Printed from http://www.electronista.com

RIAA due to get significant budget cuts: insiders

updated 04:55 pm EST, Fri December 19, 2008

RIAA budget cuts coming

The Recording Industry Association of America (RIAA) is due for significant budget cuts as the major labels backing it will reduce costs and cut down on initiating file-sharing lawsuits, say industry insiders according to a Friday CNET report. Earlier today, it was announced RIAA will stop its years-old practice of suing individuals for sharing pirated music and other copyrighted materials. With this move, the RIAA's role will be largely reduced, and insiders believe the budget cuts will be announced at the Association's upcoming annual budget review.

Because of growing digital music sales, the RIAA is already expected to cut its budget, as its role of encouraging listeners to buy instead of steal music has become less significant. A source indicates one of the top four labels behind RIAA is adamant about decreasing its contribution to the organization. Despite the likely cuts, RIAA is expected to continue working with its long list of music, movie and artist labels. It has a presence in Congress, where it lobbies on behalf of the music industry and artists' intellectual property rights.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

  1. lamewing

    Dedicated MacNNer

    Joined: Aug 2004

    +1

    good riddance

    I will be happy to see these vulture go the way of the dodo. Their antics do little to stop piracy, especially since so much piracy takes place overseas.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News