Music label EMI looking to slash RIAA, IFPI funding

“British music industry major EMI wants to cut its funding to the industry’s trade bodies, a source familiar with the situation told Reuters on Wednesday, which could deal a blow to the fight against music piracy,” Kate Holton reports for Reuters.

“The source said EMI, which was recently taken over by private equity group Terra Firma, was looking at ways to ‘substantially’ reduce the amount it pays trade groups,” Holton reports.

“The groups, the International Federation of the Phonographic Industry (IFPI), the Recording Industry Association of America (RIAA) and other national associations, represent music companies and the fight against illegal piracy,” Holton reports.

“Analysts at UBS said any move to reduce the funding to trade bodies could hamper the industry’s efforts to fight piracy and protect music copyright,” Holton reports.

Full article here.

[Thanks to MacDailyNews Reader “RadDoc” for the heads up.]

DRM is dead. EMI was out front with Apple on this, but even they can do better. Music labels should encourage musicians to make good music and sell it DRM-free at high-quality bitrates everywhere they can. That’s what we’d do – of course, we’re not 68-year-old, out-of-touch, technophobic music moguls who futilely long for “the good old days” or greedy music producers who lack basic business sense and seem only to want to screw music fans. The music business would make more money our way than by trying fruitlessly to place limits on everything which only drives more potential customers to piracy.

45 Comments

  1. Ooooh, “Teflon” . . .

    Not enough bran in your breakfast cereal today, huh? Why not eat a very large bowl of prunes and go back to your mama’s basement to relieve yourself?

    Most of us adult wage-earners like MDN just the way it is . . . or we wouldn’t be coming here in the first place. So, get out your big tube of zit cream and do your best to become part of the mainstream human race again, OK?

    Good.

  2. Teflon (aka Jermaine Dupri or Doug Morris),

    If MacDailyNews isn’t a business consulting firm, they should be, for the music business, at least. Their advice is perfect and it’s also how the music business will end up operating anyway whether they go into it voluntarily or not.

  3. Teflon:

    Fair suck of the sauce, MDN were only offering an opinion, which is all we do down the bottom here too.

    The problem with piracy is that it has become easily available, quickly, with high quality (despite Hollywood telling you otherwise) and obviously cheaply. You can’t beat those who steal – you never could. But I think EMI are seeing the ‘trade associations’ alienating even the paying customers and EMI are paying for this.

    Cool EMI – I hope you sign even more bands as a result.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.