Friday, January 11, 2008

EMI quits IFPI - RIAA to go next?

The prospect of a major restructuring in the cartel arrangements for the music industry are getting ever closer: EMI have formally filed their departure from the IFPI, the international wing of the RIAA; it's hard to see how the IFPI can continue to claim to represent the desires of the record companies when a major label has publicly announced they don't. Or, indeed, how the IFPI can continue without EMI's hefty financial contributions.

The Register is predicting that the RIAA might merge the IFPI into its operations - which, effectively, would formalise the arrangement that's currently in place.

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