Source Pravda.Ru

EMI to stay with IFPI but pay less

The major record company EMI decided to stay with IFPI after several months of deliberation. The record label will continue its participation in the group's operations, but will slash it funding for antipiracy policy.

The main reason for EMI’s concerns is the size of funding required to keep IFPI's operations at a level. EMI and the other three labels have allegedly contributed over $130 million per year to maintain the activity of IFPI, RIAA and other national trade groups.

EMI, following cost-conscious policy, managed to find an agreement with IFPI. As it’s extremely valuable for both sides to stick together and to cope with different challenges, IFPI has made some concessions and accepted the term of lower contribution from EMI.

The reduction of funding makes IFPI review the structure and operation of the organization and its relationship with the national groups.

The International Federation of the Phonographic Industry (IFPI) is the organization that represents the interests of the recording industry worldwide. It represents more than 1,450 record companies, large and small, in 75 different countries. Its stated policies are to fight music piracy, promote industry-friendly, copyright laws, and lobby for legal conditions believed to be in the interest of recording companies, including DRM.

Comments
Russia refuses to build helicopter carriers, but considers aircraft carriers
Putin sets Merkel against Trump. She doesn't mind
One step closer to a resolution in Syria
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Putin sets Merkel against Trump. She doesn't mind
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
US-Russian confrontation: War is peace, freedom is slavery
Default more likely to hit American, rather than Russian economy
Russia refuses to build helicopter carriers, but considers aircraft carriers
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind