EMI Threatens to Resign from IFPI
Restructure or die!
(Sorry, feeling exceptionally anti-establishment this A.M.)
Anxiously awaiting for the domino effect to kick in, I feel the end is definitely near for the RIAA as well. They are both fighting a losing battle, wasting their funding on fruitless endeavors. It’s clearly obvious, you CANNOT control P2P and the Internet. Music, as well as other information that’s being shared across the Internet - that’s a GOOD THING. It educates, allows you to discover, it brings people together, helps develop society as a whole, for the greater good of everyone. The IFPI and RIAA (as well as the rest) should stop fighting, and start working with labels and artists to find new ways to sell music. So give it up, or give the money back to the artists and fans.
Read about one of the many ways the IFPI is putting it’s funding to “good use”.
A guide for parents about P2P, file-sharing, and the internet
Reported by Five Eight full story at Billboard.biz
The new owners of EMI continue to make dramatic changes to the major they acquired last year in a bid to strip back all ’seemingly’ unnecessary financial out-goings. EMI has tendered a conditional resignation from the IFPI - one of the industry bodies it had recently pledged to pull funding from alongside the RIAA and BPI (which EMI says costs it $250M globally per year to support). The IFPI, however, maintains this figure is closer to $130M. EMI intends to withdrawn from the IFPI on 31st March unless “discussions with the other major labels over the future structure and funding of the IFPI and the national industry bodies [...] lead to a solution that we are able to support.” Major label executives have apparently been meeting for months to discuss the consolidation of music industry trade groups to create a more cost-efficient mega-body. With EMI already falling foul of upsetting its artists (due to financial cutbacks), will excessive pruning across the board only serve to damage its relationships with the hands that support and feed its activity? Or is this the shake-up that the major and its counterparts have needed for some considerable time?
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