29
Nov
EMI is cutting funding to “trade bodies”, which essentially means the IFPI, RIAA and the like. With the RIAA alone getting over 130 million dollars in funding from the major labels, maybe EMI is realising that instead of spending their hard fought cash on attacking everyone and alienating their customers, they might be better off spending their money somewhere else.
EMI has been pretty forward thinking of late being one of the first labels to offer en-mass DRM free music to the likes of Amazon and other retailers. With EMI being recently acquired by Terra Firma it will be interesting to see what other strategic changes they make. This move could be the next lynch pin for the music industry since the Radiohead story…
0