Thursday, August 21, 2008

IFPI Hong Kong implodes

The Hong Kong branch of the IFPI - the international wing of the RIAA - has suddenly collapsed like a yeti going down an escalator. All four international majors have quit with plans to establish a local group to dance to their whims.

If there's no sense in Sony Hong Kong being part of an international body, what sense is there in Sony UK being part of the same group?

The nature of the fudge it's creating has been captured by Music 2dot0:

Our sources have clarified that the pull out is contained within the Hong Kong market only and the major labels’ international membership with the IFPI will continue while the IFPI’s satellite office in China will still represent the majors but in due course, it is expected that the majors will reel in China too.

Clear, huh?

No comments:

Post a Comment

As a general rule, posts will only be deleted if they reek of spam.