Last year, after being purchased by equity firm Terra Firma, EMI started looking at exactly what the trade organizations they help fund with membership fees were doing to earn their money. We reported in November of last year that the answer was apparently "not enough," and the company was considering backing out of the RIAA because they didn't feel that they were getting their money's worth. ... [ read the full article ]
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Changing the name will solve nothing and the IFPI is exactly the same companies pushing for the same goals, but global, and representing all the ++AA ect, to collect royalties on behalf of big media, lobby tighter laws, and sue college kids, grandparents and ppl on social security, ect out of house and home, oh, and i nearly forgot, help the studios fix prices for media globally, then enforce regional sales!
The IFPI is kinda like 1 ring to control them all.
Originally posted by above hyperlink: It is becoming more and more difficult for the music industry to ignore the basic economics of the their industry: unenforceable property rights (you can?t sue everyone) and zero marginal production costs (file sharing is ridiculously easy). All the big labels have now given up on DRM. They haven?t yet given up on trying to charge for their music, but it?s becoming more and more clear that as long as there is a free alternative (file sharing), the price of music will have to fall towards free.
The gatekeepers of media are going down, so long big media, and thanks for all the fish, you monopoly on distribution is at an end!
Originally posted by hyperlink: Hollywood writers and Silicon Valley geeks are teaming up to create startups like Virtual Artists modelled on the original United Artists, in which artists own and operate the studio:
Some writers are now taking matters into their own hands, using their downtime to meet with venture backers, other writers and technologists.
"We should show the studios some gratitude for getting us together," said "Rain Man" coauthor Ron Bass, a member of the WGA's negotiating committee and an investor and director of Virtual Artists. "This is not just an Internet play, but the beginning of what the future is going to look like."
The record companies should treat these organisations like if they are giving out funding submission this way then the record companies will have an idea where the money is going and how it is spend and invested.
