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January 14, 2008
File Under "That'd Be Nice"
Or maybe just "wishful thinking."
Relaying heavily from a Variety Magazine piece, Nate Anderson at ars technica asks whether the RIAA could go away, at least in its present form.
The base of the problem is that the RIAA isn't solving the music industry's problem - plummeting sales - and is costing it millions of dollars. From a pure cost perspective, it would make sense to jettison this loser. However, only one of the four big record companies is even making any noises in this direction and that one, EMI, is the smallest of the four. So long as the RIAA enjoys over 75% support I don't see any major changes on the horizon.
Two factors might change that: Variety reports that all four major labels are pushing the RIAA for change; EMI is just the loudest because it has been bought by a private equity firm that is likely much more cost-conscious. Also in the works is a rumored IFPI reorganization. That body represents 1,400 record companies in 75 countries according to Variety. If IFPI is indeed reorganized, it might make sense to fold in the RIAA at the same time.
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