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August 23, 2012

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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17:50 // 2 years ago
March 2, 2012
Hopefully that was a one-time experience that came from a lot of different things coming together where a lot of different people came to the conclusion that this was a terrible piece of legislation.
RIAA head Cary Sherman • Discussing the experience of SOPA and his hopes that the mass online protests won’t repeat. Yeah, internet, we should prove him wrong — by, for example, spreading this quote!
10:26 // 2 years ago
January 30, 2012
2:23 // 2 years ago
June 2, 2011
14:18 // 3 years ago
May 4, 2011
23:43 // 3 years ago
November 29, 2010
11:02 // 3 years ago
October 26, 2010
THIS IS AN OFFICIAL NOTICE THAT LIMEWIRE IS UNDER A COURT-ORDERED INJUNCTION TO STOP DISTRIBUTING AND SUPPORTING ITS FILE-SHARING SOFTWARE. DOWNLOADING OR SHARING COPYRIGHTED CONTENT WITHOUT AUTHORIZATION IS ILLEGAL.
A notice on LimeWire’s Web site • Informing the world that the groundbreaking file-sharing service is no more. It lost a permanent injunction, rendering the decade-old site off-limits. You’ll be missed, and not just for all of the spyware you put on our computers. The next step? The RIAA goes for the money grab. Sad.  source (via)
23:25 // 3 years ago