The RIAA Appears to be Dying - Polidicks

[img]http://cdn4.digitaltrends.com/wp-content/uploads/2012/08/RIAA-failing-h.jpg[/img] [quote]The RIAA's revenue has dropped. Things aren’t looking so good for the Recording Industry Association of America (RIAA), one of the primary groups behind anti-piracy efforts like the Stop Online Piracy Act and the ‘six strikes’ deal with Internet service providers. As TorrentFreak giddily points out, [b]the RIAA’s most recent tax filing shows that the group’s revenue for the period that ended on March 31, 2011, has fallen 44 percent over the two years prior. Chances are, the financial outlook is even more grim for 2012.[/b] RIAA revenue for the period topped out at $29.1 million, a significant fall from the $51.35 million the group brought in two years ago. The number of employees also plummeted during the same period, diving from 117 to just 72. The reason for the fall in revenue is primarily a result of a drop in dues paid by the major record labels that serve as RIAA members. In its filing from two years earlier, the RIAA reported member dues of $49.8 million, reports Digital Music News. The group’s most recent filing shows that number now clocks in at just $27.9 million. [b]Interestingly, the first half of 2011 was one of the best for the music industry as a whole, according to Nielsen SounScan. The first six months of the year delivered a modest 1 percent rise in total album sales — the first gain the industry saw in six years.[/b] Despite the drop in revenue and member dues, RIAA executives are stilling laughing all the way to the bank. Former RIAA Chairman and CEO Mitch Bainwol received $1.75 million, the most of any RIAA employee. Current Chairman and CEO Cary Sherman (who was the group’s president at the time) received the second highest salary, $1.36 million. The nine other highest-paid RIAA employees all received salaries between $309,000 and $715,000. The amount of money the RIAA spends on lobbying the U.S. government has remained about the same over the past few years, at a steady $2.3 million annually. Fortunately for Web users, the amount of money the RIAA has collected in legal fees has dropped significantly, falling from $16.5 million to $2.34 million thanks to the group’s decision to stop going after individual file-sharers in court, reports TorrentFreak. [/quote] Prepare the bells everyone, the witch appears to be dying. Sources: [url]http://www.digitaltrends.com/music/the-riaa-is-dying/[/url] [url]http://torrentfreak.com/riaa-revenue-dwindles-as-labels-cut-back-120817/[/url] [url]http://www.digitalmusicnews.com/permalink/2012/120817riaa[/url]

:)

[QUOTE=RichyZ;37334763]OH BOY MY WILLY IS RISING FAST[/QUOTE] ...Thanks.

I wonder why.

[QUOTE=RichyZ;37334795]read the god dang article sonny[/QUOTE] I think he was being sarcastic.

Ah good.

I think it's interesting that a lot of big names and organizations in the entertainment industry are getting hosed all at once. Think about it...Blizzard-Activision is up for sale, EA is losing profits and possibly up on the market, THQ almost died entirely, and now this. I suppose that's what happens when your business models are no longer keeping up and your products no longer satisfy your consumers.

Yay no more music

[QUOTE=RichyZ;37334852]well usually when someone says that they mean it in that manner like "wow they must just be doing a bad job" rather than "they put out a policy that not many know of that made them lose money"[/QUOTE] Good point, that's a fine distinction.

I have but one word to say to this. <ehem> [b][h2]WOOOOO![/h2][/b]

[quote] Fortunately for Web users, the amount of money the RIAA has collected in legal fees has dropped significantly, falling from $16.5 million to $2.34 million thanks to the group’s decision to stop going after individual file-sharers in court, reports TorrentFreak.[/quote] So what do you figure they're gonna start doing now?

rest in pieces

Oh my gooooooooood.

Don't count on them going away any time soon. It takes a long time for a group to die. We are not even sure if they are truly going away either.

[QUOTE=Daemonshadow;37334845]I think it's interesting that a lot of big names and organizations in the entertainment industry are getting hosed all at once. Think about it...Blizzard-Activision is up for sale, EA is losing profits and possibly up on the market, THQ almost died entirely, and now this. I suppose that's what happens when your business models are no longer keeping up and your products no longer satisfy your consumers.[/QUOTE] Poor THQ They've actually made some good games lately

[QUOTE=Ericson666;37334854]Yay no more music[/QUOTE] If you've ever tapped your hands on a metal bar while waiting for something, then you're technically making music. Hell music isn't really about making over the top videos and lots of wubing. It's all about rhythm.

And Valve seems to be doing fine! Wonder why.....

I'm not cheering until they're actually dead. they might bounce back somehow. I mean this is great and all but counting chickens before they hatch etc

YES BURN YOU SONS OF BITCHES

[QUOTE=Pvt. Martin;37335085]If you've ever tapped your hands on a metal bar while waiting for something, then you're technically making music. Hell music isn't really about making over the top videos and lots of wubing. It's all about rhythm.[/QUOTE] There's a small difference between tapping your hands and having studio quality music

[QUOTE=Ericson666;37334854]Yay no more music[/QUOTE] im pretty sure the RIAA only represents music business CEOs, not musicians themselves. i've not seen any megastars come out in support for the organization.

And then they start pirating also

[QUOTE=Ericson666;37335261]There's a small difference between tapping your hands and having studio quality music[/QUOTE] yes, and the RIAA owns every music studio ever and will destroy them when they go and nobody will make any more

Rip in pease

Obviously they need to bribe some more congressmen.

[QUOTE=Ericson666;37334854]Yay no more music[/QUOTE] And when EA goes down does that mean no more games? One publishes music, the other publishes games in case you didn't get it. All the RIAA do is waste millions every year in a pointless war and it's starting to get to them.

[QUOTE=TMBGFan;37335317]yes, and the RIAA owns every music studio ever and will destroy them when they go and nobody will make any more[/QUOTE] Can't tell if trolling. Music existed for thousands upon thousands of years before the RIAA. Unless they are some kind of music themed Illuminati organization who have owned it all forever.

I wish lobbying didn't exist. It's basically bribery except adapted to fit the US government. It lets corporations fuck over everyone else.

Maybe we will have a Valve-inspired private corporation to take the place of the RIAA when it is gone :)

[QUOTE=Ericson666;37335261]There's a small difference between tapping your hands and having studio quality music[/QUOTE] Rhythm is the table leg that makes a table a table.