EMI Cutting Funding To RIAA 2007-11-29 by Aakon_Keetreh | 15 Comments |
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.
Credits for the report to Punknews.org.
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FUCKING HALLELUJAH
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Right on... one of the majors pulls its head ever so slightly from its own ass...
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This is very good news for all
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Goes perfectly with the paper I'm writing for class, awesome.
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Serves those fuckers right.
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This more than makes up for all the shitty news lately.
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EMI sucks I mean like they fucked over the Sex Pistols back in the 70s.
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but that was after the Pistols formed aka sucked.
Nice, either efforts will be put on the right track or dropped entirely, and either way I'm content.
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These big four labels might not be around one day with the way music is heading.
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and the first domino falls
I guess this means we're winning?This Message Edited On 11.29.07
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or that emi is. i mean, like they said, they were the first to do the no drm thing on itunes, and i don't know if anyone else did, but emi just gets good publicity for shit like this (not that im complaining, i like it). but if the other labels are too scared to do something, all the sudden emi sounds so progressive, so...
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Yes... Ughh! Take that.
We are win!
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Hey even if this serves to EMI's advantage we all still win as well. YAY!
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I'm cool with this piece of news. Dig it.
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cool.
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