EMI tell RIAA: tighten your belt

We wondered aloud a while back if the new attitude brought by the motorway caterers running EMI would lead to them deciding paying a fortune to the RIAA might not be such a smart move. Well, they're not actually pulling out altogether, but Guy Hands has sent a letter to the RIAA & IFPI that would be what my father, a naval man, would call a shot across the bows.

The FT reckons that he's warned them of plans to cut the amount EMI lavishes on industry bodies by half - perhaps by merging the IFPI and the BPI.

You could save the other half, Hands, by pulling out altogether.