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Is the Recording Industry Association of America losing influence?

  • $51.35 million in revenue was reported to the IRS by the RIAA for the 2009 fiscal year
  • $29.1 million was reported for the 2011 fiscal year, a 43.34% drop in revenue source

» So, where did all the money go? Well, the company certainly hasn’t done much trimming when it comes to wages. After reporting $16 million in employee compensation during 2009, equal to 31.16% of their revenue, the company only shaved $3 million in wages by 2011. The company reported $13 million in employee compensation last year, equal to 44.67% of their revenue, including over $3 million in wages for the company’s two highest-ranking executives. Add in a $21.9 million drop in annual membership dues over the same two-year period — amid a fairly rosy 2011 for the music industry as a whole, which suggests members are departing or paying smaller amounts in membership dues — and the picture really starts to come together. So, how much longer do you think the RIAA is going to last?

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August 23, 2012 // 17:50 // 1 year ago
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26 notes from really cool Tumblrs like ours. Click to read.

  1. tkerbavaz reblogged this from shortformblog
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  3. armchairsoapbox reblogged this from shortformblog and added:
    Finally
  4. commodifiedsouls reblogged this from silas216 and added:
    The prospect of RIAA dying is making me horny.
  5. silas216 reblogged this from shortformblog
  6. unclepen2090 reblogged this from shortformblog
  7. questionall reblogged this from shortformblog
  8. mconor reblogged this from shortformblog and added:
    depends on how fast they lose capital...next couple years. they could remain pretty...
  9. felixity reblogged this from shortformblog
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  11. pleaseshowmehowtolive said: fuck em
  12. shortformblog posted this