Tuesday, March 27, 2007

RIAA reluctant to reveal costs of legal action

Capitol Records have asked the judge in their case against Debbie Foster to keep details of how much they're paying their legal team secret.

Obviously, the RIAA doesn't want people to be able to start putting a figure on the lawsuits they're pursuing, but it's still surprising to see a company like EMI trying to keep such details out the public domain. For example, wouldn't EMI's beleaguered shareholders be interested to know how much the company is burning through on stunts like this at a time when basic earnings per share have fallen from nearly 30pence to just over 10pence between 2004 and 2006?

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