According to Ars Technica, the RIAA is under pressure from EMI:
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.
EMI has been unhappy with the trade groups' work for some time. Back in November, we noted that EMI was considering a major cut to its funding
of industry trade groups. EMI, the smallest of the four major labels,
was recently purchased by a private equity fund that is looking to
reinvigorate the label and cut expenses.
EMI was the first of the majors to drop DRM at iTunes and Amazon, moves
that have made its digital music a more attractive option. But if EMI
can force a restructuring of the IFPI and RIAA, the impact could be
just as significant for the industry.
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