Posted by aubin on Thursday, November 29, 2007 at 12:00 AM (EST)
According to a Reuters piece, one of the big major labels, EMI is planning to cut back the money they pay to the RIAA and the IFPI. The controversial trade group claims to represent all labels but is largely funded by the the "big four" labels, to the tune of $132 million annually each.
EMI officials would not comment on the reasoning behind the change, but efforts by the RIAA have not measurably demonstrated much in the war against internet downloading. In fact, embarrassing public lawsuits against people of limited means have done considerable public relations damage to the label's cause. In fact, a recent lawsuit had RIAA lawyers admitting that they've "lost money on this program." EMI has been one of the more agile of the majors, quickly adapting their practices to new technology. It was the first of the big four to release music without DRM through Apple's iTunes stores and many others - a lead eventually followed by Universal and others. EMI Group (23 comments)
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WellFedFUCK (November 29, 2007)
Wow, i suddenly have an urge to go buy music instead of stealing it. I wonder why? 1+ Reply
DeadMilkMan (November 29, 2007)
I hate the RIAA, but I hate major labels. So I don't fucking know what to think here. 1+ Reply
HeresLookinAtYou (November 29, 2007)
EMI is the most agile because they're the ones in the most danger right now.
Brett-NOLA (November 29, 2007)
If record labels really want to make peace with consumers, they should invest their money in researching time-travel technology. They should go back in time to the early 1990s when they were gleefully sucking people's wallets dry by releasing lackluster albums that contained no more than 2 or 3 good songs and charging upwards of $20 each for them. That's where the seeds of discontent were sewn. It's too late to stem it now. As soon as high-speed internet became pervasive in the late 90's, all of the ill-will that the big labels laid down for themselves by ripping off consumers came back to bite them. None of those people who felt "ripped off" have any sympathy for these labels. And the thing is, even to this day, even as they can't fathom how they're managing to bleed themselves into the red, they're still just as money-hungry as ever. show rest of comment 2+ Replies
karmabad (November 29, 2007)
maybe they should pull a majority of their funding if they can, because the RIAA is embarrassing...horrible public lawsuits and fighting a battle they are destined to lose. maybe this will be a trend and other labels including indies will follow. we'll have to wait and see!
sanserif (November 29, 2007)
Watching the major label consortium fall off the wall humpty dumpty style is fun. | Features
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you can't cut back on funding! you will regret this!