EMI, one of the big 4 record labels, has announced that will remain a member of the IFPI, but only at a reduced cost. In December of last year the record label threatened to leave in an effort to cut costs but it seems that the trade group has struck a deal to keep them around.
At the time, EMI chairman Guy Hands made comments that implied that the IFPI made over $250 million USD a year ... [ read the full article ]
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"Your Mafia's to expensive for us to stay in. We don't need your 'protection' anymore", says EMI. The IFPI knows that if they start losing major labels, that they will fall apart, so they lowered the price of membership for the big group.
This is similiar to what it feels like for me to shell out $14 for a CD. I know that in no way is it worth it, and I just won't do it anymore. If it's over $10, I don't buy it (and I usually forget about it a month later).
Thankx to EMI being brought out by a private equity firm, they see that continually funding the RIAA/IFPI to sue college kids does not benefit artists and does little to combat piracy and seems EMI do not make DRM (unlike sony) they have little to gain from forcing Orwellian controls over media.
Originally posted by nobrainer: Thankx to EMI being brought out by a private equity firm, they see that continually funding the RIAA/IFPI to sue college kids does not benefit artists and does little to combat piracy and seems EMI do not make DRM (unlike sony) they have little to gain from forcing Orwellian controls over media.
That's exactly right. The sue the college kid for a on average $3000 settlement because he/she shared a few songs, but they lose that customer for life. I wouldn't want anything to do with someone who sued me (reguardless of who is right). The only thing that I would want would be revenge. I like EMI better than Sony, but they are still part of the problem if they are part of any of the mafias.
