[solaris]

Is the RIAA as we know it about to disappear? As rumors continue to swirl that EMI will pull its funding from music trade groups like the RIAA and IFPI, an IFPI spokesman tells Ars that the group is in the middle of a major internal review of its operations.

That review will include a look at the "structure and operation of the organisation and its relationship with the national groups, with a view to finding greater efficiencies and cutting costs," we're told. That leaves open the possibility that the review could lead to a merger of the IFPI and RIAA, which is the largest (and most expensive) of the "national groups." If that happens, the "RIAA" might disappear even as its work continues.

The comments from the IFPI fit with a new story in Variety which claims that EMI will pull funding from the trade groups by March 31 unless major changes are made. Consolidating the two groups appears to be one of the options on the table.

Losing one of its four pillars would come as a huge blow to both the IFPI and the RIAA, and the review now in progress is an attempt to retool the trade groups' missions to better serve the record labels that fund most of their operations.

Major label music has had a hard time of it the last few years; even as the labels have moved plenty of music (due in large part to the growth of digital downloads), more lucrative CD sales have plummeted. The IFPI admits that its internal review is prompted in large part "by falling industry revenues resulting from the decline in global music sales."

Full store here: Under pressure from EMI, RIAA could disappear


If they have to reduce costs by merging with European colleagues IFPI, then they at least get the opportunity to change their name. Imagine how it must be to go the a party, where you don't know many people and these people ask you where you work

I guess none of these guys dare to say what their profession really is. You are probably more popular at parties, if you claim that you are a tax collector, an executioner or even a key member of al-qaeda

[solaris]

Originally Posted by solaris

Full store here: Under pressure from EMI, RIAA could disappear


If they have to reduce costs by merging with European colleagues IFPI, then they at least get the opportunity to change their name. Imagine how it must be to go the a party, where you don't know many people and these people ask you where you work

I guess none of these guys dare to say what their profession really is. You are probably more popular at parties, if you claim that you are a tax collector, an executioner or even a key member of al-qaeda

http://www.p2pnet.net/story/14623

[Gezza_MTK]

The music industry: From major to minor

Last year was terrible for the recorded-music majors. The next few years are likely to be even worse

For all you lovers of the record majors, please have a read of The music industry | From major to minor | Economist.com . It will warm many a heart and many a wallet.

If one of the moderator agrees, I can copy the first paragraph of the article, which should be ok with the publisher.

[Nightfly]

Originally Posted by Gezza_MTK

The music industry: From major to minor

Last year was terrible for the recorded-music majors. The next few years are likely to be even worse

For all you lovers of the record majors, please have a read of The music industry | From major to minor | Economist.com . It will warm many a heart and many a wallet.

If one of the moderator agrees, I can copy the first paragraph of the article, which should be ok with the publisher.

Yes Gezza as long as you put Quote: on the top before the paragraph.
Check out other such posts in this Forum.
and welcome to the Forum...........

[Gezza_MTK]

IN 2006 EMI, the world's fourth-biggest recorded-music company, invited some teenagers into its headquarters in London to talk to its top managers about their listening habits. At the end of the session the EMI bosses thanked them for their comments and told them to help themselves to a big pile of CDs sitting on a table. But none of the teens took any of the CDs, even though they were free. “That was the moment we realised the game was completely up,” says a person who was there.

The article goes on to state that even the growth of digital downloads is slowing.

Happy days, indeed, for the majors. Gloat, gloat.

Thanks, Nightfly. I hope that the quote has been marked correctly.

[Nightfly]

Originally Posted by Gezza_MTK

The article goes on to state that even the growth of digital downloads is slowing.

Happy days, indeed, for the majors. Gloat, gloat.

Thanks, Nightfly. I hope that the quote has been marked correctly.

Yes Geeza and then you could have placed the link to the article...
very well done...........

[Gezza_MTK]

Apologies. The link was on the previous post. Here it is again: The music industry | From major to minor | Economist.com

Not sure how long articles are available to non-subscribers.

[sloday10]

Thanks for posting this article. To quote Groucho Marx, "It's all over, but the shooting."

[sloday10]

From Yahoo today. Looks like the CD is dead...

Music industry weighs giving away music - Yahoo! News