A380 by cbreaker · · Score: 2, Funny

    And I'm also thinking of buying a Castle in Scotland, a Ferrari Enzo, and a gold plated swimming pool.

    Doesn't mean I can or will do any of it, though.

    --
    - It's not the Macs I hate. It's Digg users. -
  5. I must of lost track of time.... by AlphaLop · · Score: 2, Funny

    Is it April 1st already???

    --
    It's only paranoia if your wrong...