- Thursday, 26 November 2009
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Life may have no meaning. Or even worse, it may have a meaning of which I disapprove - Ashleigh Brilliant
EMI wants to cut RIAA and IFPI funding
RECORD label EMI has woken up to the fact that the RIAA and IFPI is making it about as popular as the Boston Strangler.
According to Reuters, the hawker of popular beat recordings wants to cut its funding to the RIAA and IFPI.
The two organisations have been spending a fortune threatening students who use p2p software with court action unless they pay extortionate fines.
But a source inside EMI said the record label, which was recently taken over by a private equity group Terra Firma, was looking at ways to "substantially" reduce the amount it pays trade groups.
Terra Firma is reorganising EMI in a bid to make the outfit more profitable as CD sales have fallen. It seems that the new blood does not think paying large amounts of money to the RIAA and IFPI is a good investment.
The four major record labels EMI, Warner, Sony BMG and Universal each give these anti-piracy groups about $132.1 million each.
The others have not said if they will be reducing the amount of money they are giving to the RIAA and IFPI.
Reuters says the IFPI was looking at ways it could tighten its belt. µ
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Honestly this news makes me want to go buy something from EMI right now. Anyone telling these RIAA/IFPI fat cats that their days are numbered is just flat out awesome.
First companies start ditching DRM, now EMI is pulling its funding. Maybe in 5 years all that shite will be gone, the fight that's impossible for them to win over.

I bet they could do a lot to improve their products with $132mil extra to play with.
...since I heard an album i'd actually want to spend money on, do EMI have any decent artists these days ?

Per the other comment:

I'd rather buy EMI !

(if they're being serious about ditching these extortionists)
If they actually do this, I'm going to buy about five EMI albums instantly and keep an eye on their catalog henceforth. That would be FANTASTIC.
We knew that RIAA et al were just parasites, now it seems that some corporations have caught on as well.
This is great ! 

Unless you actually work for those bloodsuckers that pretend to want to redistribute the wealth to musicians. In that case, it's not so good.

But hey, the majority wins here, so it's still great !
...some good news. Maybe I can afford music in the future!
Wow - 132 Mio. dollaros. One would think the companies just might've stumbled on the idea that their sales are being sliced and diced because of their respective policies - after all, what sane adult wants to see, hear or even go near Christina Aguilera, Britney Spears, and wotnot?

Now imagine spending 132 mio. dollars on musicians with original ideas. They might even just sell cds.