With A Budget Almost Cut In Half And 40 Percent Staff Cuts Can The RIAA Survive?

RIAA's budget comes from music labels and distributors because it represents the interests of the music industry. Therefore, it depends on their willingness. TorrentFreak obtained its latest tax filing and the RIAA is facing the same difficulties as the major music labels. Its budget has been cut to $29.1 million for 2010-2011 from $51.35 million two years earlier. Yet, the most important shift comes from the anti-piracy strategy adopted by the RIAA. Instead of spending tens of millions of dollars in legal fees, the RIAA is supporting the copyright alert system and its six strikes, a policy inspired by the unpopular and ineffective French anti-piracy law called Hadopi.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/V1mPNsLEhgc/

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