Loss of funds from one of the "Big Four" could force them to scale back some of their efforts in fighting music piracy.
There’s an interesting story out today about how EMI, one of the music industry’s so-called "Big Four" record labels, wants to reduce the amount of funding it doles out annually to the IFPI, RIAA, and other national associations that represent music companies and the fight against music piracy.
After being recently taken over by a private equity group called Terra Firma, EMI is currently looking for ways to "substantially" reduce the amount of money it pays out to trade groups and other lobbying organizations.
Considering that they’ve poured hundreds of millions of dollars into anti-piracy efforts over the years to no avail, and in light of the continued decline of CD sales, it only makes sense that they’d want to reassess continued funding of a wrong headed approach to digital music distribution.
According to Reuters each of the four major music labels are said to contribute some $132.1 million USD to the IFPI, the RIAA, as well as a number of other national associations. With music piracy more rampant than ever EMI probably realized that it could better use that money for artist development and support instead.
This move by EMI to cut off its funding for the RIAA and IFPI seems to be in keeping with its recent pattern of approaching the problems of music piracy and distribution quite differently than its counterparts. For if you recall, EMI was the first record label to begin offering DRM-free tracks for sale on Apple’s iTunes.
Now it isn’t for certain yet that they’ll cease funding as is being rumored by company insiders, but either way it doesn’t bode well for the RIAA and IFPI, which is certainly a good thing for the rest of us.
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GOOOOODDDDD!!!!!!!!!! maybe now we can reast easier .
lets hope this ripples to the other lables and the riaa goes broke.
bye bye RIAA
“After being recently taken over by a private equity group called Terra Firma EMI is currently looking for ways to “substantially” reduce the amount of money it pays out to trade groups and other lobbying organizations. ”
lobbying organizations = roaches of politics
Good let’s hope more join EMI’s lead.
Guys I posted on this here…..yesterday.
http://www.zeropaid.com/bbs/showthread.php?t=46455
But I am glad that the RIAA are finally being told that their tactics are simply not working.
the statement that got to me was this…
ne of the quotes that really got to me was an industry insider that said…
“Doug Morris one of the people who calls the shots in Universal the biggest of the Big 4 admitted in an interview:
There’s no one in the record industry that’s a technologist. That’s a misconception writers make all the time that the record industry missed this. They didn’t. They just didn’t know what to do. It’s like if you were suddenly asked to operate on your dog to remove his kidney. What would you do?”
To which I responded…
I would have the GOOD SENSE to go to a vet and have THEM work on my dog! That is what I would do.
Not try to “fix” the problem myself as the music industry has tried by suing it’s customers! There was simply no excuse for that and it is apparent in spades now.
They made their own problems….Napster could have been a great way of the music industry and customers coming together….but greed got in the way and now they are paying a price for it.
I am glad that at least one major label is seeing the light. Now if the others would follow suit……
Awww.. it almost makes you feel sorry for them.. no.. wait.. what am i saying..
Stuff ‘em they deserve nothing more than a quick and brutal death after the way they treated us all and still are.
Die now and disappear forever only to be found in history books.
Let’s hope this is a lesson learned and noted by all major companies. Greed and total disrespect for the very people makin the money for you will lead to your demise.
finally the music companies themselves realized that their loyal attack dogs’ efforts are fruitless.
So you’re telling me that after somewhere around 5 years the music labels bitching about being broke are going to stop throwing away hundreds of millions of dollars a year to a lost cause when they see absolutely no return for it? These guys really are fucking stupid.
“So you’re telling me that after somewhere around 5 years the music labels bitching about being broke are going to stop throwing away hundreds of millions of dollars a year to a lost cause when they see absolutely no return for it? These guys really are fucking stupid.”
Yeah I think they are just now realizing how fruitless their efforts suing people really are. That and the very bad name that has been given to them for the “sue em all” campaign.
But even IF all the major labels drop the RIAA and try to woo back people something tells me they will have a hard time of it because of the way they have acted in the past.
People are not very likely to just forget and forgive….it would take awhile.
I guess slowly they’re realizing how pointless it is to try and stop something that’ll never go away.
Note to self: Don’t sue/terrorize my customers when I own my own business someday… even if they do find a better product.