This news is music to a filesharers ears folks
http://www.p2pnet.net/story/14152EMI, these days under the control of private equity group Terra Firma, was the first to abandon DRM.
It now looks as if it may also be the first to opt out of subsidising Big 4 organised music hit squads such as the RIAA and IFPI.
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,” says Reuters.
The source said EMI … was looking at ways to ’substantially’ reduce the amount it pays trade groups,”
To all intents and purposes, the Big 4 together and singly comprise the corporate music industry and own and operate the IFPI and all the other so-called ‘trade’ organisations which are decimating the corporate music consumer bases with spurious lawsuits and accusations that the men, women and children which keep them fat are nothing more than thieves and criminals.
Meanwhile, “The IFPI said it believed the four majors give approximately 64 million pounds ($132.1 million) each year to itself, the RIAA and many other national associations,” says the story
One hundred and thirty two million dollars, my what a lot of loot those poor broken record companies are raking in that they can throw this sort of sum away, forgive me folks for not showing the proper respect for this group of self appointed music mafia groups who stamp on or buy up anything likely to kill off their monopoly, creativity has been the first thing thats suffered under the reign of the recent head of the RIAA, this has coincided with public attacks on their own customers, lets be honest here these ppl are a bunch of 10 watt bulbs surrounded by 100 watt members of the public, their fear of losing their monopoly has led them to undertake some seriously flawed actions and often the price of dirty work is high, political "support" cost losts of money, how much more are those folks costing the recording industry ??
It looks clear to me that if they can afford to throw this sort of money at "trade" organisations that release a few "big splash" anti piracy stories each year and do little else no wonder the industry is scared of going broke, let theses parasites of the artists and the public get real jobs, ones where they can shed a few excess pounds from around their girths.
