Raise your hand if you think the RIAA is a good institution?
That is what i thought.
Apparently someone in the music industry is actually “starting” to think the same thing.
Check out this article at pcmag.com talking about EMI (one of the 4 big record companies; they own Virgin & the venerable Capitol Records) considering substantially cutting their funding for the RIAA. EMI recently acquired by Terra Firma and it seems in layman’s terms Terra Firma decided they are throwing away money at the RIAA.
Now I’m not an expert on the subject matter and i won’t pretend to be, but evidently the big record companies poor millions of dollars to the RIAA so they can “protect” their product. AKA sue the shit out of us the customers.
I’ll get excited when one of the companies cuts them off completely and the others start to follow suit, but i guess when you are dealing with an institution that thinks it is a good business practice to sue its own customers you have to take baby steps……
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